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PM & E Inc. Announces Acquisition of EVADA Aircraft Corp
PM & E Inc. Announces Acquisition of EVADA Aircraft Corp.
About this update from Pm&e Inc
[{"type":"text","content":"PM & E Inc. Announces Acquisition of EVADA\nAircraft CorpTORONTO, July 7, 2016\n\nThe PM & E Inc. Board of Directors is pleased to announce that the Company has signed a letter of intent\nto purchase EVADA Aircraft Corporation.\n\nThe purchase will be for stock\nand management of EVADA will take over running of the overall Company.\n\nAbout\nEVADA Aircraft Corp:\n\nEVADA Aircraft Corp\nis an aeronautic company based in Wyoming that combines the latest technology\nwith the highest in quality for the ultimate aircraft for general aviation.\n\n As an amphibious\naircraft manufacturer EVADA Aircraft has a commitment to innovate and design,\nit specializes in two-seater and four-seater aircraft models, providing ground\nbreaking LSA Light Sport Aircraft.\n\n EVADA’s\ncollaboration partner has already two models of LSA aircrafts on the market:\nThe Rally and the Century\n\n EVADA Aircraft is\nactually developing the EVADA A4 model with several national and international\npartners, which marketing and sales is planned to start in 2017.\n\n The prototyping\nphase of EVADA A4 is at 50% of completion (June 2016) and will be finalized by\nthe end of 2016, the prototype willbe sent to the United States to perform a\nseries of ground and flight tests in order to get its US certification.\n\n Web site for EVADA Aircraft\n--- www.evada-aircraft.com\n\n Forward\nLooking Statements:\n\nThis\npress release contains statements, which may constitute \"forward-looking\nstatements\" within the meaning of the Securities Act of 1933 and the\nSecurities Exchange Act of 1934, as amended by the Private Securities\nLitigation Reform Act. The Private Securities Litigation Reform Act of 1995\n(PSLRA) implemented several significant substantive changes affecting certain\ncases brought under the federal securities laws, including changes related to\npleading, discovery, liability, class representation and awards fees as of\n1995. Those statements include statements regarding the intent, belief or\ncurrent expectations of PM & E Inc, and members of its management as well\nas the assumptions on which such statements are based. Prospective investors\nare cautioned that any such forward-looking statements are not guarantees of\nfuture performance and involve risks and uncertainties, and that actual results\nmay differ mate...