Business
PM&E Inc. Announces the Cancellation of 1-For-100 Reverse Split Of Common Shares
PM&E Inc. Announces the Cancellation of 1-For-100 Reverse Split Of Common Shares.
About this update from Pm&e Inc
[{"type":"text","content":"\n\nPM&E Inc. Announces the Cancellation of 1-For-100\nReverse Split Of Common Shares \n\n \n\nWyoming, September 26th,\n2016 -- PM&E Inc. (OTC: PMEA) today announced\nthat the company’s Board of Directors decided to cancel the 1-for-100 Reverse\nSplit of its Common Shares.\n\n \n\nPM&E decided not to proceed with the 1-for-100 Reverse Split of its\nCommon Shares following the increase in the price as well as the increase in\nthe volume of trading during the previous business days subsequent to the\nlatest positive significant developments in the Company. As a result, PM&E\nwill evaluate further and reconsider its strategy in the following days for the\nbenefit of its shareholders.\n\n \n\nAbout PM&E Inc.:\n\nPM&E Inc. is an US development stage corporation based in\nWyoming – USA, which has expanded its business activities beyond the design,\ndevelopment and implementation of solar power technologies to focus on the\nfield of aeronautics through the acquisition of EVADA Aircraft Corp, which is\nalso owned by the Swiss corporation Mundus Capital Invest AG. PM&E’s\ndivisions are consisting of the following:\n\n\n EVADA Aircraft Corp: located in Wyoming\n – USA, the HQ of Evada will soon be responsible (beginning 2017) for the\n mounting and assembly of the parts of the EVADA A4 aircrafts and also\n commercializing the existing models the Rally and the Century. \n\n\n\n EVADA Aircraft SA: located in Sousse –\n TUNISIA, the company is responsible for the manufacturing of the\n aircraft’s parts, and it is fully operational since March 2013.\n\n\n\n EVADA Services SARL: located in Sousse –\n TUNISIA, is an air service company that focuses on: (i) Aerial\n agricultural treatment: aerial crop spraying, mosquito and locust control,\n (ii) Banner towing, (iii) Pilot training & (iv) First flight.\n\n\nAs 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.EVADA’s\ncollaboration partner has already two models of LSA aircrafts on the market:\nThe Rally and the Century.EVADA Aircraft is\nactually developing the EVADA A4 model with several national and international\npartners, which marketing and sales is planned to s...