Published On: Fri, Mar 24th, 2017

PM&E, Inc. (OTCMKTS:PMEA) Reports Tentative Strategic Acquisition

PM&E, Inc. (OTCMKTS:PMEA) reported that the company is in negotiations with a current Aircraft Manufacturer and anticipate this firm to join the company corporate family under strategic acquisition plans.

The update

Khaled Akid, the Chairman of PM&E, reported that they are delighted to report that the company has commenced serious talks with a current Aircraft Manufacturer. The plan is to take a key stake in the firm through an acquisition that is anticipated to be closed within the next 60 days. The expertise and resources available to company as a result of this acquisition deal will serve the firm well as they build out their firm. This is a remarkable group of business experts that will bring considerable things to the table and the management could not be more delighted with what has emerged to date.

Mr. Akid added that Joseph has mentioned from day one that they are establishing a firm of integrity and will always see that they are extremely transparent with shareholders. With that thing in mind, they would like to inform that they are in communication with their Lawyers to cancel the Letter of Intent closed with DiNelly Distribution, Ltd, which was legally disbanded as an operating entity in December 2015.

The lack of transparency in the previous negotiations does not go with the type of firm that they have in the works and hence, all communications and operations with DiNelly will stop immediately. Their lawyers are evaluating and assessing the damages caused and rest assured that PM&E will serve in the best interest of all shareholders.

Mr. Akid concluded that for those who intend to know the details pertaining the production and manufacture of the EVADA aircraft, he want to inform that they have closed 65% of the conceptual work required to bring the EVADA aircraft into production.

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