Microcap & Penny Stocks : ARMF (Armanino Foods of Distinction)
AMNF 2.7500.0%Jul 20 5:20 PM EDTNews

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: robert b furman who wrote (29)2/1/2017 3:42:30 PM
From: robert b furman2 Recommendations

Recommended By

  Read Replies (1) of 54
Here's what we want to hear about in the fourth quarter web cast:

Pera continued, “Our Board of Directors recently gave its approval for us to secure a $3.5 million credit facility to expand our manufacturing plant capacity. This project is expected to help us double our plant capacity, and increase production efficiencies. The Company also negotiated an extension of the lease on its existing plant facility. This extension carries a 5 year term beginning January 1, 2017, and contains two 5 year renewal options. Construction for the plant expansion project is scheduled to begin around the end of December 2016, and expected to be completed shortly after the end of the first quarter of 2017.”

Pera concluded, “The Company is cautiously optimistic about it financial performance for the remainder of this year. We continue to work on several significant domestic relationships that we are trying to close before year end. We remain guarded on our outlook with our Asian markets due to continued weak economic conditions in that part of the world. Our current sales pipeline and cash position remain strong.”
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.