Perla Group New Contracts – Market Update
FT. LAUDERDALE, Fla., June 27, 2012 /PRNewswire/ — Perla Group International Inc., (Pink Sheets: PERL) a leader in the international military, police and security solutions sectors, today announced it has secured two new purchase orders in excess of $1,650,000.
The new orders are for the supply of Satellite Telecommunications equipment for an African based Telecoms company, and the sale of (two) AK1-3 helicopters to an Asian based dealer.
These new orders, together with contracts already signed during the second quarter of 2012 take the revenues of the company to over $13Mill for the first half of 2012. This is a 430% increase in revenues for the entire 2011 year. “An outstanding achievement for the company,” said Charles D’Alberto, President and CEO of Perla Group International Inc.
The company announced earlier in 2012 that it was reviewing two possible acquisition targets for its aviation division. This was deferred until such time that its market cap had recovered from a major sell down of its shares, and thus decreasing the market cap. “We believe strongly that due to the recent recovery of our share price and market cap that we are now in a position to re-engage in these discussions.“
“We are also in the process of submitting additional information to the OTC that will see the company achieve ‘Current’ status.“
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About Perla Group International
Perla Group International is an emerging leader in the international military, police and security solutions sectors. It was established with the vision to become the industry’s leading turnkey solutions developer and services provider. Perla Group’s success is built on a combination of trust, backing and support of top industry specialists and a talented team’s unwavering commitment to service excellence. With its four divisions: Perla Telecoms, Perla Aviation, Perla Armored Cars and Perla K-9 Services, it places Perla Group in a unique position to service many of its existing clients with multiple value added services and thereby attract key new clients.
“Safe Harbor Statement” under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. The statements in the Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements.
SOURCE Perla Group International Inc.