PMEA Developing Distribution in Russia
14 Febrero 2013 - 4:59PM
PM&E, Inc. (OTC Pink:PMEA) announced today the steps in
development of the distribution network in Russian Federation. The
Company has launched work to set up and develop distribution of its
solar power generation panels to retail and wholesale customers on
the territory of Russian Federation and neighboring countries.
PMEA's wholly owned subsidiary Suncetix Inc. has started
negotiations with Medium In Motion Inc., a Toronto-based subsidiary
of Palladium Sorento group with head office in Moscow, Russian
Federation, in order to explore the opportunity to secure exclusive
right to sell market-ready solar power generation application in
Russian Federation. As the date nears of the commercial launch into
production, licensing, retail and wholesale formats of the
Company's modular solar power application, Medium in Motion, Inc.
noticed a great opportunity in this niche, as per words of Boris
Sverdlov, President of Medium in Motion, Inc. "We are pleased to
have an interest of one of the leading hardware distributors in
Russia, said CEO Jack Merck, we will definitely consider the terms
under which we can grant exclusivity to this firm, based on
guaranteed performance by the Medium In Motion Inc."
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees as of 1995. Those statements include statements
regarding the intent, belief or current expectations of PM&E,
Inc. and members of its management as well as the assumptions on
which such statements are based. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
CONTACT: Thomas Hamilton
647-761-3413
support@suncetix.com
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