Cemtrex Inc. Provides Shareholder Update Tuesday March 20, 10:00 am ET
FARMINGDALE, N.Y., March 20 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC: CTEX - News), which is engaged in selling the most advanced instruments for emission monitoring systems, providing turnkey services for carbon creation projects through abatement of greenhouse gases and assisting project owners in selling their carbon credits globally, released the following update to shareholders. ADVERTISEMENT
Dear Fellow Shareholders,
We continue to make considerable investment in the future of our company that will position us in the leadership position in our respective businesses. We are providing considerable resources for the SM4 mercury monitor test program at Trimble County being conducted by RMR Research & Consulting Inc. We have signed several new sales representatives to exclusively market our mercury and opacity monitors around the country.
We continue to pursue greenhouse gases abatement projects in India, China, Mexico, South America and Eastern Europe. We already have hundreds of installations at power plants, cement plants, refineries and other industrial plants in the USA for opacity monitors and/or continuous emission monitors (CEMS).
We expect to complete the Griffin purchase within the next month. Subsequent to this acquisition, Cemtrex will have sales of over $6.0 million on an annualized basis. Our current total outstanding shares are approximately 262,000,000 with a float of approximately 100,000,000 shares.
Many of you are long-time shareholders and have been very patient with your investment. We are committed to creating a company of substance and value. We are working to develop opportunities and products that provide Cemtrex competitive advantages in the marketplace on a global scale. We have always run this company from a long-term perspective, trying not to be overly concerned about the daily swings in the share price. I want to thank you for your support.
Aron Govil CEO & President Cemtrex Inc. URL: http://www.cemtrex.com; Email: info*cemtrex.com (516) 816-1400
Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
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