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FT. LAUDERDALE, Fla.,
March 30, 2012 /PRNewswire/ -- Perla Group International Inc., (PERL:PK) a leader in the international military, police and security solutions sectors, releases its fiscal year 2011 earnings results.
2011 Earnings Results
For the year ending Dec. 31, 2011, the company reported total revenues of
$3,126,708, and net income profit of
$361,373. For the ending period, the company reported it was cash-flow positive at the end of the fiscal year.
As of March 2012, the Company had a current estimate of 224 million shares issued and outstanding.
The Company is very pleased at the results given that the last year has been one of consolidation, combined with the move of its Head Quarters to the
USA from the Middle East. The year saw a reduction in the Outstanding Shares Issued by 55% to 224Mill, keeping in line with policy of tightening up the share structure.
The Company is pleased with the contracts signed during this period, and believes 2012 will pave the way for increased revenues across all divisions, particularly in the areas of Armored Vehicles and Aviation Sales and Services. To this end, we can report that we are in the final stages of negotiations to acquire a US based company in the area of aviation services that will most likely increase the existing company revenue to over $6Mill.
Up list to Current Status
For 2012, the Company plans to file to up list the company to "Current" tier status with OTC Markets. Upon completion the company will then embark on conducting full financial audits to progress towards fully reporting status with the SEC.
Charles D'Alberto, the President and CEO of Perla Group commented, "The Company is very pleased to announce strong earnings results for its fiscal year 2011 financial results. Although slower in the fourth quarter, the Company achieved another strong year of revenues, and net profit for the company, and its shareholders. Based on our execution of new Armored car contracts in
February 2012, and plans for potential aviation acquisition that could double our yearly revenue results over 2011, we feel the company is on the right track in building strong fundamentals within the company."
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About Perla Group International