New York, Dec. 19, 2013 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTC QB: AMPG) ("AmpliTech" or
the "Company"), a trusted provider of
RF/microwave, microelectronic, MMIC, and low noise amplifiers
for critical and high-reliability, wireless and commercial
applications announced in October that due to a high demand
for its custom designed products, booked orders had reached record
levels. Based on its progress fulfilling these orders, the Company
currently is projecting the annual 2013 revenue to be an
approximate increase of 20% from last year. Fawad Maqbool,
Amplitech CEO stated, "I am excited to announce to our
shareholders we are on pace to exceed any prior year's
revenue."
He further stated, "I credit this to the highly successful trade
show we attended in June, where we booked over $500k in new
purchase orders, including those related to the F-16 fighter and
UAV drone programs. We are planning to attend additional
trade shows again in 2014 and possibly sponsor the shows as we have
done in past years. We also plan to have new products showcased at
the upcoming shows as well."
About AmpliTech Group Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom
and standard state-of-the-art RF components for the International
Commercial, SATCOM, Space, and Military markets. These designs
cover the frequency range from 50 kHz to 40 GHz - eventually,
offering designs up to 100 GHz. AmpliTech also provides consulting
services to help with any microwave components or systems design
problems. Our steady growth over the past 10+ years has come about
because we can provide complex, custom solutions for nearly ANY
custom requirements that are presented us. In addition, we have the
best assemblers, wires, and technicians in the industry and can
provide contract assembly of customers' own designs.
Website: http://www.amplitechinc.com
Media services by: Vitello Capital Ltd & 18KT.tv LLC
Forward-looking Statements
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(ii) trends affecting the Company's financial condition or results
of operations; (iii) the Company's growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"anticipate," "believe," "intend," and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors.
CONTACT: AmpliTech Group, Inc.
35 Carlough Rd. #3Bohemia,
NY 11716
Website: http://www.amplitechinc.com
Phone: 631-521-7831
Email: info@amplitechinc.com
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