KANSAS CITY, Mo., May 22, 2014 /PRNewswire/ -- APT Group,
Inc., a propulsion technology company that manufactures and
distributes advanced, environmentally friendly transportation,
recreation and utility powersport products (www.powerapt.com),
today announced that its CEO, Wayne
Patterson, and its President, Troy
Covey, were interviewed by Francis
Gaskins, an analyst, on the Company's history, its future,
and questions investors have asked about its current entry into the
public market.
The entire interview is available at
http://gaskinsco.com/apt-b.mp3
Highlights include:
* The Company plans to be profitable in 2015.
According to Mr. Patterson, CEO, the demand for APT products
continues to grow and international markets are opening in many
countries across the globe. "We have developed a loyal
customer base and the demand continues," APT's President,
Troy Covey, said. "It's
critical for our shareholders to understand that we are
growing a global mega-brand that takes significant capital
investments and we have made those investments now
positioning us for deeper penetration of domestic and international
markets as well as driving the Company to profitability."
* The Company began selling products in the third quarter
of 2011 and revenues topped $6
million that year. 2012 revenues almost reached
$11 million. Revenues decreased
in 2013 due to product financing, while demand for products
continued to increase. The Company turned down significant
business in 2013 and early 2014. The Company has
restructured and now has the capacity to accept all orders.
* The first quarter 2014 sales were "light" due to product
financing issues. In addition the "selling season" for APT®
products traditionally has been the third and fourth
quarters. The two executives state that the Company has
addressed these issues by restructuring the balance
sheet. This made it possible for more competitive rates and
terms for product financing. In addition, the Company
continues its focus on product diversification which will begin the
process of level loading revenues annually. Mr.
Patterson states APT®will begin to see the results of these actions
this year and certainly the years to come.
* APT® has now built the infrastructure necessary to
expand into a higher gross profit and gross margin dollar product
line that will produce significantly higher revenues.
* The Company's SmartCarb®, explained in detail in the
interview, is enormously important for APT's future. The
$30 billion small engine industry
continues to face great challenges in the efforts to meet expanding
emission standards. The current technologies that OEM's are trying
to use is proving not to be the solution. APT's SmartCarb®
outperforms in fuel economy, horsepower, torque and emissions as
well as compensates for altitude. "We can reduce emissions by 50 -
80 percent on most products with the SmartCarb®," Mr. Patterson
said. "SmartCarb® results clearly demonstrate the potential
of reducing or eliminating the need for catalytic converters on
certain products." Catalytic converters are presenting
small engine product OEM's significant problems such as product
safety, performance and expense due to the expense of precious
metals used in catalytic converters.
* In the interview, the APT executives also discuss why
the Company entered the public markets, stock dilution, payment of
debt and providing value to shareholders. They also
discussed the stock symbol change, saying it would occur in "days,
maybe weeks, not months."
About APT Group, Inc.
APT Group, Inc. (OTC BB: FROZ) is a Missouri registered corporation headquartered
in Kansas City and is the holding
company for the MotoVox® motorsport product line, SmartCarb®
patented fuel system, and the Sonic Flow small engine technology
lines (http://www.motovox.com/, and http://www.powerapt.com/).
Forward-Looking Statements
Some statements made in this press release are forward-looking
statements, which are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. We use
words such as "anticipate," "believe," "expect,'' "future,"
"intend," "plan," and similar expressions to identify
forward-looking statements. These statements including those
related to the growth of the industry and the Company's
performance, are only predictions and are subject to certain risks,
uncertainties and assumptions. Additional risks are identified and
described in the Company's public filings with the Securities and
Exchange Commission. Statements made herein are as of the date of
this press release and should not be relied upon as of any
subsequent date. The Company's past performance is not necessarily
indicative of its future performance. The Company does not
undertake, and the Company specifically disclaims any obligation to
update any forward-looking statements to reflect occurrences,
developments, events, or circumstances after the date of such
statement.
Contact
William Maher, SVP
APT Group, Inc.
InvRel@motovox.com
Paul Knopick
E & E Communications
940.262.3584
pknopick@eandecommunications.com
SOURCE APT Group, Inc.