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.
2011 Recap
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
Perla Group International is an emerging leader in the
international military, police and security solutions sectors. It
was established with the vision to become the industry's leading
turnkey solutions developer and services provider. Perla Group's
success is built on a combination of trust, backing and support of
top industry specialists and a talented team's unwavering
commitment to service excellence. With its four divisions: Perla
Telecoms, Perla Aviation, Perla Armored Cars and Perla K-9
Services, it places Perla Group in a unique position to service
many of its existing clients with multiple value added services and
thereby attract key new clients. www.perlagrp.com
"Safe Harbor Statement" under the Private Securities Litigation
Reform Act of 1995. This press release contains forward-looking
statements that involve risks and uncertainties. The statements in
the Release are forward-looking statements that are made pursuant
to safe harbor provision of the Private Securities Litigation
Reform Act of 1995. Actual results, events and performance could
vary materially from those contemplated by these forward-looking
statements.
Contact:
Perla Group International Inc.
Phone:1-954-903-1966
Email: info@perlagrp.com
Melissa J. Diaz
South Street Media
Phone: 917-937-8968
Email: info@southstreetmedia.com
SOURCE Perla Group International
