AmpliTech Group, Inc. (OTC: AMPG) said that the company received the second USD100,000 installment related to the USD300,000 securities purchase agreement dated July 9, 2014.
Fawad Maqbool, CEO said, “We have used the funds to continue development of our new products and plan to expand sales by adding a comprehensive marketing plan that includes additional trade shows, joint ventures with synergistic suppliers, improved website, on-line and print advertising as well as key customer visits. We also plan to work with our investor Microphase to develop joint marketing strategies to increase cross-platform sales and products. We had a profitable second quarter, barring non-cash expenses, and endeavor to increase sales and profitability into next year and stay on track with our goals for growth and capitalization.” View the video “AmpliTech on TV” to learn more about AmpliTech.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the domestic and international, SATCOM, space, and military markets. These designs cover the frequency range from 50 kHz to 40 GHz. Its website is at http://www.amplitechinc.com.
Microphase Corp. designs, develops, and manufactures cutting-edge radio frequency and microwave and millimeter-wave signal processing and signal conditioning components, subsystems and assemblies comprising both standard and application specific integrated products for the defense electronics and aerospace, commercial communications, and homeland security, markets worldwide. The company was founded in 1955 and is headquartered in Norwalk, Connecticut.