NEW YORK, Nov. 09, 2016 (GLOBE NEWSWIRE) -- Drone USA, Inc. (OTC:DRUS) (“Drone USA” or the “Company”), a developer and manufacturer of low altitude Unmanned Aerial Vehicles (“UAVs”) and related technologies, today announced that it has retained Global PMI Partners to provide acquisition integration advisory services.
Michael Bannon, Drone USA’s Chief Executive Officer, commented: “As a testament to the confidence we have in the growth of our business, the Company has retained Global PMI Partners to assist in the development and execution of our acquisition integration plan. In September, we announced the acquisition of Howco, an award-winning, profitable, premiere wholesale distribution company. With Global PMI Partners' assistance, we have been able to integrate Howco into our operations. We are currently working to devise a strategy that will increase workload and therefore revenues and profits for this segment of the Company. Global PMI Partners is experienced in guiding companies through the acquisition integration process, and, we believe, will assist our team greatly in the development of a repeatable integration approach to support maximum revenue and profit growth for the Company and our shareholders.”
Headquartered in Ghent, Belgium with a strong presence in Europe, Asia, and the Americas, Global PMI Partners specializes in providing corporations with merger and acquisition integration services and training to support the successful completion of national and cross-border corporate development. For additional information, please visit http://www.gpmip.com/USA.
“We are delighted to add Drone USA to a distinguished list of worldwide companies that benefit from our advisory services,” said Stefan Hofmeyer, Partner at Global PMI Partners in San Francisco. “We understand the complexities and risks of doing M&A across national, cultural and linguistic boundaries and look forward to assisting Drone USA with the development of their integration plan for any businesses they acquire.”
About Global PMI Partners
With offices in 14 countries and a presence in most major business markets, Global PMI Partners provides M&A integration expertise and senior execution resources to maximize corporate development potential.
About Drone USA, Inc.
Headquartered at One World Trade Center in New York, NY, Drone USA plans to become a primary developer and manufacturer of low altitude unmanned aerial vehicles (UAV) and related technologies. Target markets include select defense segments (military), public safety (police, fire, emergency response), and high growth commercial applications such as agriculture, photogrammetry, mining, utilities, and entertainment. The Company seeks to strengthen its systems portfolio by acquiring UAV firms with superior technologies that are proven in high-growth markets, as well as complementary technologies such as sensors and software.
For additional information about Drone USA, please visit www.droneusainc.com.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans,” “anticipates,” “expects,” “believes” or similar words of like kind. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in the company’s business plan and filings with the OTC Markets Group.
CONTACT: Michael Bannon Chief Executive Officer mike@droneusainc.com Dennis Antonelos Chief Financial Officer dennis@droneusainc.com
