Good afternoon Elite Traders Group, welcome to all our new members.
We wanted to mention that ATCH, AirTouch Communications, Inc. has received 2 million dollars in funding for manufacturing it's SmartLinx products to fulfill current orders. AirTouch hit a high of .95/share today and has a 52 week high of $3.50/share.
NEWPORT BEACH, Calif., Oct 25, 2012 (GlobeNewswire via COMTEX) -- AirTouch(R) Communications (OTCQB:ATCH) (http://www.airtouchinc.com), a supplier of innovative wireless telecommunications devices, today announced a capital infusion in the amount of $2,000,000 by a non-affiliate, accredited investor. Details of the financing were announced in the company's 8K filing on October 24, 2012.
We are extremely pleased to have this additional capital to fund the production of new purchase orders for our SmartLinX(TM) product line. We believe that this new capital will allow us to accelerate the timetable for delivery of the SmartLinX(TM) products as well as to facilitate future growth for our Company," stated Hide Kanakubo, CEO, AirTouch. (read the full press) http://www.otcmarkets.com/stock/ATCH/news
(OTCQB: ATCH) has 4.7 million dollars in stockholders equity and some serious revenues and even higher anticipated revenues of 9 million dollars next year. With just under 20 million shares outstanding. AirTouch Communications, Inc. value at 10x earnings is around $2.25/share, that's over 200% it's current price per share.
We feel the timing is right to start your due diligence on ATCH.
Always getting you the best emerging growth companies in the OTC Market FIRST before the crowd,
The Team at FPP
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