Amplitech Group, Inc. AMPG – Big News Alert
First thing’s first- Amplitech has just dropped a fresh PR this morning in the premarket that we wanted to pass along to our readers. As we were just mentioning yesterday, this stock has made a solid 28% increase since we first began tracking it on April 1st (.043-.055), so we’re very interested to take a look at the key news update that has just been provided.
For a sum of just over $2M, AMPG has executed an acquisition of the business assets of privately-held, NY-based, microwave tech firm, Specialty Microwave Corp. (SMW), which boasts an average annual rate of $1.75M in sales over the past three years. A continuation of that trend following the final completion of the acquisition would nearly double AMPG’s 2018 sales! (>>View PR)
What this means for AMPG stock, which was already plenty attractive to us prior to learning of this development, is massive potential for more gains in the immediate future. Remember, we’re dealing with an incredibly tight share structure in AMPG, with just 22M shares in the float, so news of such an acquisition has the potential to be a springboard to a significantly higher PPS!
The deal is for all of SMW’s assets, customers, team members, and upon final completion in the next quarter, AMPG will move its own operations to SMW’s headquarters, just a few miles down the road from Bohemia in nearby Ronkonkoma, NY, and is expected to be wrapped up by July.
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