Bohemia, Aug. 26, 2014 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCQB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, and low noise amplifiers for critical and high-reliability, wireless and commercial applications, is pleased to announce that the Company received the second $100,000 installment related to the $300,000 Securities Purchase Agreement dated July 9, 2014. Fawad Maqbool, CEO stated, "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.
About AmpliTech Group, Inc.
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 - eventually, offering designs up to 100 GHz.
AmpliTech also provides consulting services to help with any
microwave components or systems design problems. Our steady growth
over the past 10+ years has come about because we can provide
complex, custom solutions for nearly ANY custom requirements that
are presented us. In addition, we have the best assemblers, wires,
and technicians in the industry and can provide contract assembly
of customers' own designs. Website: http://www.amplitechinc.com
About Microphase Corporation
Microphase Corporation designs, develops, and manufactures cutting-edge radio frequency (RF) 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.
Media services by: Vitello Capital Ltd & Strategic Tactical Asset Trading LLC
Forward-looking Statements
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(ii) trends affecting the Company's financial condition or
results of operations; (iii) the Company's growth strategy and
operating strategy. The words "may," "would," "will," "expect,"
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