LOS ANGELES, Feb. 28, 2007 (PRIME NEWSWIRE) -- API Nanotronics (OTCBB:APIO) Analyst Report update from IPOdesktop.com includes updated annualized revenue run rates as a result of the National Hybrid acquisition.
-- As a result of the National Hybrid acquisition, APIO's annualized
revenue run rate doubled, to $30 million
-- By the fourth quarter of calendar 2007, management anticipates a
revenue run rate of $50 million, based on organic growth and one
more acquisition
REPORT LINKS
IPOdesktop research report update: http://www.gaskinsco.com/linkto-apio-update.shtml
Original report: http://www.gaskinsco.com/linkto-apio.shtml
About API Nanotronics (http://www.apinanotronics.com)
API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems and Keytronics, is engaged in the manufacture of electronic components and systems for the defense and communications industries. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships off-the-shelf and custom designed products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, Connecticut and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain.
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