Bohemia, July 31, 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 first $100,000 installment related to the $300,000 Securities Purchase Agreement dated July 9, 2014. Fawad Maqbool, CEO stated, "This financing will now enable the company to continue the development of several new products, as well as move forward on filing the patents necessary to secure our technologies. It's an exciting time for AmpliTech now that we have turned the corner with this more traditional financing agreement." 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
Media services by: Vitello Capital Ltd and S.T.A.T. Group LLC
Forward-looking Statements
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places in this
release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(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,"
"estimate," "anticipate," "believe," "intend," and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors.