LAS VEGAS, March 13, 2018 (GLOBE NEWSWIRE) — Via OTC PR Wire — Adama Technologies Corp. (OTCPINK:ADAC) announced today that they will bid on an additional $3,000,000 in new government contracts with at least $2,000,000 of that number being for US Military Defense contracts. The Company detailed their month-of-March bidding plan and strategy and their optimism regarding their ability to win these contracts.
Harold Tanner, President of Adama Technologies, stated, “Historically we have been very successful in winning these types of contracts simply because we have been building parts for military and defense contracts for a long, long time, over 50 years. When we are bidding on these contracts, the people we are working with already know us and in many cases have awarded bids to us previously and have seen our work and our ability to perform. Additionally, we have a great structure and system in place that allows us to keep our costs manageable and therefore our pricing on these contracts is always very competitive.”
The Company also pointed to several cost-cutting strategies that enable their price points to be what they believe are among the best in the country. Mr. Tanner continued, “We have employed numerous strategies to ensure our prices are always among the best. By having our own in-house engineering team, we have eliminated a very expensive line item that is often outsourced to a third-party firm. We also have a very committed labor force who has tremendous experience with these parts so our efficiency and speed are truly remarkable. Truthfully, there is no substitute for the fact we have been doing this for more than 50 years. Having recently become part of a publicly traded company I am thankful for the opportunity to tell our story to a broader audience.”
The Company reiterated a commitment to growth and continuing to be aggressive in pursuing new sales channels and additional defense contracts. Mr. Tanner concluded, “We have reached the point within our management, growth, infrastructure and strategic planning where we feel very confident in our ability to scale the business and really be aggressive in bringing in additional contracts and new revenue. Our team is doing an incredible job of streamlining operations, bringing on reliable subcontractors and phasing in additional third-party operators to allow us to grow at a much faster rate.”
The Company stated that they intend to keep the market readily updated via continued press updates as well as through the Company’s social media channels. As the bidding process is underway, the Company will continue to seek additional revenue opportunities in their commercial and retail outlets as well and plan to provide a more robust media update regarding their commercial sales division in the upcoming weeks.
About Adama Technologies Military Defense Operations
Adama Technologies completed the acquisition of Alpine Industries in November of 2016. Alpine Industries is a precision machining and aerospace manufacturing company. Since its inception in 1974, Alpine has manufactured several hundred aerospace landing gear components and other spare parts. Alpine continues to work as a US government contractor and currently holds over 15 US Military contracts with the majority of them with the US Air Force. Presently, Alpine manufactures such items as M1 Mine Clearing Blades, hypo-chlorination units, tow bridles, 60 ton jacks for the C5A, AIM-9 missile body trainers, numerous bolts and screws, drag links for the F-16 fighter planes, and many other landing gear parts. In addition to the US military, Alpine also manufactures parts for several private companies including parts for drilling components used in oil and water wells, roller-coasters, motorcycles, zip line parts, crash pads, and drilling carts.
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This release contains forward-looking statements that are based on beliefs of Adama Technologies Corp. management and reflect Adama Technologies Corp.’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect,” “plan,” “predict,” “may,” “should,” “will,” “can,” the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of Adama Technologies Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, Adama Technologies Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company’s filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance Adama Technologies Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company’s due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.