Adama Technologies Corp Bidding 13 New Government Defense Contracts
Las Vegas, NV (FSCwire) - Adama Technologies Corp. (OTCPINK: ADAC) announced today that it is in the process of actively bidding on 13 new government defense contracts, including 6 contracts with foreign governments and 7 new US military defense contracts. The company cited the Trump Administration and their focus on rebuilding the military as one of the primary factors in driving these new defense contract opportunities.
Mr. Keith Rosenblum, executive director of Adama Technologies commented on these recent updates, “President Trump and the new Administration have placed a lot of focus on rebuilding our depleted military with new and updated equipment. President Trump is also very determined to accomplish this rebuild with a very budget conscientious mindset. These two factors are creating a major opportunity for us, as a proven government contractor with more than 40 years of experience and as a lean manufacturer, we are poised to pick up a tremendous amount of business.
Speaking on Monday, February 6, 2017 at MacDill Air Force Base in Tampa, Florida, President Trump stated, “We will make a historic financial investment in the armed forces of the United States and show the entire world that America stands with those who stand in defense of freedom.” During the speech the President went on to say, “We’re going to be loading it up with beautiful new planes and beautiful new equipment, you’ve been lacking a little equipment. We’re going to load it up — you’re going to get a lot of equipment.”
President Trump also used the speech to highlight a decision by Lockheed Martin (NYSE: LMT) to cut the price on a new contract for 90 of the radar-evading F-35 Fighter Jets. Mr. Rosenblum commented on these recent comments by the President, “Our new Commander-In-Chief has committed publicly to rebuild the military and is focusing on many of the programs that we are already involved in the manufacturing. This fact, along with the focus on cost cutting measures, makes us a strong contender for many of these contracts. We fully believe we will be the recipient of many of these orders.”
Adama Technologies Corp. also stated in the announcement that they have also increased their revenue projections for the month of February by 15% from $130,000 to $150,000. The company cited increased orders from existing customers as the primary reason for the revenue increase.
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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.
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Source: Adama Technologies Corp. (OTC Pink:ADAC)
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