Puget Technologies (OTCBB:PUGE) begins to set 2014 revenue targets as
part of the executive team's visit to China and negotiations with
Weistek, an award-winning 3D printer manufacturer. Puget is set to
acquire the first order of 3D printers for the domestic U.S.consumer
Puget plans to unveil their unique line of high performance 3D printers
in the U.S. consumer market just as profits among technology companies
are expected to surge. Leveraging Puget's software platform, the company
plans to look for acquisition candidates that bring complementary
technologies and systems to expand the company's offerings upon the
execution of the Weistek agreement.
USA Today recently reported, "the outlook for the tech industry is a
rosy one," and describes estimates of profits among technology companies
in the S&P 500 index to be 9.3% higher than last year. The article goes
on to state that net income for tech companies is expected to climb
5.5%, which mirrors a broader U.S. trend for corporate operating profit
margins to reach an all-time high of 10% of revenues in 2014.
Commenting on these projectins, President and CEO of Puget Technologies
Ron Leyland said, "The favorable earnings forecasts among tech companies
along with the phenomenal growth projected for the 3D printer industry
makes our prospective relationship with Weistek very encouraging."
Weistek recently received the "Best Annual 3D Printer" award as part of
the "2013-2014 Global Interconnection Devices Top 10" ceremony at the
International Consumer Electronics Show in Las Vegas, the world's
largest technology event.
Details about Puget's 3D printer division can be found at http://www.pugettechinc.com.
About Puget Technologies (PUGE)
Puget Technologies is a publicly traded company on the OTCBB Market
stock exchange under the ticker symbol PUGE. Headquartered in Ft.
Lauderdale, Florida, Puget Technologies acquires, develops and sells
leading edge consumer oriented products ready for rapid
commercialization. Much of its resources are dedicated to research and
development in order to provide consumers with quality options while
meeting the expectations of its investors.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange act of
1934, as amended, including statements that include the words
"believes," "expects," "anticipates," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to differ materially from
those expressed or implied by such forward-looking statements. In
addition, description of anyone's past success, either financial or
strategic, is no guarantee of future success. This news release only
speaks as of the date of its distribution.
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