Global Auto-Trade Group PLC
GATG’s subsidiary won government contracts for around 1 million euro
Global Auto-Trade Group PLC / Key word(s): Contract/Sales Result Announcement Global Auto-Trade Group Plс GATG’s subsidiary won government contracts for around 1 million euro “GATG” or “the Company” October 14, 2014 The GATG Board of Directors is proud to announce that the Company participated in major industrial tenders during September and successfully won several of the contracts with a total value of around EUR 1m. The Company now works to complete all operational preparations to fulfill the new orders in time, which is expected to realize in Q4/2014 still. 80% of the new won orders are government tenders. Due to its market position the Company wins around 20-30% of all state tenders in the industry at this point, but expects to increase this number with a further improved financial position. In the frames of the signed contracts, Company will deliver 12 utility machines and six motor graders to the USAID the Agency for International Development, an auto grader to the Mayor’s Office of Carpineny town, a special car to a Lift Service Organization and several loaders JCB 3CX to three private organizations operating on the Moldavian market. The won tenders are highly profitable and will ensure substantial revenue increase for the 2014 business year. Management expects further announcing of another tenders results with a value of around EUR 500k and continues to actively participate in all industrial tenders on the operational market to maximize its revenue stream along with the retail trading activity. The directors will keep the market informed as is required by market transparency rules. Enquiries: Global Auto-trade Group PLC The Directors of the Company accept responsibility for this announcement. About Global Auto-Trade Group Plc 14.10.2014 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Global Auto-Trade Group PLC | |
12 Mount Havelock | ||
IM1 2QG Douglas | ||
Isle of Man | ||
Phone: | +44 (0)1624 618444 | |
Fax: | +44 (0)1624 618555 | |
E-mail: | ir@globalautotg.com | |
Internet: | www.globalautotg.com | |
ISIN: | IM00B6R6T382 | |
Listed: | Foreign Exchange(s) GXG | |
End of News | EquityStory.RS, LLC News-Service |
291537 14.10.2014 |