Today marks the true inaugural trading session for the penny stock of AmpliTech Group, Inc. (AMPG), a technology company developing quality, state-of-the-art microwave amplifiers. With RF amplifiers and related subsystems that operate at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, and custom assemblies, this emerging growth company has not had any problems with selling their products as witnessed by their most recent 10-Q filing. Since certain holders of convertible promissory notes demanded to have their balances exchanged for shares of AMPG stock on February 15, 2013, volume must take place if they are ever going to get some cash for their $200,000 investment.
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AMPG Stock Quote
Market Cap: 7.80M
Last (July 9): 0.39
Issued and Outstanding: 19,994,863
Fawad Maqbool: 12,015,280
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Based out of Bohemia, NY and run by Fawad Maqbool, President and CEO, Amplitech Group is looking to become a premier designer, manufacturer and distributor of high quality and state-of-the-art cryogenic microwave amplifiers, RF designs and applications for Wireless Networks and the future of Wireless Communication. Advertising their products in various trade magazines such as Microwave Journal, Microwaves & RF and High Frequency Electronics, the Company has had little time to sit around and wait for orders to come in.
The Company does its business in 15 countries within North America, Europe and Asia, serving customers in industries such as aerospace, governmental defense, commercial satellite. Some of Amplitech Group’s customers are even established Fortune 100 corporations, such as Boeing Aerospace, NASA, Raytheon, Government of Israel, Ministry of Defense, and Mitsubishi Electronics.
For the year ended December 31, 2012, revenues increased slightly to $$996,995 compared to $906,829 for the year ended December 31, 2011, primarily from several larger orders from certain overseas customers for the sale of low power amplifiers units. For the 3 months ended revenues were already on pace to outperform 2012 after booking $309,183 for the 3 months ended versus $262,752 for the same period in 2012.
AMPG stock though, has yet to see the trading activity one would have expected having reported net income of $15,359 on their last 10-Q. You would think with a client base like they have, AMPG stock would have already been in the portfolios of dozens of savvy traders who are looking to amplify their capital gains tax due next year.
Now that it’s part of an increased awareness campaign, hopefully the note converters who are obviously partaking in the costs of bringing some fresh eyes to AMPG won’t be too aggressive in getting their money’s worth. For the most part, they own shares of AMPG stock at 0.10 per share, so seeing something better than 0.39 is in their best interest.
About AMPG Stock
AmpliTech Group, Inc. designs, engineers and assembles micro-wave component based amplifiers that meet individual customer specifications.
Last 5 Trading Sessions:
AMPG stock is fresh, clean and ready to be one of the better performing penny stocks as of the opening bell today. When looking for the next best OTC stock, AMPG has all the makings of what you would want to have. As long as some decent volume can be brought in today, AMPG could throw up some nice double-digit gains during the course of the trading session and perhaps even into tomorrow.
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