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Fiscal 2022 Income Will increase 32 P.c to $3.5 Million as In comparison with $2.7 Million Final 12 months
Fiscal 2022 Internet Revenue After Taxes of $289,000 as In comparison with a $302,000 Internet Loss Final 12 months
ALGONA, IA / ACCESSWIRE / December 29, 2022 / American Energy Group Company (“APG”) (Pink:APGI) has filed its Annual Report for the fiscal 12 months ended September 30, 2022 immediately with the OTC Markets. The report is on the market for assessment and obtain on the OTC Markets web site (www.otcmarkets.com) or by contacting Chuck Coppa, CEO/CFO at ccoppa@apgdualfuel.com.
About American Energy Group Company (www.americanpowergroupinc.com)
American Energy Group’s subsidiary, American Energy Group Inc., (“APG”), supplies cost-effective different fueling options for diesel engines to considerably scale back methane standards pollution and assist speed up a low-carbon future. APG’s Twin Gas conversion know-how is a singular patented {hardware} and software program answer that allows high-horsepower diesel engines to securely displace as much as 65% of diesel gas with pure gasoline. Engines geared up with APG’s Twin Gas know-how can use renewable pure gasoline (RNG), compressed pure gasoline (CNG), liquefied pure gasoline (LNG), captured flare-stack methane and conditioned well-head gasoline leading to decrease price, decrease carbon, and decrease standards pollutant emissions. Moreover, APG’s Twin Gas conversion know-how stays absolutely appropriate with eligible biodiesel blends and renewable diesel fuels additional decreasing a diesel engine’s carbon footprint and supply customers with a confirmed regulatory compliant know-how to satisfy their Environmental, Social and Company Governance (“ESG”) goals.
Warning Relating to Ahead-Trying Statements and Opinions
The issues described herein include forward-looking statements and opinions, together with, however not restricted to, statements regarding excellent twin gas conversion quotes for $4 million + and our potential to show these quotes into precise orders. These forward-looking statements and opinions are neither guarantees nor ensures however contain dangers and uncertainties which will individually or mutually impression the issues herein, and trigger precise outcomes, occasions, and efficiency to vary materially from such forward-looking statements and opinions. These threat elements embody, however are usually not restricted to, the truth that we could not be capable to convert the $4 million+ of quotes into precise orders, the very fact our twin gas conversion enterprise has misplaced cash in prior fiscal years and the chance that we could require extra financing to develop our enterprise, the truth that we depend on third events to fabricate, distribute and set up our merchandise, we could encounter difficulties or delays in growing or introducing new merchandise and preserving them in the marketplace, we could encounter lack of product demand and market acceptance for present and future merchandise, we could encounter adversarial occasions or financial situations, we function in a aggressive market and should expertise pricing and different aggressive pressures, we’re depending on governmental rules with respect to emissions, together with whether or not EPA approval can be obtained for future merchandise and extra purposes, the chance that we could not be capable to shield our mental property rights, elements affecting the Firm’s future revenue and ensuing potential to make the most of its NOLs, the truth that our inventory is thinly traded and our inventory worth could also be risky, and the truth that the train of inventory choices and warrants will trigger dilution to our shareholders. Readers are cautioned to not place undue reliance on these forward-looking statements and opinions, which communicate solely as of the date hereof. Besides as required by regulation, the Firm undertakes no obligation to launch publicly the results of any revisions to those forward-looking statements and opinions that could be made to mirror occasions or circumstances after the date hereof or to mirror the prevalence of unanticipated occasions.
Investor Relations Contact:
Chuck Coppa, CEO/CFO
American Energy Group Company
781-224-2411
ccoppa@apgdualfuel.com
SOURCE: American Energy Group Company
View supply model on accesswire.com:
https://www.accesswire.com/733586/American-Energy-Group-Information-Fiscal-2022-Annual-Report-with-the-OTC-Markets-Group
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