AAO.v is selling its product to USA Gov. Augusta Provides Sales Update
Toronto, Ontario--(Newsfile Corp. - January 3, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that it wholly owned subsidiary, Marcon International Inc. ("Marcon"), has entered into new agreements with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $297,432.98. The current backlog of orders, including these new contracts, is $1,842,857.64 as of December 31, 2017.
"The Corporation is pleased to enter in these new contracts as it is a reflection of the continued efforts and hard work of the Corporation's sales staff," stated Allen Lone, President of the Corporation. "The Corporation's sales efforts continues to result in increased sales and the Corporation will continue to focus on entering into additional contracts and developing additional relationships and opportunities with its existing clients."
The Corporation also announces its shareholders' meeting scheduled for January 12, 2018 has been postponed as the Corporation continues to finalize the terms and the mechanism for the proposed spinout of its wholly owned subsidiary, Fox-Tek Canada Inc. ("Fox-Tek").
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