Perla Group International and Elm Technologies complete reverse merger
Perla Group International Ltd, an emerging leader in the international military, police and security solutions sectors, and Elm Technologies Inc (ETGS:PK), a publicly listed developmental stage company, today announced the closing of a reverse merger of the two companies. Elm Technologies will change its name to Perla Group International, and it will be the surviving entity with Perla Group International Ltd as a wholly owned subsidiary. The company will continue to trade under the stock symbol (ETGS:PK), but has applied for a name change. Perla Group International will be headquartered in Ft. Lauderdale, Florida with regional offices in Dubai, UAE, and Kabul, Afghanistan. The Company plans to establish offices in Melbourne, Australia, and Lagos, Nigeria early in 2011. Perla Group International was founded in 2007 in the UAE by entrepreneur, Charles D’Alberto, after having established himself in the market with a reputation of being first to market with innovative, “best of breed” products and services. “Ours is a true story of a company founded in the Middle East that is on track for globalization,” said D’Alberto, CEO and founder of Perla Group International. “We were able to capitalize and secure lucrative projects in only the first few months of operation. This lead to an immediate recognition of the Perla Group brand and lead to the rapid growth and development of our various operating companies.” Through its four, wholly owned subsidiaries, Perla Group International offers leading edge products and services in aviation, telecom, armoured vehicles and K-9 services in the burgeoning military, police and security sectors. The company’s subsidiary,Perla Telecoms Group has positioned itself as a total ‘turnkey’ solutions developer and provider. It will remain independent as to have the ability to work with the many leading services providers in the industry. From large telecommunications companies to small SME’s, network integrators, military customers, and any company wanting a specialist solution or product. Perla Aviation operates primarily in the Middle East. The division provides a host of aviation services include charters, sales and leasing of aircraft; aircraft repair and maintenance. Perla Aviation is the exclusive distributor for the AK1-3 helicopter known industry wide as the finest two seat helicopter available. Perla Armoured Cars specializes in armoured VIP Mercedes Benz, as well as 4 x 4’s, Armoured Passenger Cars (APC), Cash in Transit, Buses and All Terrain Vehicles (ATV). The division has recently secured direct supply contracts with the US military, and has plans to expand rapidly with a view to investing in manufacturing facilities in both the Middle East and the USA. Perla K-9 Services – Through the world renowned Von Forell facilities in Melbourne, Australia Perla offers the finest breed dogs trained under the best in the industry. Perla K-9 services are utilized by law enforcement and as detection dogs. They conduct training seminars as well as tactical, anti-terrorism and security training services. “We believe this merger establishing Perla Group as a public entity will provide the company enhanced access to capital markets and create greater value not only for our current shareholders but those of Elm Technologies,” said D’Alberto, “While the scope of our business is worldwide, our growth plans call for aggressive efforts in North America in particular for the industry leading AK1-3 helicopters. Moreover, we will be well positioned to take advantage of the current unprecedented military contracts that are being procured by the US and Middle Eastern countries.” D’Alberto said that although the company’s divisions operate independently they work together quite often and cross pollinate as customers of one division are quick to take advantage of products and services of another. “We are very excited about the Elm merger with Perla Group International,” said Jennifer Martin, a spokesperson for Elm Technologies Group, Inc. “For the past several months we had been considering several candidates for a reverse merger or acquisition that would benefit from our broad base of shareholders and presence in the US public capital markets. Perla Group’s dynamic group of companies will provide a powerful, diversified international base of businesses. We look forward to assist Mr. D’Alberto, the new CEO and his team in growing the combined company. "
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