Corporate Profile for PMI Construction Group Inc., dated Oct. 29, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Oct. 29, 1999
Company Name: PMI Construction Group Inc.
Address: 750 B. Street, Suite 3160
San Diego, CA 92101
Main Telephone
Number: 619/814-0937
Chief Executive
Officer: Bernardo Quintana
Chief Financial
Officer: Julio Calvo
Investor Relations
Contact: William McCrory
Business number: 619/814-0937
E-mail address: pmiconstruction@aol.com
Public Relations
Contact: William McCrory
Business number: 619/515-0200, 619/814-0937
Industry: Heavy Construction, Industrial Construction,
Urban Construction, Real Estate Development
Trading Symbol/
Exchange: OTCBB:PMIG
Market Makers: 1) Alpine Securities Corp. 2) Sharp Securities 3) Wien
Securities 4) Herzob Securities 5) H.M. Meyerson Securities 6) Knight
Securities 7) Hill Thompson Securities 8) Daragon Securities
Company description: PMI See Private Mortgage Insurance. Construction Group Inc.(PMI) is a construction/engineering company engaged in heavy and industrial construction; urban planning urban planning: see city planning. urban planning Programs pursued as a means of improving the urban environment and achieving certain social and economic objectives. and development; real estate construction and management; and heavy equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
PMI's successfully completed projects include steel structures, bridges, concrete infrastructures, portions of Mexico City's subway system, industrial plants, advanced telecommunication facilities and switching stations, exclusive condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. and apartment towers, and several hotels/motels, most recently the Krystal Express in Coatzacoalcos, Mexico, a $3.6 million, 124-room hotel delivered in August, on time and within budget. Current PMI projects in Mexico include a 1.26 million square-foot industrial facility in Celaya, Guanajuato; a-state-of-the-art aquarium in Cancun (Yucatan Peninsula); and in Cabo San Lucas Cabo San Lucas (popularly known as just Cabo) is a small city at the southern tip of the Baja California peninsula at , in the municipality of Los Cabos in the state of Baja California Sur, Mexico. (Baja): a $4 million, 80-house middle income development, an $800,000 contract for infrastructure in an exclusive golf course/residential development; and a $1.8 million middle-income housing project. In Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , PMI is in final stages of negotiation for an acquisition by exchange of stock of a heavy industrial construction company. Funded in 1994, PMI became public in March of 1999 through a Reorganization by Exchange of Stock with a Nevada public corporation, Intrazone Inc. Since its inception in 1994, PMI's revenues have increased from $.8 million in 1994 to $9.6 million in 1995; $10.6 million in 1996, $16.1 million in 1997, and in 1998, with an operating budget Noun 1. operating budget - a budget for current expenses as distinct from financial transactions or permanent improvements budget items, operating cost, operating expense, overhead - the expense of maintaining property (e.g. of $16.5 million, the company reported gross revenues of $17.1 million and gross income of $1.8. For the first six months of operations in 1999, management reports gross revenues of $8,143,000, with a net profit of $64,396. PMI's stock is currently traded on the OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "PMIG PMIG Programmers Minimal Interface to Graphics ." Since becoming public on March 29, 1999, PMI's stock has traded as high as 5-7/8 (3/31/99) and as low as 1-7/8 (10/8/99). |
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