Paymeon’s Basalt America Subsidiary Supplies its RockMesh® to its First Government Project
FORT LAUDERDALE, Fla., Feb. 24, 2017 (GLOBE NEWSWIRE) -- Paymeon, Inc. (OTC MARKETS:PAYM) today announced that its Basalt America subsidiary has supplied its RockMesh® concrete reinforcement product for delivery on its first government contract. The end customer, the City of Miami, will use the product in a new skateboard park currently under construction. Vincent L. Celentano, a Director and the Company’s largest shareholder said "Though it is a small project, relative to our goals of reinforcing all bridges, roads and commercial buildings in the future, I compare it to Neil Armstrong's famous words, ‘One small step for man, one giant leap for mankind.’ I see this as a catalyst and our gateway to other projects we are currently seeking out."
The first bridge to incorporate the Company’s suite of products is on the campus of the University of Miami. See the University of Miami’s Innovation Bridge video here. https://www.youtube.com/watch?v=xy3ISYNJfOI
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products and partnerships, as well as potential transactions the Company may be considering or may have closed. Such forward-looking statements are based on present circumstances and on PAYM's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations, reliance on representations from third parties that may not execute as planned, development of new markets, and other factors over which PAYM has little or no control. Such forward-looking statements are made only as of the date of this release, and PAYM assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by PAYM with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any securities. For additional information and potential risk factors, readers should review PAYM’s filings with the Securities and Exchange Commission, which can be found at www.sec.gov.
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Released February 24, 2017