Permanent Technologies, Inc. engages two Retired Marine Colonels, to Assist to the Company in Pursuing Military Opportunities.
Sep 10, 2014
OTC Disclosure News Service
Colonel Robert Leary Sr. and Colonel Richard Coleman, both with over thirty years of Military experience, have joined Permanent Technologies as Advisors to Company. President Frederick Barry II: “Their mandate is to identify new sales opportunities and applications for the TineLok™ Vibration Proof Fastening System within the Government sector.”
Quincy, MA – September 10, 2014 – Permanent Technologies, Inc. (OTC Pink: PERT) announced that it has engaged two retired US Marine Colonels to assist the Company in supporting the current US Navy LCAC business operations and pursuing additional Military opportunities.
Colonel Robert Leary Sr. and Colonel Richard Coleman will start immediately in their role of Senior Advisors to Permanent Technologies.
“Both Colonel Coleman and myself are truly excited about joining Permanent Technologies,” said Colonel Leary. “We believe the TineLok™ vibration proof fastening system can be a breakthrough product, adding to reliability, maintainability and overall cost savings.”
“We’ve spent most of our adult lives in the Military, primarily in areas that manage programs and support the operations of weapon systems,” said Colonel Richard Coleman. “Colonel Leary and I are extremely comfortable introducing Tinelok’s™ patented technology throughout the Department of Defense. We believe in the military application of Tinelok’s™ vibration-proof technology and believe there are many applications of the Tinelok™ product lines,”continued Coleman.
Prior to joining Permanent Technologies Colonel Leary spent 30 years with the United States Marine Corps. He last served as Chief of Staff for the Third Marine Aircraft, a 750 person command headquarters with control of 51 subsidiaries comprising of 17,000 Marines and Sailors, 450 tactical aircraft, global deployment responsibilities, and an $860 million budget.
Colonel Coleman also spent 30 years with the Unites States Marine Corps. He last served as Chief of Aviation Logistics for the Third Marine Aircraft Wing where he planned, organized and directed the full spectrum of aviation logistics in support of one of the largest transformations of aircraft in Marine aviation. Colonel Coleman is noted for leading thousands of men and women through logistics supply chains and optimized the management of an approximate $10 billion dollars inventory.
“Permanent is always looking to add quality talent. We believe that the addition of Colonel Coleman and Colonel Leary can help generate sales with their capabilities, contacts, and industry knowledge. In fact, they have already found a number of new applications and begun the process of introducing Permanent Technologies and TineLok™ in these areas,” said Permanent Technologies President, Frederick Barry II.
“We believe that with the added Military expertise on our team, TineLok can become a better known choice for any fastening application where vibration is an issue,” added Mr. Barry.
About Permanent Technologies, Inc.
Permanent Technologies is the inventor and manufacturer of the TineLok Fastening System — a family of fasteners that are designed to hold tight in the most demanding, extreme and harshest conditions, environments and applications.
The TineLok Fastening System’s vibration-proof, self-locking technology is an affordable alternative to traditional fasteners when increased safety, reliability, operating life and reduced maintenance is desired or required.
The Company has been granted numerous patents both in the U.S. and internationally for the TineLok technology. Both TineLok and FaucetLok are trademarks of Permanent Technologies, Inc. For more information please visit www.TineLok.com.
This press release contains certain “forward-looking” statements that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such Forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete an acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company’s public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Permanent Technologies, Inc.
Frederick Barry II
phone: (617) 481-9531
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