HENDERSON, Nev., April 23, 2015 (GLOBE NEWSWIRE) -- Strategic Rare Earth Metals, Inc. (OTC Pink:SREH) is pleased to announce today that the company has acquired Silverstone Auto Group based in Austin, Texas. This acquisition will immediately enhance the profitability outlook for the company and is projected to generate over 5 million dollars in revenue for fiscal 2015.
This is another example of the company's commitment to increasing shareholder value. The company is further pleased to advise shareholders that there is no toxic funding and no reverse stock split planned in the foreseeable future.
Additionally the company feels that, with this new acquisition the company is severely under-valued relative to our revenues and our price per earnings. Based on these new figures, we feel SREH would be properly valued at substantially higher than its current market price.
Bill Schaefer, CEO/President of Strategic Rare Earth Metals, Inc., stated, "The acquisition of a profitable company like Silverstone places SREH and our shareholders in a position to achieve maximum long-term growth."
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
CONTACT: Bill Schaefer, CEO/President 562-453-7643Source:Strategic Rare Earth Metals, Inc.