TORONTO, Feb. 14, 2013 (GLOBE NEWSWIRE) -- PM&E, Inc. (OTC Pink:PMEA) announced today the steps in development of the distribution network in Russian Federation. The Company has launched work to set up and develop distribution of its solar power generation panels to retail and wholesale customers on the territory of Russian Federation and neighboring countries.
PMEA's wholly owned subsidiary Suncetix Inc. has started negotiations with Medium In Motion Inc., a Toronto-based subsidiary of Palladium Sorento group with head office in Moscow, Russian Federation, in order to explore the opportunity to secure exclusive right to sell market-ready solar power generation application in Russian Federation. As the date nears of the commercial launch into production, licensing, retail and wholesale formats of the Company's modular solar power application, Medium in Motion, Inc. noticed a great opportunity in this niche, as per words of Boris Sverdlov, President of Medium in Motion, Inc. "We are pleased to have an interest of one of the leading hardware distributors in Russia, said CEO Jack Merck, we will definitely consider the terms under which we can grant exclusivity to this firm, based on guaranteed performance by the Medium In Motion Inc."
Forward-Looking Statements
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