Powerdyne International Inc. Announces A letter to the Shareholders update.
North Reading, MA, May 14 , 2025 ( GLOBE NEWSWIRE ) -- Powerdyne International, Inc. (Ticker: PWDY) ("Powerdyne" and / or the “Company”) announces A Letter to the Shareholders Update.
Dear Shareholders,
We would like to thank all our shareholders for their patience and perseverance as Powerdyne International, Inc. (the “Company”, “Powerdyne”, “us”, “we”) continues to grow and evolve.
In the coming year, Powerdyne will continue our focus on two key objectives: up-listing PDI to OTCQB and expanding the company through internal growth, acquisitions, or mergers.
With the advancement of artificial intelligence (AI) and the initiative to repatriate manufacturing to the United States, CM Tech anticipates a heightened demand for its custom-designed motors. Although CM Tech does not currently supply the AI market directly, it provides motors for semiconductor equipment manufacturers who produce automated machinery for fabricating silicon wafers used in microprocessor chips. These chips are integral to AI, smart televisions, mobile phones, computers, and almost all smart devices. The AI chip market is projected to exceed $90 billion by the end of 2025 and to grow beyond $100 billion in 2026 and subsequent years.
Regarding CM Technology, we have been engaged by a prominent international corporation headquartered in the United States to collaborate on the custom design of a motor for their new product line. We have reviewed the design specifications, submitted preliminary designs along with price quotes, and are currently awaiting their feedback. We will keep you informed as further developments occur.
In January, we also engaged a highly experienced outside sales representative to enhance our business by expanding our current customer base and exploring new opportunities in other motor industries, such as medical devices, unmanned vehicles (UAVs), and other potential applications.
As mentioned in the October shareholder update, our goal of acquiring motor companies was to expand CM Tech’s market exposure to new sectors. We are also focused on growing our business through increased sales, which can be more cost-effective and less risk adverse. We will add critical staff to support exponential growth and eliminate redundant staffing to enhance profitability and increase shareholder value.
At the end of December, discussions resumed with a company regarding a potential acquisition. In late January, an NDA and a Letter of Intent to Purchase were signed. After reviewing their financials, it was determined that the company's profits did not justify the asking price. As a result, the Letter of Intent to Purchase was rescinded. Another non-disclosure agreement has since been signed with a new motor company, which is currently preparing their financials to meet the auditor’s requirements. Powerdyne will conduct a thorough due diligence to ensure any acquisition makes financial sense. With pre-approved funding still available, other potential acquisitions will continue to be explored.
We plan to present continued updates to the overall strategic plans for Powerdyne as we advance through 2025 and beyond. Our success hinges on sustaining conservative growth, managing costs effectively, and identifying additional companies that align with Powerdyne’s business model. Our objective remains the same to deliver maximum value and return on investment for our loyal shareholders through ongoing growth and profitability.
Yours sincerely,
Jim O’Rourke
Chief Executive Officer
Forward-Looking and Cautionary Statements
The use of the word “Company” or “Powerdyne” refers to Powerdyne International, Inc. and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. Statements contained herein that look forward in time that include everything other than historical information, involve risk and uncertainties that may affect the Company’s actual results, including statements relating to future investments, deployment of capital, growth, and creation of long-term stockholder value. These forward-looking statements can be identified by terminology such as “will,’ “expects”, “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Powerdyne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q. Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products and our financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (available at http://www.sec.gov). Powerdyne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc.A letter to the Shareholders update
Dear Shareholders,
We wanted to thank all our Shareholders for their patience and perseverance while Powerdyne International, Inc. (the “Company”, “Powerdyne”, “us”, “we”) works to grow the company for the future.
Over the upcoming months Powerdyne will continue our focus on two things, up-listing PDI to OTCQB, growing CM Technology business through Internal Growth and acquisitions or mergers.
With regards to CM Technology, we have had all our sample motors approved for production by the semiconductor manufacturer based out of Taiwan. We have just reviewed a shipping timetable with them and are awaiting the first of the purchase orders to arrive. As the election draws closer, we are starting to receive order increases from our current customers, which will start to show up in the fourth quarter and into the first quarter of 2025.
We have received a pre-approved funding commitment letter for any potential acquisitions. We had signed a non-disclosure agreement, received the financials for the motor manufacturing company, finalized the preliminary due diligence and were prepared to execute a letter of intent to purchase when the seller changed his mind. We have signed another non-disclosure with a new motor company; they are in the process of preparing their financials to the format that we require as a public company. As we stated in the previous shareholder update, Powerdyne will not rush into any agreements for the sake of acquiring a business. We will perform a thorough due diligence process to ensure the acquisition makes financial sense before an agreement is reached.
In addition, the company has hired a highly experienced outside sales representative to help cultivate the growth of our business through increasing our present customer base as well looking to expand into other motor industries such as medical, automotive etc. Since we have financing commitments in place, he has also begun searching for other potential acquisitions.
As we stated in the June shareholder update, the goal with the acquisition of these motor companies is to expand CM Tech’s market exposure to new markets that we currently do not service. With the acquisition or merger of a larger company, we will add the critical staff that will be required to support exponential growth as well as eliminate redundant staffing to further enhance the profitability of the combined companies, as well as greatly increasing the shareholders’ value.
With the ongoing emergence and growth of artificial intelligence (AI) we are anticipating and preparing for an increase in demand for CM Tech’s custom designed motors. Currently, CM Tech does not directly supply the AI market but supplies motors for semiconductor equipment manufacturers who produce and service the automated equipment that is responsible for making silicon wafers used in micro processing chips. These microchips are used in AI as well as in smart TVs, cell phones, computers, and virtually every smart device produced today. The AI chip market is expected to exceed $70 Billion by the end of 2024 and grow to $90 Billion in 2025.
We hope this update to our shareholders delivers a brief overview of what we have planned for Powerdyne as we progress through 2024 and years beyond. The key to our success will be to stay focused on conservative growth, controlling our costs as we continue to expand organically as well as looking for additional companies that could complement our Powerdyne business model. Once again, I want to thank all the Shareholders for supporting Powerdyne International, Inc. It is Powerdyne’s goal to provide the highest value and return on investment for our loyal Shareholders with continuous growth and profitability.
Yours Sincerely
Jim O’Rourke
Forward-Looking and Cautionary Statements
The use of the word “Company” or “Powerdyne” refers to Powerdyne International, Inc. and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. Statements contained herein that look forward in time that include everything other than historical information, involve risk and uncertainties that may affect the Company’s actual results, including statements relating to future investments, deployment of capital, growth, and creation of long-term stockholder value. These forward-looking statements can be identified by terminology such as “will,’ “expects”, “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Powerdyne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q. Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products and our financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (available at http://www.sec.gov). Powerdyne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries, CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Announces A letter to the Shareholders Update
North Reading, MA, June 28, 2024 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) ("Powerdyne" and / or the “Company”) announces A Letter to the Shareholders Update.
Dear Shareholders,
We wanted to thank all our Shareholders for their patience and perseverance while Powerdyne International, Inc. (the “Company”, “Powerdyne”, “us”, “we”) works to grow the company for the future.
Over the next six months Powerdyne’s focus will be on two things, up-listing PDI to OTCQB and growing CM Technology business through Internal Growth and acquisitions or mergers.
We have hired Kinsley Street Investors Group to assist in getting PDI listed on OTCQB. Since bringing Kinsley on board June 11th, the company’s share price has appreciated significantly in about two weeks. We will continue to work aggressively with Kinsley and other groups to get the stock up and over the $0.01 per share threshold so we can up-list to the more regulated OTCQB market.
With regards to CM Technology, we have started quoting large semiconductor equipment manufacturers in Texas and Asia and have started delivering more samples to the Asian Semiconductor Manufacturing Companies. In addition, we have executed a Non-Disclosure Agreement with an AI motor manufacturing company and have started preliminary due diligence so a proper letter of intent can be executed. We are also looking to potentially acquire additional companies in the future. As a side note we would like to assure all the shareholders that PDI will not rush into any agreements for the sake of acquiring a business. We will perform a thorough due diligence process to ensure the acquisition makes financial sense before an agreement is reached.
The goal with the acquisition of these motor companies is to expand CM Tech’s market exposure into new markets that we currently do not service. With the acquisition or merger of this larger company, we will add the critical staff that will be required to support exponential growth as well as eliminate redundant staffing further enhancing the profitability of the combined companies, as well as greatly increasing shareholders value.
With the ongoing emergence and growth of artificial intelligence (AI) we are anticipating and preparing for an increase in demand for CM Tech’s custom designed motors. Currently, CM Tech does not directly supply the AI market but supplies the motors to the semiconductor equipment manufacturers who produce and service the automated equipment that is responsible for making the silicon wafers used in the micro processing chips. These microchips are used in AI as well as in smart TVs, cell phones, computers, and virtually every smart device produced today. The AI chip market is expected to exceed $70 Billion by the end of 2024 and grow to $90 Billion in 2025.
We hope this update to our shareholders delivers a short overview of what we have planned for Powerdyne as we progress through 2024 and the years beyond. The key to our success will be to stay focused and conservative growth, controlling our costs as we continue to grow organically as well as looking for additional companies that could complement our Powerdyne business model. Once again, I want to thank all the Shareholders for supporting Powerdyne International, Inc. It is Powerdyne’s goal to provide the highest value and return on investment for our loyal Shareholders with continuous growth and profitability.
Yours Sincerely
Jim O’Rourke
Forward-Looking and Cautionary Statements
The use of the word “Company” or “Powerdyne” refers to Powerdyne International, Inc. and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. Statements contained herein that look forward in time that include everything other than historical information, involve risk and uncertainties that may affect the Company’s actual results, including statements relating to future investments, deployment of capital, growth, and creation of long-term stockholder value. These forward-looking statements can be identified by terminology such as “will,’ “expects”, “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Powerdyne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q. Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products and our financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (available at http://www.sec.gov). Powerdyne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
About Powerdyne International, Inc.
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Contact
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Begins Preliminary Talks with an AI Motor Manufacturer for a Potential Acquisition or Merger
North Reading, MA, June 18, 2024 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) announces the Company has begun preliminary talks with an AI motor manufacturer for a potential acquisition or merger.
Powerdyne announced today that the Company has begun preliminary talks with an AI motor manufacturer about a potential acquisition or merger with Powerdyne. According to industry sources by 2025, AI-related sales will account for at least 20% of the $130 billion market and is expected to reach $156 billion by 2029 with an annual forecasted growth rate of 4%. The Company seeks to strategically position itself to capitalize on this demand. James O’Rourke said, “this potential acquisition or merger would greatly increase our top line and potentially open up new market opportunities in the rapidly growing Robotics and Artificial Intelligence sectors”. James O’Rourke also added, “the Company would only enter a definitive agreement after a thorough due diligence process was completed”.
The Company wants to thank all the Shareholders for supporting Powerdyne International, Inc. It is Powerdyne’s goal to provide the highest value and return on investment for our loyal Shareholders with continuous growth and profitability. Powerdyne continues to evaluate additional acquisition opportunities in the artificial intelligence, semiconductor, and robotic markets.
About Powerdyne International, Inc.
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Forward Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Announces A letter to the Shareholders Update
North Reading, MA, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) ("Powerdyne" and / or the “Company”) announces A Letter to the Shareholders Update.
Dear Shareholders,
We wanted to thank all our Shareholders for their patience and perseverance while Powerdyne International, Inc. (the “Company”, “Powerdyne”, “us”, “we”) was being relisted on the OTC Markets. Since our relisting and our acquisition of Creative Motion Technology, we have had to navigate through the increased costs associated with acquiring a business while also being a public entity. We have also faced the challenges that come from the initial added costs of merging the business, setting up separate entities, as well as dealing with the growing pains associated with the addition of two new subsidiary companies to Powerdyne. With the entire relisting process and all the challenges presented now behind us the Company can begin to evaluate the necessary quarterly costs needed for maintaining the SEC reporting requirements, a cost which we have begun looking at ways of reducing. In addition, our team has started evaluating other opportunities to broaden the scope of our business and increase its profitability.
Frame One: We have addressed the current growth of Frame One by hiring additional staff who will be focused on setting up our Web presence, expanding our digital footprint through Website marketing, outside sales, as well as helping work through our current back log. This was something we were unable to do with our prior staffing levels. We are also looking to expand the Company through possible acquisitions when the opportunity presents itself and looks like an ideal fit. Frame One presently has enough equipment to support four or more additional store locations. We will utilize a hub and spoke model to expand Frame One’s operations, which is one central manufacturing site spreading out to new locations within a radius of our central manufacturing site located in North Reading, MA. Our search for new store front locations has begun to support this and as well as our current organic growth process.
CM Technology: CM Tech saw a temporary slowdown in releases during the 2nd QTR, due to supply chain issues with our customers. This issue is currently being resolved by our customers, and We expect to have a robust second half of the year based on the additional orders coming in.
With the ongoing emergence and growth of artificial intelligence (AI) we are anticipating and preparing for an increase in demand for CM Tech’s custom designed motors. Currently, CM Tech does not directly supply the AI market but supplies the motors to the semiconductor equipment manufacturers who produce and service the automated equipment that is responsible for making the silicon wafers used in the micro processing chips. These microchips are used in AI as well as in smart TVs, cell phones, computers, and virtually every smart device produced today.
CM Tech is now currently evaluating some local motor manufacturing companies as potential acquisition candidates which will increase our market presence in the medical, robotic, and unmanned vehicles sectors. In addition to providing new market opportunities, it would also provide the Company with additional experience in sales and technical support. CM Tech is also working to enter these markets on our own but doing it via an acquisition would save us time and capital since the gestion period is 6 months plus to get new products introduced into these markets.
Powerdyne International, Inc.: Once we establish the ability to self-finance projects, we will begin to redevelop our presence in Puerto Rico and possibly other Caribbean Islands, with the goal of being an independent power provider for businesses with power demands of one megawatt or less. Powerdyne will always continue to look for different areas of opportunity to continually grow and expand the Company and increase our shareholders value.
We hope this update to our shareholders delivers a short overview of what we have planned for Powerdyne as we progress through 2023 and the years beyond. The key to our success will be to stay focused and control our costs as we continue to grow organically as well as looking for additional companies that could complement our Powerdyne business model. Once again, I want to thank all the Shareholders for supporting Powerdyne International, Inc. It is Powerdyne’s goal to provide the highest value and return on investment for our loyal Shareholders with continuous growth and profitability.
Yours Sincerely,
Jim O’Rourke
Forward-Looking and Cautionary Statements
The use of the word “Company” or “Powerdyne” refers to Powerdyne International, Inc. and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. Statements contained herein that look forward in time that include everything other than historical information, involve risk and uncertainties that may affect the Company’s actual results, including statements relating to future investments, deployment of capital, growth, and creation of long-term stockholder value. These forward-looking statements can be identified by terminology such as “will,’ “expects”, “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Powerdyne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q. Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products and our financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (available at http://www.sec.gov). Powerdyne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
About Powerdyne International, Inc.
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Announces the Filing of its Form 10-Q for the Second Quarter 2023
North Reading, MA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) ("Powerdyne" and / or the “Company”) announced the filing of its Form 10-Q, and announced the financial results for its second quarter ended June 30, 2023.
Fiscal Second Quarter 2023 Key Highlights:
Revenues were $734,598.
Net loss improved to $89,734, as compared to $1,474,648, a 94.5% improvement over the prior six-month period.
Cash flow from operations improved to $33,135 from an amount used in operations of $203,637, a $236,772 improvement over the prior six-month period.
Powerdyne’s Chief Executive Officer, Mr. James O’Rourke, stated, “For the six months ended June 30, 2023, we delivered $734,598 in revenues. Our gross profit margins for the six months ended June 30, 2023, were 25.7% compared to the six months ended June 30, 2022, was 23.1% which the slight improvement in margins was due to increased sales volume providing for lower costs for inventory. With improved profitability and cash flows from operations, we were able to achieve these results despite a challenging economic environment with rising interest rates and inflation as the demand for our products continued to improve. Our positive results reflect our commitment to disciplined execution and operational excellence which have positioned us well for continued success.”
“The acquisition of CM Technology LLC and Frame One LLC places the Company in an excellent position for continued growth and expansion in the industrial robotics industry. The Company plans to provide additional news to the public and our shareholders in the near future,” Added James O’Rourke.
Forward-Looking and Cautionary Statements
The use of the word “Company” or “Powerdyne” refers to Powerdyne International, Inc. and its wholly owned subsidiaries. Certain statements in this press release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. Statements contained herein that look forward in time that include everything other than historical information, involve risk and uncertainties that may affect the Company’s actual results, including statements relating to future investments, deployment of capital, growth, and creation of long-term stockholder value. These forward-looking statements can be identified by terminology such as “will,’ “expects”, “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Powerdyne may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q. Current Reports on Form 8-K, in its annual report to stockholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products and our financial performance. The Company cautions that these forward-looking statements are further qualified by other factors including but not limited to, those set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (available at http://www.sec.gov). Powerdyne undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
About Powerdyne International, Inc.
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne go to: www.Powerdyneinternational.com
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Letter to The Shareholders.
North Reading, MA, April 12, 2023 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) announces a letter to our Shareholders.
Dear Shareholders,
We wanted to thank all our Shareholders for their patience and perseverance while Powerdyne International, Inc. (the “Company”, “Powerdyne”, “us”, “we”) was relisted on the OTC Markets. Our listing was completed on February 28, 2023, which allowed our shares to begin trading under the symbol (PWDY). Powerdyne has made major organizational changes, starting with two retirements from our management team Mr. Arthur Read, Executive Vice President and Director, along with Ms. Linda Madison Treasurer and Secretary to the Board of Directors. Both Arthur and Linda have been with Powerdyne since its inception, and I would like to thank them for their many years of dedicated service. Additionally, Robert Hemsen, Director retired, and John Falhaber Chairman of the Board has also retired and sadly, shortly thereafter due to health reasons passed away. I have remained as the Chief Executive Officer of the Company and have taken on the position as Chairman of the Board of Directors, and we will look to fill the vacated board seats in the near future. We expect to identify qualified Board of Director members that have the industry, financial and creative experience to ensure that we continue to enhance value to all our shareholders.
Powerdyne acquired Creative Motion Technology LLC and its subsidiary Frame One LLC on March 6, 2022. Creative Motion Technology LLC brings in revenues of $1.227 million dollars based on its 2021 audited consolidated financials. Creative Motion Technology LLC has no debt and has grown continuously since its inception. Powerdyne then separated the entities into their separate strategic business lines as wholly owned subsidiaries: CM Technology LLC and Frame One LLC, which will allow us to ensure that the financial results of each entity can be properly analyzed and evaluated by management, our board of directors and most importantly our shareholders.
CM Technology is a motor manufacturing company located in MA and has been in business since 2004. CM Technology manufactures motors used in industrial robotics providing custom built motors for propulsion and articulation with the focus on the semiconductor market.
Frame One is a custom picture framing business servicing the local market of interior decorators, artists, artist guilds, interior decorators/designers, photography studios, printing companies, high end art galleries, and museums.
We will ensure that Powerdyne’s profitability is increased by growing revenues and profits of our acquired entities CM Technology LLC and Frame LLC. We will be looking at opportunities for our Company to continue our internal growth, such as identifying new product lines, and we will continue to assess other profitable acquisitions that will increase shareholder value. Powerdyne is already looking at additional small motor manufacturing companies to acquire and store locations for Frame One.
Again, I want to thank all the Shareholders for supporting Powerdyne. Our goal is to provide the highest value and return on investment for our Shareholders.
Yours Very Sincerely,
Jim O’Rourke
Chief Executive Officer and Chairman of the Board of Directors
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne International go to: www.Powerdyneinternational.com
Forward Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International, Inc. announces the filing of its Form 10-K for 2022
North Reading, MA, April 05, 2023 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) announced the filing of its Form 10-K for 2022.
Powerdyne’s CEO, Mr. James O’Rourke, stated, “Our Form 10-K for the year ended 2022 demonstrates that the Company generated a substantial increase in product revenue of $1,158,566 (or 2,384% increase) over the prior year ended 2021. The increase is generated from the Company’s latest acquisition of CM Technology LLC and Frame One LLC. The acquisition of CM Technology LLC and Frame One LLC, places the Company in an excellent position for continued growth and expansion in the industrial robotics industry. The Company plans to provide additional news to the public and our shareholders in the near future.”
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne International go to: www.Powerdyneinternational.com
Forward Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com
Powerdyne International Inc. Announces it Has Resumed Trading Again
North Reading, MA, March 30, 2023 (GLOBE NEWSWIRE) -- Powerdyne International, Inc. (Ticker: PWDY) announced today that it has completed all the regulatory requirements and has resumed trading again under the ticker symbol PWDY.
Powerdyne’s CEO Mr. James O’Rourke stated, “with the company back up trading, and combined with the company’s latest acquisition now puts Powerdyne in an excellent position for future growth and expansion in the industrial robotics industry. The Company will have more exciting news and shareholder updates in the coming days and weeks.”
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.Powerdyneinternational.com) now consists of two wholly owned subsidiaries CM Technology LLC and Frame One LLC. CM Technology is a New England-based motor manufacturer which has been in business for over 19 years. CM Technology specializes in the design and custom building of industrial servomotors both brush and brushless motor designs. CM Tech’s current market focus is on the niche motor demands for low volume, high-quality cost-effective motors which are primarily used in industrial robotics for the semiconductor manufacturing industry. The motors that CM Tech currently has in production primarily provide the X, Y, and Z axis articulation in factory automation robots.
Frame One LLC is a custom picture framing shop located in North Reading, MA. Frame One has been in business since 2006 and brings with it a strong client base consisting of local schools, colleges, artist guilds, artists, interior decorators/designers, museums, photographers, art galleries and theaters.
For more information on Powerdyne International go to: www.Powerdyneinternational.com
Forward Looking Statements
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Contact:
Powerdyne International, Inc.
info@powerdyneinternational.com