Outlook for MPVC: Operating projections call for $14 million in 2015 revenue growing to $70 million by 2019, with net income projected by MPVC at $5.
Company President Craig Wiita states "The Analyst Report prepared by Patrick Murphy, CFA provides an excellent examination of MPVC and its multi-faceted ability to provide shareholder value due to its potential five income streams comprised of:
2) Public Fueling: Providing CNG to consumers from MPVC stations.
5) Joint Venture Fueling Stations: MPVC intends to work with existing service stations to install compressors and dispensers at existing sites with both parties earning a percentage of the CNG sales.
In the first stage, MPVC will be able to buy a 50% interest through a cash payment of $35,000 and by issuing 4.
The company stated that in the second stage, MPVC will raise its interest in the project to 70% by issuing a further 2.
The third and final stage enables MPVC to boost its interest to 80% through the issuance of further 5 million common shares and 2.