Aug. 25 at 1:49 PM
$CJMB $CJMB Gem Potential 💎
Callan JMB has issued multiple significant press releases in the month of August; including the formation of their new energy focused subsidiary Callan Power.
Joint Ventures with Alabama State University:
- Atlas Complex; a center for pharmaceutical manufacturing and medical logistics.
-
$60 Million advanced electrical manufacturing venture in Brewton, AB
The Atlas Complex joint venture alone is expected to annual gross revenues of
$500 Million for the partnership. Callan JMB is entitled to receive a 21% participation in the venture, which could represent approximately
$105 million in revenue for the first year and over
$400 million in revenues over the five-year agreement.
In addition to these major ASU joint ventures, the company is also acquiring Oil & Gas assets from Reger Oil, Inc. This move includes naming Michael Reger the President of Callan Power. Michael Reger was a former CEO and Founder of
$NOG; market cap of nearly
$3 Billion.
