Amplitech Group, Inc. (OTCMKTS:AMPG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Amplitech Group, Inc. (OTCMKTS:AMPG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On January 22, 2018, Louisa Sanfratello and Henry Val were appointed as directors of Amplitech Group, Inc. (the “Company”). Also, on January 22, 2018, they both accepted such appointment.

Louisa Sanfratello, CPA, who had already been the Company’s Chief Financial Officer, has been an accountant servicing numerous clients in various industries since 1987. Her professional career began with the public accounting firm of Holtz Rubenstein & Co, where she gathered invaluable experience for several years and moved on to more challenging positions in both the public and private sector. She served as a Controller for The New Interdisciplinary School for over 10 years. Her responsibilities included overseeing the accounting department in addition to working directly with the NYS Department of Education. Ms. Sanfratello was also employed by the Make A Wish Foundation of Suffolk County as chief accountant working directly with the President and CFO. She serves on the Advisory Board as a financial consultant for the local chapter of the Down Syndrome Advocacy Foundation. She joined Amplitech, Inc. in 2012 as Chief Financial Officer, where she manages the company’s finances and SEC filings. Her responsibilities also include assisting the CEO in developing new business, maintaining operating budgets and ensuring adequate cash flow.

Henry Val is the CEO of TGI Power Group Inc. Prior to TGI, Mr. Val was a Managing Partner for Netter Capital Partners. He has over twenty-five years of experience in the financial markets ranging from trading global futures and equity markets, senior secured debt, convertible securities, private investments in public equities (PIPEs) and investing. Prior to forming Netter Capital Partners, Henry was a Partner with Delta Capital LLC, a boutique advisory firm, specializing in M&A, management consulting, turnaround situations and other advisory services. Mr. Val has over 30 years of hands on experience with large, small and startup bio/pharma, software, systems, power, oil and gas, media and renewable energy companies. He served as CEO, or similar level, of private and publicly traded companies, has established a consistently strong record of bringing high growth, fast turnaround, a return to profitability. He is a successful builder of performance-oriented teams and businesses. Mr. Val uses economic results to drive products and services in high value global markets. A “known” game changer, who generates best in class shareholder value to maximize the return on assets and investments. Mr. Val is able to discern the key products, markets, personnel and needs that minimizes time for a positive shareholder outcome. Mr. Val also served as CEO of Maxplanet Corp. and New Life Scientific Inc.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Appointment of officer and directors.


AmpliTech Group, Inc. Exhibit

To view the full exhibit click here

About Amplitech Group, Inc. (OTCMKTS:AMPG)

AmpliTech Group, Inc. designs, engineers and assembles micro-wave component-based amplifiers. The Company’s products consist of radio frequency (RF) amplifiers and related subsystems, operating at multiple frequencies from 50 kilohertz (kHz) to 44 gigahertz (GHz), including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters and custom assembly designs. The Company also offers non-recurring engineering services on a project-by-project basis. The Company offers the 18 to 40 GHz wide band low noise amplifier. It is designed mainly for wideband telecommunications, such as military and space applications and point-to-point radios, as well as test equipment. The Company’s products are supported by hybrid design topologies that create linear RF products that amplify and transform signals. The Company’s hybrid design topologies include Discrete Microwave Integrated Circuit (MIC) Pseudomorphic High Electron Mobility Transistor (PHEMT), and MIC and Low Noise MIC.

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