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Stock impact report

Profire Energy Announces Loan Through Paycheck Protection Program

Profire Energy, Inc. (PFIE) 
Last profire energy, inc. earnings: 3/11 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: profireenergy.com/company/investors.html
Company Research Source: GlobeNewswire
LINDON, Utah, April 21, 2020 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (Nasdaq:PFIE), a technology company which creates, installs and services burner and chemical management solutions in the oil and gas industry, announced today it has obtained a $1,074,030 loan through Bank of America as part of the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act . “Over the years, our company has been able to withstand the impacts of economic slowdowns, price wars within the oil and gas industry and global disruptions. Fortunately, we have never had to operate in an environment in which all three occurred simultaneously,” said Brenton Hatch, Chief Executive Officer of Profire Energy. "COVID-19 has been a major contributing factor in the decrease in oil and gas demand over the past few months, as stay-at-home mandates and quarantines have shut down consumer activity and businesses across the world. This funding will serve as a bridge o Show less Read more
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