Perla Group International, Inc. upgraded earnings guidance for the year ending December 31, 2012. With a potential merger for their aviation division projected to bring in an additional $6 million in sales revenue, and additional contracts coming in for the rest of the year, the company could be on track to report total revenues for fiscal 2012 in the range of $15 million, and this being very conservative. If the company uses the same formula as the company has for projecting its current valuation, then 20% of $15 million comes out to potential $3 million in net income profit. If the company based this on say 300 million outstanding to take into account any future dilution in 2012, the company comes out with a rough EPS projection of around $0.01 per share. On a conservative PE of 10 to 15, that would give PERL an estimated target for 2012 in the range of $0.10 to $0.15 per share.