CGE Energy Officers and Management Release Update for Second Fiscal Quarter 2015
2015年11月11日 - 10:24PM
InvestorsHub NewsWire
CGE Energy (OTCPink:CGEI),
the leading engineer of no capital cost energy solutions, is
pleased to announce the following update.
Valued shareholders:
We write to you today, just a day
before the forthcoming reporting of our Consolidated Financial
Statement for the three-month period ending September 30,
2015.
As a debt free company, we are in a
unique position of tremendous financial flexibility. This puts us
100% in the driver’s seat as we are courting the right financial
institutions to take on necessary working capital to perfectly
accelerate our growth trajectory. We are now one quarter into our
strategic plan that began at the completion of the merger and that
lays out our milestones for the next one, three and
five-years.
Along with keeping lean
financially, we have focused on keeping overhead down by
outsourcing (with other strategic partners in the U.S.) services in
areas that do not affect our CGE Energy brand standards. One of our
competitive advantages lies within the proprietary financing
structures and no capital cost programs we have
developed.
Low overhead has also allowed us to
focus on responsible growth. This is in contrast to high-growth
companies like SolarCity (NASDAQ:SCTY).
These mammoth companies have such an infrastructure built upon
debt, they are now forced to slow growth and figure out how to cut
costs. Organizations that have chosen this path are very top heavy.
Rapid growth has many benefits, but this amasses massive debt that
inhibits profitability. We believe controlled growth is a stable
and sustainable business philosophy.
Our office expansions to Chicago,
Illinois and Grand Rapids, Michigan have been hugely successful,
and again, fit within our lean focus. These operations bring new
sales, added value and do not add to our overhead costs. Within the
next 18 months, CGE Energy is selecting six to ten additional
Energy Service strategic partners to broaden our sales force
nationwide to reach strategically located venues for our
proprietary programs and business models. We have selected these
venues, based on profitability in those regions and the significant
opportunities within.
CGE Energy currently has over
20,000,000 square feet of facility under “CGE Protect” service
contracts, with our 2-year goal being 100,000,000 square feet under
contract. CGE Protect is the new name for our previous R.A.M.P.
(Review, Analyze, Modify and Protect) lighting maintenance program.
This consolidates the brands and allows us to focus on building the
CGE Energy brand and identity.
Since our announcement of our
proprietary “CGE Sustain” program in August, we have provided over $60,000,000 in
proposals, at various stages of negotiation or installation. CGE
Sustain projects represent an important role in future of the
company and these contracts act as a 5-10 year reoccurring revenue
stream for CGE Energy.
With bank commitments to fund
programs that range from $100,000 to multi-million dollar projects,
we remove all barriers for our clients to get energy-related
capital improvement projects completed, all without a capital cost.
For a business owner, the wisest investment they can make in their
business is an investment they don’t have to put capital into or
have on their balance sheet. The client’s utility bill is lost
money and CGE Sustain allows the client to reallocate these
expenses, experience an immediate positive cash flow and turn lost
energy dollars into a profit center.
Our business model is to establish
long-term relationships with our clients, so that our mutual
success goals and project milestones are established and defined
before any engineering work is commenced by our
organization.
Companies must be a positive force
for change while also delivering for shareholders. This belief is
fundamental to our success. Through our distinctive business models
such as CGE Sustain and CGE Protect, powerful strategic
relationships with Cree® and leading solar companies, and
innovative technologies like our wholly-owned, patented
WIND•e20® wind
turbine, we have the “power to make a
difference.”
It is humbling to be part of
changing the lives of students, beginning in the Midwest. We are
privileged to soon be starting the installation of the
all-encompassing LED lighting projects at the Toledo-area YMCAs and
are soon unveiling the Net Zero Energy Experience at YMCA Storer
Camps.
Stay tuned and thank you for being
part of the vision.
Media
contact: Paul Schneider 248-446-1344, pschneider@cgeenergy.com
About CGE
Energy
CGE
Energy (OTCPink:CGEI) is the leading engineer of no capital cost
energy solutions. Headquartered in Brighton, Michigan, the company
integrates the optimal configuration of renewable energy and energy
efficiency technologies to meet their customers unique energy
needs. Today the company serves customers in the U.S. and abroad,
using energy technologies that include Cree® LED lighting, their patented
WIND•e20® wind turbine and leading solar
generation. http://www.cgeenergy.com
This press release may contain forward-looking
statements including statements regarding our expectations,
beliefs, intentions or future strategies that are signified by the
words “expects,” “anticipates,” “intends,” “believes” or similar
language. These forward-looking statements involve risks,
uncertainties and other factors. All forward-looking statements
included in this press release are based on information available
to us on the date hereof and speak only as of the date hereof. We
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events, or otherwise. Actual results to differ materially
from those projected in the forward-looking
statements.
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