Totally Green Reports Third Quarter 2013 Results
(firmenpresse) - TORONTO, ON -- (Marketwired) -- 11/15/13 -- Totally Green, Inc. (PINKSHEETS: TLGN) ("TG" or the "Company"), an innovator in organic food waste processing and diversion, reported results for the quarter ended September 30th, 2013.
Total revenue was $168,092 for the quarter ended September 30, 2013, compared to $45,914 for the quarter ended September 30, 2012. ORCA service fees increased from $78,902 in the second quarter of 2013 to $114,901 for the third quarter 2013.
Q3 2013 continued to see substantial growth activity, as we installed 10 new ORCA machines on the Service as a Solution model.
The majority of the activity and revenues to date have been generated from the Toronto area, however we continue to deploy and shift resources to better support our launch into the U.S. market and are reviewing other possible U.S. locations for expansion. Initial results continue to be positive, and we are confident that this business model will be replicable in many other markets.
"The results from the Quarter continue to demonstrate the effectiveness of the operating model, as we have seen, for the second straight quarter, increases of 45% over the prior Quarter in ORCA service fees," said Shawn Dym, CEO of Totally Green. "The U.S. entry will continue to contribute more significantly to new ORCA machine placements, and ultimately our revenue base, as we continue to build out our resources in the U.S. market. We continue to identify other viable U.S. markets and look to launch in additional large U.S. markets in the coming months."
Totally Green, Inc. develops and markets the company's ORCA Green™ Machine. The ORCA (Organic Refuse Conversion Alternative) machine allows for rapid composting of most organic material in institutional and commercial end-user applications, after which the liquid compost is disposed of through the ordinary sewer system. The machine creates meaningful cost savings for customers while diverting food waste from landfills and reducing methane gas production. For more information, please visit .
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, the uncertainty of market trends, the competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.
Shawn Dym
Chief Executive Officer
Totally Green, Inc.
Tel 416-221-9066
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Datum: 15.11.2013 - 07:00 Uhr
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