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Electron Solar Energy Announces Record Growth and Results for the Fourth Quarter of 2007
April 15, 2008
MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today its financial results for the quarter ended December 31, 2007. The Company voluntarily files detailed, quarterly reports on http://www.pinksheets.com and expects First quarter 2008 statements to be posted shortly.
For the Fourth quarter ended December 31, 2007, Electron Solar announced total revenues of approximately $337,406 compared to total revenues of $292,160 in the Third quarter of 2007 and $99,849 in the fourth quarter of 2006, representing increases of 15% and 237%, respectively.
The Company attributes increased revenues from new sales from free standing solar energy “Kit” systems, and new distributor partners in new territories. President and CEO of Electron Solar Energy Christopher Quinn, said, "We are so pleased to be continuing our trend of strong growth and new customer development. As before, added product availability, together with key new customers added enough volume for us to more than triple Q4 sales year over year. We are releasing new products for distribution every month, and we strive to build or assemble any component that we can to boost bottom line profit and supply chain availability. We also have a strong distribution network in place, which together with our Miami Based order fulfillment facility enable us to achieve fast turnarounds on orders, usually within 24 hours, from anywhere in the world. With our recently acquired wire and cable manufacturing facility, under an acquisition done in early 2008, we expect continued record growth and improved gross margins in 2008.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.
For investor relations, visit http://www.otcfn.com/esrg.
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