BRIGHTON, Mich., Nov. 11, 2015 (GLOBE 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. 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 the 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.
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.