LCTI Low Carbon Technologies International Inc. Update
December 09 2013 - 6:00AM
Marketwired
LCTI Low Carbon Technologies International Inc. Update
VANCOUVER, BC and HOUSTON, TX--(Marketwired - Dec 9, 2013) -
LCTI Low Carbon Technologies International, Inc. (PINKSHEETS:
LWCTF), a diversified company focused on the Clean-tech,
Construction, Energy & Energy Efficiency, Environmental,
Mining and Real Estate business sectors, announced today that
the company generated over $6 million in revenue in 2013, up 72%
from last year. We were EBITDA positive for the year, and achieved
$1.2 million in the fourth quarter alone.
"We have been able to significantly expand our customer base via
acquisitions. Moreover, these acquisitions provide us strong
recurring revenue and cash flow. Our strategy is to combine
these legacy operations with promising green technologies in our
portfolio that provide new revenue streams with significant upside
potential. Through this model, we are able to accelerate the growth
of these legacy businesses while de-risking new
technologies. Through this strategy, our portfolio companies
benefit from bringing together a proven management team with
industry experience; established sales/distribution channels; and a
stable business model with the ability to internally fund growth,"
stated CEO Bryan Scott Jarnagin.
About LCTI Low Carbon Technologies International Inc.
Safe Harbor
This news release contains forward-looking
statements. These statements fall within the meaning of the
Private Securities Litigation Reform Act of 1995 (the
"ACT"). Such statements are not historical facts; including
statements about plans and expectations regarding products and
opportunities, demand and acceptance of new or existing products,
capital resources and future financial results -- all
forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in
future periods to differ materially from those
expressed. These uncertainties and risks include changing
consumer preferences, lack of success of new products, loss of the
Company's customers, competition and other factors discussed from
time to time in the Company's filings with the Securities and
Exchange Commission. You can identify forward-looking
statements by terminology such as "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only
predictions. Other factors may cause the Company or the
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, including the
securities laws of the United States, the Company does not intend
to update any of the forward-looking statements to conform these
statements to actual results.
You should independently investigate and fully understand all
risks before making investment decisions.
For further information, please contact: Investor
Relations: David Waldman/Natalya Rudman Crescendo Communications,
LLC Telephone: (212) 671-1020 x304 Email: Email Contact
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