ABCO Energy, Inc, (OTC PINK: ABCE ) December 21, 2017, Tucson, Arizona, announced today that they have accumulated an $1,756,000 of booked sales for 2017. Our residential sales were approximately $1,296,000 and our commercial sales totaled approximately $460,000 for the 12 months. Total sales for the year 2017 will be adjusted for current work in process as part of our annual audit which will be completed prior to April 15, 2018. Our booked sales increased by 218% over the same period in 2016.
Our backlog of current unfinished work totals approximately $405,000 and consists of both residential and commercial projects to be finished next year. This backlog of work will provide ABCO a healthy beginning for 2018 which will be completed and reported in the first quarter of 2018.
According to Charles O’Dowd, President of ABCO Energy “We are very proud of our growth in sales and have worked very hard to make this happen in 2017. ABCO also has a pipeline of larger commercial jobs already in the proposal stage which we believe will result in signed contracts in 2018 to supplement the initial 2018 backlog. This pipeline and our backlog is promising a strong year. We will continue to pursue sales of larger commercial solar projects to supplement our residential work. ABCO also has new contractual relationships with three new third party financiers that will help sales by providing us with financing for our customers we may have lost in the past due to lack of financing.
We plan on 2018 to be a banner year for us and our aggressive sales approach should carry this through. We have added two new professional sales persons during 2017, one for residential and one to focus on the solar air conditioning business of ABCO”.
Safe Harbor Statement Note: Certain statements in this news release may contain “forward-looking” information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
Charles O’Dowd, President