TUCSON, Ariz., Nov. 26, 2013 /PRNewswire/ — ABCO Energy, Inc. (OTC Markets – Symbol “ABCE”) announce the highest backlog of commercial and residential solar installation work in the history of the Company. Backed by substantial commercial financing availability, ABCO has been able to secure contracts that will carry the Company far into the 2014 year with profitable work.
Early in 2013, ABCO announced an exclusive contract with a USA based fund that would provide up to $50,000,000 for projects located in Arizona. This positive event allowed the company to secure several contracts through competitive bids and negotiated sales.
During April, 2013 we announced the Yavapai Apache signed contract for approximately $450,000. This contract is still open as we wait for tribal council partial funding finalization and US Government approval.
During August, 2013 ABCO announced a project with a prominent medical college in the amount of $1,783,000. This project is currently being constructed.
On November 22, 2013 ABCO announced the signing of a contract to install solar projects on four charter schools for an organization that owns 12 schools. This contract totals $1,100,000 and is fully funded. The installation work is just beginning and the other eight schools are now being considered for solar and lighting projects with ABCO.
ABCO has several residential contracts signed and under construction totaling over $250,000 at this date.
“The total of the contracts currently signed is in excess of $3,583,000 and more projects have been submitted for financing. This backlog exceeds our 2012 sales, which were $2.4 million, and is expected to grow before years end. All indications are that 2014 will start off solidly and continue to grow to a record year”, says Charles O’Dowd, President.
ABCO Energy Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Thermal Systems and installation of LED and energy conservation lighting systems in their markets. ABCO has offices in Tucson, Phoenix and Flagstaff, Arizona and offices in Manhattan, New York. ABCO provides products and services to residential, commercial, government and non-profit entities in all of their markets.
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-6 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 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.
SOURCE ABCO Energy, Inc.