Category: stock

ABCO Energy Announces Results of Operations for September 30, 2021

Posted: December 24 2021

Tucson, Arizona–(Newsfile Corp. – December 21, 2021) – ABCO Energy, Inc (OTC Pink: ABCE) announced that they had filed their mid-year 10Q report with the SEC and it was posted on the EDGAR System website. The results of operations reported therein shows that sales increased to $998,228 for the nine months ended September 30, 2021 compared to the $768,133 for the same nine months period ended September 30, 2020. This is an increase of $230,095 or 30% above the 2020 sales. The Solar sales revenue in 2021 and 2020 reflected seasonal and changing market conditions in the financing of solar installations in the Arizona markets and the effects of the COVID-19 Pandemic.

ABCO’s cost of sales for the nine months ended September 30, 2021 and 2020 was $619,173 and $715,739 respectively. Gross margins were 38% of revenue for the nine months ended September 30, 2021 compared to 7% of revenue for the nine months ended September 30, 2020. During 2021 and 2020, the Company has been offering new products and revenue from solar system management services has picked up and has added higher gross margins than usual.

The combination of significantly greater sales and higher profit margins decreased the net losses for the nine months ended September 30, 2021 to $(318,563) as compared to $(602,875) for the nine months ended September 30, 2020, respectively. This is an improvement of $284,312 for the better.

“We are very proud of our production and sales staff for the accomplishments for the nine months of 2021,” says David Shorey, President. “Especially because we are still locked in the horns of the COVID-19 pandemic.”

About ABCO Energy

ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

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.

Contact ABCO ENERGY: info@abcoenergy.com, Phone 520-777-0511

ABCO Energy Announces Results of Operations for June 2021

Posted: October 19 2021

ABCO Energy, Inc (OTC Pink: ABCE) Tucson, Arizona (October 19, 2021) announced Tuesday October 19, 2021 that they had filed their mid-year 10Q report with the SEC and was posted on the Over The Counter Markets website.  The results of operations reported therein shows that sales increased to $768,399 for the six months ended June 30, 2021 compared to the $522,031 for the same six months period ended June 30, 2020.  This is an increase of $246,368 or 47% above the 2020 sales. The Solar sales revenue in 2021 and 2020 reflected seasonal and changing market conditions in the financing of solar installations in the Arizona markets and the effects of the COVID-19 Pandemic.

ABCO’s cost of sales for the six months ended June 30, 2021 and 2020 was $453,439 and $434,320 respectively.  Gross margins were 41% of revenue for the first six months ended June 30, 2021 compared to 17% of revenue for the six months ended June 30, 2020.  During 2021 and 2020 we have been offering new products and have found our market prices for steel parking structures have added gross margins higher than usual.

The combination of significantly greater sales and higher profit margins decreased the loss for the six months ended June 30, 2021 to $(49,183) as compared to $(371,205) for the six months ended June 30, 2020, respectively.  This is an increase of $322,022 or 42% of sales revenue.

“We are very proud of our production and sales staff for the accomplishments of the first six months of 2021,” says David Shorey, President, “especially because we are still locked in the horns of the COVID 19 pandemic.  We also have many accolades for our administration staff who have maintained our stock price over the past three months.  This has positioned us to once again qualify for a listing on the OTCQB in the near future”.

About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services.  ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona.  ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

Safe Harbor Statemen
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.

 

Contact ABCO ENERGY: info@abcoenergy.com Phone: 520-777-0511

ABCO Energy Announces Completion of Reverse Stock Split

Posted: January 7 2021

ABCO Energy, Inc, (OTC PINK: ABCED) January 7, 2021, Tucson, Arizona, announced that the Company has completed its 170 for 1 reverse stock split on its common shares and the result has been that our shares have been quoted over the $.04 price for the first time in nearly two years. We believe that now the share price will begin to reflect the value of the Company’s efforts to increase sales and profits and show its maturity as a survivor in the public marketplace.

The Company has added new product lines to introduce to our current and new customers such as the following:

Commercial project solar array maintenance programs
Solar array power washing services
Solar powered and electric Pigeon and bird deflection products – Pigeon Off
Portable power generation products
Solar powered air conditioners – mini split

These products can be viewed on our website where more information is available.

“Though none of these products are new to the industry, they add to our portfolio for sales and service. The residential and commercial markets for solar are improving and we have a great deal of hope to be back to our pre-Covid19 sales levels sometime this year” said Mr. Shorey, the acting president. “We are all working very hard and looking forward to the vaccinations reaching our staff.”

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.

CONTACT INFORMATION: David Shorey Email: info@abcoenergy.com

2505 N.  Alvernon Way, Tucson, AZ 85712
Phone: 520-777-0511 Fax: 520-620-5574 Website: www.abcoenergy.com

ABCO Energy, Inc. Announces 1-for-170 Reverse Stock Split

Posted: November 25 2020

TUCSON, AZ, November 23, 2020, ABCO Energy, Inc., (OTCPK: ABCO; “ABCE” the “Company” or “we”), today announced a reverse stock split of its shares of common stock at a ratio of 1-for-170. The reverse is necessary due to the extreme increase in the number of outstanding shares created by the convertible debenture conversions and sales over the past nine months resulting in 2,687,999,095 shares outstanding.

The Reverse Stock Split is expected to become effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace at the open of business on or about January 15, 2021 (the “Effective Date”), whereupon the shares of common stock will begin trading on a split adjusted basis. On the Effective Date, the Company’s trading symbol will change to “ABCED” for a period of 20 business days, after which the “D” will be removed from the Company’s trading symbol, which will revert to the original symbol of “ABCE”.

On the Effective Date, the total number of shares of the Company’s Common Stock held by each stockholder will be converted automatically into the number of whole shares of Common Stock equal to (i) the number of issued and outstanding shares of Common Stock held by such stockholder immediately prior to the Reverse Stock Split, divided by (ii) 170. As a result of the reverse stock split, the Company’s issued and outstanding shares of common stock will decrease to approximately 15,811,760 million post-split shares prior to effecting the rounding of fractional shares into whole shares as described below from approximately 2,687,999,095 pre-split shares.

No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the Company will issue one whole share of the post-Reverse Stock Split Common Stock to any stockholder who otherwise would have received a fractional share as a result of the Reverse Stock Split.

VStock Transfer 18 Lafayette Place
Woodmere, New York 11598 Phone: (212) 828-8436
Facsimile: (646) 536-3179

All options, warrants, and convertible securities of the Company outstanding immediately prior to the Reverse Stock Split will be appropriately adjusted by dividing the number of shares of Common Stock into which the options, warrants and convertible securities are exercisable or convertible by 170 and multiplying the exercise or conversion price thereof by 170 as a result of the Reverse Stock Split.

ABCO Energy, Inc., a Nevada corporation, is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services.  ABCO Energy, Inc., maintains offices located in Tucson and Phoenix, Arizona.  ABCO is a fully reporting public company trading under the symbol ABCE.  Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service.  These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

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.

CORPORATE CONTACT INFORMATION:
David Shorey, Acting President
Email: info@abcoenergy.com
2505 N. Alvernon Way
Tucson, Arizona 85712
Phone: 520-777-0511
Website: www.abcoenergy.com

ABCO Energy Pays Off Last of the Series C Convertible Preferred

Posted: February 22 2019

ABCO Energy, Inc (OTC PINK: ABCE) Tucson, Arizona (February 22, 2019) – ABCO Energy has raised funds and retired the last issue of the Series C convertible debt held by Redstart Holdings and was advised that Redstart has completed all of the conversions under their three preferred holdings. ABCO announced on January 31, 2019 that the Company had purchased all of the second issue of the convertible preferred held by Redstart. The proceeds from the issuances of the three Series C preferred stock were used by ABCO for working capital at the start of significant commercial jobs which are now nearly completed. Redstart converted the first of the series and ABCO purchased the last two for more than $206,000.  

Over the last ten trading days, our stock has closed above $0.01 and yesterday the close was over $0.02. We believe that this is the result of the Company’s growth and the retirement of the toxic debt. Also, we have completed the application and related corporate actions to lift the Company off from trading on the PINK Market to trading our common shares on the “Over The Counter Quality Board” (OTCQB). This level of trading will qualify our shares to trade with a much larger number of brokers and traders that do not trade on the PINK market. When it is approved, ABCO Energy, Inc. will be trading on a quality trading board on OTC Markets. ABCO Energy has not traded on the OTCQB for over three years as it has struggled to stabilize its stock price and fund its growth. We are now staging our Company for growth internally and through acquisitions and feel confident the share price will reflect this plan.

“We are very proud of the accomplishments of the ABCO team and our consultants over the last two years and feel confident we will continue to be trading well for our shareholders in the very near future” said
Charles O’Dowd, President, “and we are thankful to our shareholders for all of their assistance in reaching these accomplishments”.

About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company
trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

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.

ABCO Energy Phone 520-777-0511 or email “info@abcoenergy.com”

ABCO ENERGY ANNOUNCES SALE OF SOLAR POWER SYSTEM FOR EPISCOPAL CHURCH

Posted: February 5 2019

ABCO Energy, Inc. (OTC PINK: ABCE) Tucson, Arizona (February 5, 2019), the Arizona provider of integrated energy solutions, is pleased to announce the successful sale of a commercial photovoltaic system at a Tucson Episcopal Church, one of 63 congregations in the Diocese of Arizona. The system is designed to greatly reduce cost of energy and starts a significant milestone in the Diocese’s sustainability plans.

By installing 62,080 DC Watts of solar panels at this community worship center for a grand total of $185,000, the congregation will receive a savings benefit of $877,000 over 25 years. ABCO has completed several church projects for many denominations over the last few years and is proud to be supporting and contributing to their success in the community they serve.

Like all churches in the nation, this Episcopal Church has experienced higher electrical bills than most other commercial accounts because of demand billing by the utilities. Their electric bills spike during high usage on weekends that create demand charges that hold their rates higher than normal for the entire billing cycle. Solar systems will reduce billing and such reductions can help to preserve the capital of the worship centers. Since financing is readily available and is provided through ABCO, we have found that most religious centers should find it beneficial to save on electricity by utilizing solar.

“As a leading energy solutions provider, ABCO is committed to delivering innovative and cost-effective solutions. We go from start to finish with our customers, by providing financing, designing and installing the system, helping to save money on utility bills and providing “green” properties.” said Charles O’Dowd, President of ABCO. “We take extra steps to provide ongoing asset operations and maintenance.”

About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.

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.

Contact: Lindsay Lucas
lindsay@abcoenergy.com

ABCO Energy (Subsidiary ABCO Solar) Hires New Investor Relations Manager

Posted: January 21 2019

ABCO Energy, Inc (OTC PINK: ABCED) As the leading provider of distributed solar energy in Arizona, ABCO Energy has announced Lindsay Lucas as Investor Relations Manager. She will act as a liaison between ABCO and its stockholders.

Lindsay graduated in 2005 with a BS in Journalism from Northern Arizona University. She joins ABCO Energy with over 7 years’ experience in marketing and advertising. Her focus will be on social media, news releases, email communications, and market research to stay on trend with competitors, and to better inform ABCO’s shareholders.

Head Shot 2

“The scope of our investor relations has grown significantly over the last 5 years. Lindsay brings years of experience providing a high level of service and responsiveness to investors,” said Charlie O’Dowd, President of ABCO.

Prior to joining ABCO, Lindsay gained technology and business experience at both national and local ad agencies. She has held senior management roles in marketing, communications, and digital and print publishing, including Senior Copywriter at Arizona Mail Order, and Executive Director of Northern Arizona Building Association.

“I look forward to substantially expanding ABCO’s visibility in major money centers. My focus is to help the company grow meaningfully,” said Lindsay. “I am delighted to join the team.”

ABOUT ABCO ENERGY
ABCO Energy is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient lighting business and is a dealer for a solar powered air conditioning system. The Company plans to build out a network of operations in major cities in the USA to establish a national base of service operations centers. This combination of services, solar PV, solar HVAC systems and LED lighting provides the Company with a solid base in the growth markets of renewable energy applications. We currently operate in Tucson and Phoenix, Arizona and provided installation and services to other cities from our Tucson offices. The Company plan is to expand to more locations in the Western States in the next year as funding becomes available.
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.

CONTACT INFORMATION: Charles O’Dowd Email: info@abcoenergy.com