ABCO Energy, Inc. (OTCQB: “ABCE”) Tucson, Arizona (April 13, 2020), the Arizona provider of integrated energy solutions, is pleased to announce the successful sale of a performance-based high energy efficiency solution for a Phoenix Arizona Commercial multi-owner office building. ABCO’s Performance-based Systems analyze energy efficiency improvements for building and business operations to reduce the customer’s overall energy cost. By measuring efficiency losses in all building and business energy components like air conditioning, roofing, lighting, insulation, electrical controls, heating and other components, ABCO repairs, replaces and installs equipment that provide top tier performance and savings that pay for the improvements. These efficiency measures are customized for every customer and produce significant reductions to a property’s expenses while simultaneously increasing property and business valuation.
This $913,000 commercial contract consists of approximately $310,000 of solar equipment, $318,000 of HVAC equipment, an LED lighting retrofit for approximately $70,000 and various other equipment installations totaling $215,000, for a total project cost of $913,000. This project is expected to save the condo owners association customer approximately $3,631,000 over the next 25 years. It is the goal of ABCO Energy to provide the most efficient and cost-effective program for our customers.
ABCO Energy also provides the contacts to financing for the majority of its commercial and residential customers. We thoroughly survey numerous financing options and arrange banking or tax incentive investors for our projects and we are especially cognizant of the needs of non-profit organizations, like the one involved in this project, which creates further customer benefits.
“As a leading energy solutions provider, ABCO is committed to delivering innovative and cost-effective energy performance systems. We work step by step with our customers from start to finish, by providing financing, designing and installation services to improve the properties energy efficiency performance” said Michael Mildebrandt, President of ABCO. “In addition to the project equipment and installation services, the annual maintenance contracts will follow for many years on this project. This contract comes to ABCO in the shutdown period of the coronavirus pandemic, and we are proud to announce it will allow our employees to keep working through these difficult times.”
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, Inc. Phone 520-777-0511
Or Michael Mildebrandt, President at “info@abcoenergy.com”
Category: Uncategorized
ABCO ENERGY ANNOUNCES EARLY PAYMENT OF CONVERTIBLE NOTE
ABCO Energy, Inc (OTCPK “ABCE”) Tucson, Arizona (January 28, 2020) – ABCO Energy has raised funds from Oasis Capital for the retirement of two convertible notes held by Power Up Lending Group, Inc. and a third held by Crown Bridge Partners, LLC prior to the time the Conversion Right will become exercisable. This action will prevent imminent dilution from the conversion of these Notes. It is the Company’s intent to try to continue to retire the convertible notes prior to when the Conversion Right becomes exercisable where it is possible to do so.
The Powerup notes are carried on our books at $162,300 and the Crown Bridge note is carried at $50,000. However, Crown Bridge also has a commitment to fund an additional $100,000 of convertible notes that the Company intends to cancel with this transaction and which will no longer be an overhang on the market. By combining internal funding and a $208,000 convertible note from Oasis Capital, the Company will not have convertible notes on the market for a period of nine months.
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, Inc. Phone 520-777-0511
Or Michael Mildebrandt via email at “info@abcoenergy.com”
ABCO Energy Subsidiary ABCO Solar buys an office & warehouse building for Tucson operations
ABCO Energy, Inc, (OTCPK, “ABCE”) December 31, 2019 Tucson, Arizona. On December 31, 2019 ABCO completed negotiations, financial arrangements and closed on the purchase of a 4,800 square foot office and warehouse building located on one/half acre of paved land on one of Tucson’s busiest streets. This property will be more than adequate to house both the Solar business (Now 3600 SF and the HVAC business (now 2000 SF) including our previously announced acquisition of a Tucson HVAC service and equipment supplier. The land and outbuildings will accommodate all of our equipment.
The acquisition was priced at $325,000 and the financing was spread over a twenty-year mortgage based on a 20 [20] year amortization and a balloon payment at the end of five (5) years. The monthly payment is one/half of our current rent on both businesses. The property will require repair, but all improvements will add to the current valuation. ABCO will be able to do almost all of the repairs with current employees. We believe the land is worth more than the entire property price. The property is centrally located on North Alvernon Street, close to the center of the Tucson Metropolitan area. We feel very fortunate to find and close on this property at a time when office/warehouse occupancy has reached 99% for this type of facility.
This property will add to our owned assets and improve our balance sheet at December 31, 2019,” said Michael Mildebrandt, President of ABCO Energy, “and it is an excellent location to advertise our businesses on a busy street”.
The Company will move its operations into the new building as improvements allow and our leases expire or are subleased on our current property.
The HVAC subsidiary to be acquired will be relocated to the property as soon as we close on the funding for the acquisition of this operating company.
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.
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: Michael Mildebrand Email: info@abcoenergy.com
ABCO Energy Announces Letter of Intent to Acquire HVAC Company
ABCO Energy, Inc, (OTCPK, “ABCE”) December 12, 2019 Tucson, Arizona. On December 10, 2019 ABCO completed negotiations and a “Letter of Intent” (LOI) to acquire was signed for the acquisition of a Tucson HVAC company whose sales will be in excess of $1,000,000 for 2019. This acquisition company has been in business for 40 years; sells and services both residential and commercial customers; and has several contracts with the City of Tucson that help to even their workflow during the year. The acquisition is expected to close by January 31,2020.
The acquisition company also has a general contractors license that will pass through to ABCO and allow us to perform more segments of our commercial work without farming such jobs out to others. The company has consistently shown 48% gross profit margins and is projected to bring more than $300,000 profits to ABCO at the EBIDA level. The purchase price negotiated is $300,000 and ABCO is financing $200,000 cash and an owner’s financing of $100,000 over 5 years. This pricing represents a one year payback on investment and eight months payback on cash invested. The acquisition company’s construction equipment is sorely need by ABCO for our Solar jobs and with the expected steady and even monthly cash flows from this acquisition, we hope to reduce our need for seasonal borrowing.
“We are excited about the potential of this acquisition because it gives us the knowledge and experience to sell additional products and services including our solar powered air conditioning systems” said Mike Mildebrandt, President. “Every home and business has air conditioning in Arizona and we intend to knock on many of their doors. We have sold $425,000 in air conditioning service and replacements in the last few months and this acquired team will be able to perform the work for us. We intend to acquire more companies in the next year.
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.
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 Announces Completion of Commercial Solar Project
ABCO Energy, Inc, (OTCPK, “ABCE”) November 12, 2019 Tucson, Arizona. On November 12 ABCO announced that all inspections were passed and that the company has completed the construction of a $345,000 Tucson apartment complex solar project serving 60 families. The conclusion of this project will be reported as revenue in the fourth quarter in our year-end Form 10K for 2019. This is our second large apartment complex completed this year with the first comprising a 72 unit apartment complex for $950,000 completed in May of 2019.
ABCO Energy sold, arranged financing, engineered and constructed this project over the past few months. Since 2017, ABCO has completed nearly $5,000,000 in commercial projects that were reported on our financial statements using the “percentage of completion method for accounting” which places the revenue in different periods when large projects are completed over several months. “We expect to complete two more commercial projects this year,” said Mike Mildebrand, President. “ABCO will also complete several more residential jobs making 2019 a good year for all of us and this project is one good example”.
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.
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: Michael Mildebrand Email: info@abcoenergy.com
ABCO ENERGY Board Elects President, CFO Officers, & Board Members to fill Vacancies
ABCO Energy, Inc (OTCPK: ABCE) Tucson, Arizona (November 7, 2019). On November 1, 2019, Wayne Marx, the sole director of the Company, appointed Mr. Adrian Balinski as the Chief Financial Officer, effective October 10, 2019 and appointed Mr. Michael Mildebrandt as President of the Company, effective November 1, 2019. He then appointed Mr. Balinski and Mr. Mildebrandt as Directors of the Company.
Mr. Michael Mildebrandt has been VP Sales since 2016. He has been employed by ABCO for the last three years successfully selling residential and commercial solar products from our Tucson, Arizona office. Mike spent 8 years in the United States Air Force and 6 years in the Arizona Air National Guard. During the 20 years after Mike’s air force employment, he was in the direct sales business as well as operating his own successful water treatment business and home appliance franchise businesses. Mike is married and is 55 years of age.
Mr. Balinski has served as Controller for ABCO for the past two years. He holds a Bachelor’s Degree in Accounting and a Master’s Degree in Finance and Accounting. He brings over a decade of experience leading and directing the financial, commercial and business operations of growth oriented businesses. He began his professional career working as Controller for two firms in the housing construction business in the Tucson, Arizona area specializing in Operations and Finance. He has over two years of experience with public entities and SEC filings. After leaving his previous job and obtaining his Master’s Degree in 2017, he began as the ABCO Controller. Adrian is married and is 53 years of age.
ABCO is thankful to be able to promote experienced in-house persons to these extremely important positions and will not be required to recruit outside the firm. Michael and Adrian’s previous training within the firm makes this appointment very beneficial to the Company.
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: Or ABCO Energy Phone 520-777-0511 or email “info@abcoenergy.com”
ABCO Energy Announces Early Payment of Convertible Note
ABCO Energy, Inc (OTCQB “ABCE”) Tucson, Arizona (August 22, 2019) – ABCO Energy has raised funds and retired the convertible debt held by PowerUp Lending Group, Inc. prior to the time the conversion right became exercisable [“Conversion Right”] and was pleased to prevent imminent dilution upon conversion. It is the Company’s intent to try continue to retire the convertible notes prior to when the Conversion Right is exercisable where it is possible to do so.
ABCO has used the proceeds from convertible debt to fund operations for large commercial projects that the Company is trying to complete before year end and to grow our operations.
ABCO Energy has traded on the OTCQB for over six months and has struggled to continue to fund its growth. We are now staging our Company for growth internally by utilizing our equity line of credit to sell publically registered shares of common stock, by private non-convertible note offerings and through acquisitions financed internally and through third party sources and expect that the successful implementation of these tools will be reflected in our share price .
“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 do 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.
Contact Charles O’Dowd via email at “info@abcoenergy.com”
CORRECTION: ABCO ENERGY PREMATURE ON OTCQB APPROVAL
On Wednesday, March 13, the Company was notified that the March 8 press release was issued premature to the final approval by the
OTCQB markets.
A final review is underway for certification. When final approval has been provided, the Company will issue another press release.
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.
Sunny Solar News, Especially For Shareholders
ABCO Energy, Inc (OTC PINK: ABCE) Tucson, Arizona (February 12, 2019) – A prosperous communication plan has rewarded ABCO Energy, Inc. with five days in a row of closing trading prices above $0.01. Due to the upspring in price, the Company filed an application for OTCQB on Monday, February 11, 2019. When it is approved, ABCO Energy, Inc. will be trading on the quality board on OTC Markets.
The latest in corporate actions has helped the company to lift off from trading on PINK Sheets and driving hard to move up to the “Over the Counter Quality Board” (OTCQB). This level of trading will make shares more visible to a larger audience of brokers and traders that do not trade on the PINK market.
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. Now staging the Company for growth internally and through acquisitions, shareholders will be confident the share price will reflect the latest in transparent communication.
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
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 Announces a Million Dollar Contract
ABCO Energy, Inc, (OTC PINK: ABCE) August 8, 2018, Tucson, Arizona, announced that they have signed a $950,000 commercial solar project and anticipate an additional $35,000 commercial lighting contract on the same facility with ABCO crews providing all construction. The project is on a 72-unit apartment complex and will consist of both roof top and car park shade structures. The owners will enjoy approximately $80,946 from the solar electric generation plant and $15,981 first year savings from the LED lighting project, for a total first year savings of approximately $96,927. In addition, the federal and state tax credits totaling $310,000 will further increase the owner’s return on investment. Over a period of 25 years, this project is expected to provide cost reduction for the customer in excess of $3,445,000.
“Coupled with our first seven months of sales and booked backlog of over $1,500,000, ABCO’s anticipated sales booked for the year already exceeds $2,500,000”, said Charles O’Dowd, President of ABCO Energy. “With this large backlog of signed commercial and residential solar projects and several quoted projects in the pipeline at this time, we are hopeful for a record year in sales and profits”.
This is the roof top and parking shade layout of the Arizona Solar Project sold by ABCO.
ABCO Energy is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient lighting business, 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. On July 1, 2018, we operated in Tucson, Arizona and provided installation and services to other cities from our Tucson offices. The Company plan is to expand to more locations in North America 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
ABCO Energy Signs Commercial Contract
ABCO Energy, Inc, (OTC PINK: ABCE) November 15, 2017, Tucson, Arizona, announced today that they have signed a commercial solar shade structure contract for a large Tucson, Arizona company to install carport shade structures and a solar electrical system for the business. The customer sells swimming pool services and supplies including hot tub spas.
ABCO Energy will begin construction on the carport shade structures and installation of the solar electrical system within the next few days in order to complete as much of the project as possible before the end of the year.
“We have looked forward to closing this project for many months. The property is located on a very busy Tucson boulevard so the exposure to the project will be beneficial for our company during the four months of construction and for years thereafter” said Charlie O’Dowd, President of ABCO Energy. “The commercial market has always been challenging and we are excited to add another building block to our sales backlog for 2018”.
“ABCO has built in excess of 36,000 square feet of parking structures in the past two years featuring a variety of site specific installations. This $310,000 project will be similar in design to our other installations. It will be a very good experience for our staff and bottom line” added Mr. O’Dowd, President.
The carport shown to the left is an example of the structure supplied by “Park ‘N Shade” of Marana, Arizona to be built with ABCO’s Solar system.
ABCO Energy, Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Street Lighting and installation of LED and energy conservation lighting systems in their markets. ABCO provides products and services to residential, commercial, government and non-profit entities in all 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-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, President
Email: info@abcoenergy.com
ABCO Energy Announces Midyear Booked Sales of $1,002,000
TUCSON, AZ–(Marketwired – Jul 17, 2017) – ABCO Energy, Inc, (OTC PINK: ABCE), announced today that they have accumulated an $1,002,000 of booked sales for work that is scheduled to be completed prior to our December 2017 fiscal year end. Our backlog of current unfinished work totals approximately $469,000 and consists of residential contracts and a small number of commercial projects. This is enough backlog of work to keep our crews working throughout the summer months while we hire additional crews. All this backlog will be completed and reported in the last half of 2017.
According to Charles O’Dowd, President of ABCO Energy “Our Company will continue to pursue sales of larger commercial solar projects to supplement our residential work. Also, our opportunities from our recently appointed solar air conditioning equipment dealership has created several high potential leads and a promising future as our market develop because the interest in the products is extremely high. We plan this to be a banner year for us and our aggressive sales approach should carry this through. We have added two new professional sales persons, one for residential and one to focus on the solar air conditioning business of ABCO”.
ABCO has sold more projects in the first six months of 2017 than the Company sold in all the 2016 fiscal year. This surge in sales is almost three times the first half year sales for 2016.
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
President
Email: info@abcoenergy.com
ABCO Energy Announces Dealer Agreement for Unique Solar Powered Air Conditioner
ABCO Energy, Inc. (ABCE) June 14, 2017, Tucson, Arizona, announced today that they have signed an agreement with Perfectly Green Corporation (PGC) of Plano, Texas to sell and install a unique solar powered air conditioning system called the “Smart Frog” that has world wide applications. ABCO will be representing the “Smart Frog” (For On or Off Grid) system in Arizona, New Mexico and Western Texas, an area containing over 10,000,000 people and one of the highest concentrations of both solar and air conditioning use in the nation.
“We are extremely fortunate to have earned the privilege of being involved in the market development for this residential and commercial air conditioner system. This product can be operated from solar panels, electricity from the grid or from its self-contained gas-powered generator. The system can blend all three sources of power and simultaneously perform demand response and load shedding. With any power supply, this air conditioner achieves an outstanding 23 seer rating and provide peak power cost reduction (load shedding) with its gas generator. Our customers will never be without power or cooling even with grid failure. Customers have been asking us for years if they can cool their homes with solar and now we have the answer they want to hear.” said Charles O’Dowd, President of ABCO Energy.
Perfectly Green Corporation is the developer and patent holder on these remarkable product lines. After eight years and millions of dollars in research and development expense, PGC has received patents, ETL approvals (equivalent to UL) and municipal permits resulting in a high level of excitement in the industry. This excitement is evident as PGC has signed over 100 dealers in 27 states. These dealers have already placed more than $5,000,000 in purchase orders with PGC before the product was ready for shipment. This is the first revolutionary new residential air conditioning product to be introduced in the USA in over 50 years.
The ABCO Energy Arizona sales territory contains more than 200,000 HVAC dealers (per AZ Registrar of Contractors) and more than 2,700,000 homes and 2,500,000 businesses with an estimated 35% using Air Conditioning. The natural attrition of air conditioners and new construction will settle into a steady market for ABCO in this region. ABCO’s focus on this product should be very rewarding in the short and long term.
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:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 N. Wilmot Road, Suite 211
Tucson, AZ 85712
Phone: 520-777-5111
Fax: 520-620-5574
ABCO Energy, Inc. Announces 85% First Quarter 2017 Sales Increase Over 2016 First Quarter
ABCO Energy, Inc. Tucson, Arizona March 8, 2017. ABCO Energy, Inc. has completed its first quarter sales results and are proud to announce that the numbers reflect an 85% increase over the 2016 first quarter sales. After suffering through a long year of turmoil in the Arizona solar market created by the political arena, ABCO has experienced a surge in contracts signed. With political uncertainty, the solar market tumbled in general throughout our Arizona home market even though the national market increased by 25% overall. We are now feeling a residential surge in sales and the number of commercial quotations has also increased four- fold. ABCO Energy, Inc. is currently quoting several millions of dollars in commercial projects in both solar and LED lighting retrofits “We are currently quoting several millions of dollars in commercial projects and the residential market has sprung back to life”, said ABCO Energy President Charles O’Dowd. “Our sales team has been reaping the rewards of months of prospecting in the form of signed sales contracts. The upcoming summer season is a motivating factor in the buying decision as well as a change in the level of certainty about the future of solar locally. We are hoping for our best year ever.”
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.
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.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
Phone: 866-703-4778
admin@bmarkadvisory.com
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 North Wilmot, Suite 211
Tucson, Arizona 85712
Phone: 520-777-0511
Fax: 520-620-5574
www.abcosolar.com
ABCO Energy, Inc. Announces Completion of Five Arizona Commercial Projects
ABCO Energy, Inc. Tucson, Arizona February 15, 2017. ABCO Energy, Inc. announced the completion of a series of five commercial projects commissioned by a Tucson, Arizona multiple ownership group for projects located at self-storage facilities. All of these projects are located in Tucson and Phoenix, Arizona and were announced at their starting date nearly nine months ago. Due to permitting problems, these difficult projects extended over three reporting periods. The entire system consisted of 238,080 kilowatts of DC power installed (¼ megawatt) and over 30,996 square feet of shaded parking for RV vehicles. The entire set of projects were sold for $995,866 and was reported in income over the last year.
“This project is our landmark accomplishment in our growth cycle for commercial development,” stated Charles O’Dowd, President of ABCO Energy, Inc., “and it marks our latest corporate accomplishment to building our company sales in this difficult commercial arena. Commercial solar has always been difficult to both sell and develop and our company has been growing toward this goal since our founding. We believe we will see many more of these projects in the coming months and we have several large contracts that we are negotiating at this time.”
All of these solar facilities are located in different cities and producing power for the owners. They are also reducing the carbon and pollution in the world. ABCO Energy is dedicated to providing alternative energy solutions for the planet.
ABCO Energy, Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Street Lighting and installation of LED and energy conservation lighting systems in their markets. ABCO provides products and services to residential, commercial, government and non-profit entities in all 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-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.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
Phone: 866-703-4778
admin@bmarkadvisory.com
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 North Wilmot, Suite 211
Tucson, Arizona 85712
Phone: 520-777-0511
Fax: 520-620-5574
www.abcosolar.com
ABCO ENERGY, INC. ANNOUNCES FINRA APPROVAL OF 1-FOR-10 REVERSE STOCK SPLIT
ABCO Energy, Inc. Tucson, Arizona January 17, 2017. ABCO Energy, Inc. announced the FINRA approval of the 1 for 10 reverse split of its common stock. The effective date of the action was January 13, 2017 and the company will trade under the symbol ABCED for 20 business days or until February 8, 2017. The reverse split has become necessary because of conversions of several promissory notes totaling $246,711 into 198,737,390 shares during the last half of 2016. The common shares outstanding at December 31, 2016 became 268,645,844 shares. The reverse was also necessary to allow the Company to raise capital from the sale of its common stock through the previously announced $5,000,000 financing with Blackbridge Capital, LLC. In addition, OTC Markets required a stock price in excess of $.01 per share in order to continue the Company’s OTCQB listing. These were the cause and effect and the driving force for the reverse split decision.
In addition to the reduction in shares outstanding, the company financial statement was improved by the elimination of $396,798 in direct and derivative liability and a reduction of related derivative interest and amortization expenses totaling $246,711 on the income statement. The total effect to the ABCO balance sheet for cancellation of the notes through conversion will be $643,509. This reduction in debt will improve the company credit lines and fund raising in the very near future. Due to the conversion of the debt to common shares, the company experienced a very large volume of trading and wide dispersion of it stock to many new investors and traders. Our post reversal of shares has resulted in approximately 26,871,761 shares being currently outstanding. This will benefit the Company in the future and will create a more reliable market for our stock.
“In the first day of trading under the new symbol, our stock price reached $0.0235, which will allow the Company to proceed with the Blackbridge financing and begin to satisfy the OTC share price rules” says Charles O’Dowd, President of ABCO. “This will also allow us to issue new shares with less dilution on an expedited basis to raise capital necessary to expand our operations.”
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.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
Phone: 866-703-4778
admin@bmarkadvisory.com
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 North Wilmot, Suite 211
Tucson, Arizona 85712
Phone: 520-777-0511
Fax: 520-620-5574
ABCO Energy Completes Provisions for 5 Million Dollar Equity Line Funding Commitment
New York, New York–(December 2, 2016) – ABCO Energy, Inc. (OTCQB: “ABCE”) (the “Company”) is pleased to announce that it has entered into an agreement to provide $5 million dollar funding commitment through the sale of shares of its common stock.
The $5 million dollar funding commitment is being made available through an equity line provided by New York based, Blackbridge Capital Growth Fund, LLC. “We are excited to expand our solar investment portfolio through a long-lasting relationship with ABCO. We continue to believe in the Company’s growth initiatives and seasoned management team” said David Jacobi Director of Business Development.
ABCO received $100,000.00 cash advance in the form of a convertible promissory note to cover legal fees for preparation and filing of the registration statement covering the Blackbridge shares and working capital for the Company. ABCO is now in the process of preparing the registration statement for filing with the U.S. Securities & Exchange Commission (“SEC”) to register shares for sale to Blackbridge under the investment commitment.
Charles O’Dowd, ABCO Energy Chairman, stated, “We have waited a long time for an adequate source of funding for growth through acquisitions and internal expansion and now feel that we are on our way. Blackbridge has stepped up with advance funding and their future commitment has given the company a boost toward fulfilment of our plans for ABCO Energy. We are very eager to be moving forward with Blackbridge Capital Growth Fund and enthusiastic about our future.”
ABCO Energy, Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Street Lighting and installation of LED and energy conservation lighting systems in their markets. ABCO provides products and services to residential, commercial, government and non-profit entities in all 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-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. This press release should be read with all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
Phone: 866-703-4778
admin@bmarkadvisory.com
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 North Wilmot, Suite 211
Tucson, AZ 85712
Phone: 520-777-0511
Website www.abcoenergy.com
ABCO Energy Signs “PwrStation” Agreement
ABCO ENERGY SIGNS “PwrStation” DISTRIBUTORSHIP AND INSTALLER AGREEMENT
TUCSON, AZ – November 17, 2016, Tucson, Arizona ABCO Energy, Inc., (OTCQB: “ABCE”) announced signing of a significant license agreement for installation and distributorship for Swiss based PwrStation products. These systems will allow us to make installations on rental properties that require no roof penetrations and can be installed and/or removed in about one hour. Regular solar systems need to be attached to the roof and cannot be easily removed. Landlords normally will not agree to such installations. The PwrStation EXOrac system, pictured below to the right, allows for removal at end of term of lease of the property and quick movement to another property. The EXOrac system and the PwrStation Genesis S 30 system, pictured below top left, are also an answer for temporary power stations for third-world or emergency installations. This product opens a market for ABCO that could not be approached with standard solar equipment.
ABCO’s president and sales staff presented the PwrStation Genesis S 30 system at the 12th International Mining Conference in Hermosillo Sonora, Mexico that was sponsored by the Association of Mining Engineers and Geologists, during the last week of October. The Conference showcased mining equipment and technologies from exploration to extraction in the country’s area of richest natural resources and was attended by more than 550 conferees.
ABCO demonstrated the PwrStation Genesis S 30 portable solar grid that deploys 28.8 kilowatts of power in less than 30 minutes after skidded into place. For use in temporary or early development of mining, oil exploration and prospecting camps, the Genesis S 30 eliminates the need for gas or diesel fueled generators, their noise and odor.
“We were very pleased with the warm reception we received in Hermosillo. We fielded many inquiries from the local mining community in Sonora about the PwrStation product its application and cost. The conference participants could not have been more gracious or enthusiastic” said Charles O’Dowd, ABCO Energy CEO. “This is the answer to cleaner, more convenient power generation in areas where there is no electrification or it has been lost.” PwrStation is currently being deployed in underdeveloped areas of the world through the auspices of the United Nations High Commissioner for Refugees.
ABCO Energy, Inc. is an Arizona licensed contractor for sales and installation of Photovoltaic Solar Systems, Solar Street Lighting and installation of LED and energy conservation lighting systems in their markets. ABCO provides products and services to residential, commercial, government and non-profit entities in all 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-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.
INVESTOR RELATIONS CONTACT:
Benchmark Advisory Partners, LLC
Timothy Connor, President
2010 Jimmy Durante Blvd.
Carlsbad, CA 92009
Phone: 866-703-4778
admin@bmarkadvisory.com
CORPORATE CONTACT INFORMATION:
Charles O’Dowd, President
Email: info@abcoenergy.com
2100 North Wilmot, Suite 211
Tucson, Arizona 85712
Phone: 520-777-0511
Fax: 520-620-5574
Website www.abcosolar.com