Tag: Stock

ABCO ENERGY Appoints Adrian Balinski to Chief Financial Officer

Posted: October 10 2019

TUCSON, October 10, 2019 – ABCO Energy, Inc. (the “Company” or “ABCO”) (OTCPK:ABCE) is pleased to announce that it has appointed Adrian Balinski as Chief Financial Officer (“CFO”) of the Company.

Leading the financial and operational functions of the Company, Adrian will help drive the ABCO growth strategy and support all strategic and operational initiatives across its business. Adrian has served as Controller for ABCO with a Masters Degree in Finance and Accounting and brings over a decade of experience leading and directing the financial, commercial and business operations of growth-oriented businesses.

Adrian 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 masters degree, he has worked diligently to ensure the timely filings of ABCO’s 10Q’s and annual 10K’s. He has also advised on issues regarding financing and legal strategies involving the company.

ABCO is thankful to be able to promote an experienced in-house person to this extremely important position and will not be required to recruit outside the firm. Adrian’s previous training makes this appointment very beneficial to the Company. Adrian has served as ABCO’s controller for nearly three years.

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: Terry Taylor Phone 607-220-8989 Or ABCO Energy Phone 520-777-0511 or email “info@abcoenergy.com”

ABCO ENERGY ANNOUNCES COMMERCIAL SALE OF SOLAR POWER AND HVAC INSTALLATION FOR $185,000

Posted: September 24 2019

ABCO Energy, Inc. (OTCQB: “ABCE”) Tucson, Arizona (September 24, 2019), the Arizona provider of integrated energy solutions, is pleased to announce the successful sale of a performance-based energy efficiency solution concept for a Tucson industrial building facility. Performance-based systems rely on the savings from analyzed energy efficiency improvements to reduce their overall electrical energy cost, which is our benchmark for delivering demand reduction measures.

This industrial sale contract consists of $110,000 of solar equipment and $59,000 of HVAC equipment for a total project of $169,000. This project will save the manufacturer customer approximately $670,000 over the next 25 years. It is the goal of ABCO Energy to provide the most cost effective program for our customers and not just sell one product when several may be the most economical alternative.

ABCO Energy provides the contacts to financing for the majority of its commercial and residential customers and therefore needs the best approach for funding the financing payments through cost reductions for the customer. We survey the energy usage to assess the most effective program for the customer and then help them make it happen with the best funding.

“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 installation, 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: Terry Taylor Phone 607-220-8989 Or Charles O’Dowd, President at “info@abcoenergy.com”

ABCO ENERGY ANNOUNCES ANOTHER EARLY PAYMENT OF CONVERTIBLE NOTE

Posted: September 17 2019

ABCO Energy, Inc (OTCQB “ABCE”) Tucson, Arizona (September 17, 2019) – ABCO Energy has raised funds and retired a second convertible debt held by Power Up Lending Group, Inc prior to the time the conversion right became exercisable [“Conversion Right”] and was able 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 becomes exercisable where it is possible to do so. This is our second such retirement in the last two months.

ABCO has successfully arranged a line of credit for funding our construction project materials costs for large commercial projects accepted by the lender. This line of credit has already helped us overcome a number of cash shortages that required debenture funding in the past. The Company has a backlog of over $1,000,000 of commercial projects we are trying to complete before this year end.

ABCO Energy has traded on the OTCQB for over six months and has struggled to continue to fund its growth. We are now beginning to stage our Company for growth internally by utilizing, when available, 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 we are hopeful 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”

ABCO Energy Announces First Quarter 2019 Financial Results

Posted: May 21 2019

ABCO Energy, Inc. (OTCQB: ABCE) Tucson, Arizona (May 21, 2019) announced financial results from the quarter ended March 31, 2019 and provided a corporate update. ABCO is a producer of sustainable infrastructure products for solar, energy-efficient lighting and HVAC products.

First Quarter 2018 Financial Highlights

  • Sales revenues continued to strengthen with an increase of $131,715 (25%) from $522,295 in the First Quarter 2018 to $654,010 for the First Quarter 2019. Gross profit grew $49,870 (26%) from $193,917 in the First Quarter 2018 to $243,787 in the First Quarter 2019.
  • Operating expenses were increased $101,325 (63%) from $159,936 in the First Quarter 2018 to $261,051 in the First Quarter 2019.
  • Loss from operations for the First Quarter 2019 was $(17,275) compared to $(33,981) for the First Quarter 2018.
  • Net loss after interest and derivative expenses for the First Quarter 2019 was $(518,835) versus a net loss of $(6,827) in the First Quarter 2018. The first quarter loss was charged with $(501,560) consisting of $78,914 interest on derivatives, $177,934 loss on derivatives and $244,712 extinguishment of debt on derivatives. Derivatives are accounting charges for future possible stock dilution for convertible debt.

Capital Resources and Outlook ABCO Energy’s primary source of capital for the First Quarter of 2019 was cash flow from operations and borrowing through financial institutions. Our S1 offering documents were approved by the SEC on May 7, 2019 and this will assist us raising capital from non-convertible stock sales to bolster our acquisition programs in the coming months.

“With improved margins and acquisitions, we expect a return to profitability by year end 2019, “said Charles O’Dowd, President. “We expect that our sales will continue to grow as energy-efficiency, solar, HVAC and LED Lighting industry activities increase.”

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 Effective S1 Filing

Posted: May 8 2019

ABCO Energy, Inc. (OTCQB: “ABCE”) Tucson, Arizona (May 8,2019) announced that on May 7, 2019, the United States Securities Exchange Commission (SEC) declared effective it Registration Statement on Form S-1 (No. 333-231047) (Registration Statement). On April 26, 2019, the Registration Statement was filed with the SEC, it was amended by Pre-Effective Amendment No. 1 filed on May 3 ,2019 and declared effective on May 7, 2019. The Registration Statement was filed to register for resale from time to time shares of the Company’s common stock by the selling shareholder named therein pursuant to an Equity Line entered into with the selling shareholder.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such or jurisdiction.

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 Results of Operations for 2018

Posted: April 14 2019

ABCO Energy, Inc. (OTCQB: “ABCE”) Tucson, Arizona (April 18, 2019) announced Tuesday April 16, 2019 it had filed the annual report on Form 10-K for the year ended 12/31/18 with the SEC and posted the report on the recently achieved OTCQB website. The results of operations shows that sales increased to $2,867,442 in 2018, an increase of $1,420,386, or 98%, doubling 2017 sales of $1,447,056.

Cost of sales increased by $888,746, or 77% to $2,040,339 in 2018 from $1,151,593 in 2017 due primarily to the increase in sales. However, the important part of the report shows that the Company achieved a gross margin of 29% as a percentage of total sales in 2018, up from 20% in 2017, primarily due to better management of costs and the focus on commercial projects in 2018.

“We are very proud of our production and sales staff for the accomplishments of 2018,” says Charles O’Dowd, President. “We also give many accolades for our administration and IR staff, who brought us back to the OTCQB from many months on the “pinks”. We have also seen a 455% increase in our stock price over the past three months”.

General and administrative expenses increased by $182,403 to $1,016,860 (35% of sale) in 2018 from $834,457 (57% of sales) in 2017, a decrease of 22%. This increase in expense is due primarily to a 98% increase in sales revenue. However, the administration staff had better control over operations, we trained and hired additional sales force, and had better control over the public company expenses in 2018.

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 Now Listing on OTCQB Markets

Posted: April 9 2019

ABCO Energy, Inc (OTCQB: ABCE) Tucson, Arizona (April 8, 2019) – The Company announced that effective today, April 8, 2019, it has been up-graded and began trading on the OTCQB Market.

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 Approval Granted for Uplift to OTCQB

Posted: March 7 2019

ABCO Energy, Inc (OTCQB: “ABCE”) Tucson, Arizona (March 7, 2019) OTCQB Market. ABCO Energy was granted approval for uplift to OTCQB. This has been a long hard climb to earn this status and ABCO’s management is extremely proud of its employees, shareholders and consultants for accomplishing this task.

“ABCO is qualified to trade on the OTCQB markets at this time, says Charles O’Dowd, President, because we have met all of the requirements and endured the intensive review by OTC Markets, Inc It is now time for our Company to enjoy the benefits that the OTCQB provides its members and the possible growth of our stock price and other financial opportunities provided by the OTCQB markets. We continue to be fully reporting to the SEC with audited financial statements and we are current with our SEC filings. We can now reach for more consistent trading so our shareholders will have the most benefit from our efforts and their allegiance.”

“Our Company has a significant backlog of contracts which exceeds $1,401,000 at March 1, 2019. ABCO will continue to perform the hard work it takes to get our Company positioned for the future we planned for and we know that this will require patience and stamina for our shareholders. We appreciate the resolve of our shareholders and feel confident that our rewards are coming soon”.

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 (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