Evolucia CEO Releases Shareholder Update
SARASOTA, Fla., Aug. 15, 2013 /PRNewswire/ -- Evolucia Inc., (OTCBB & OTCQB: ILED), a global leader in the development and commercialization of high performance LED (light emitting diode) lighting systems, released today the following update to shareholders from its Chief Executive Officer, Mel Interiano:
Today, we filed our 2nd quarter 2013 financials that include revenues of just over $400,000. This represents only a small portion of our current order backlog. In order to begin fulfilling our backlog orders, some of our redesigned products required updated certifications from various organizations, including UL, CE, DLC and NOM. Although this process delayed 2nd quarter product fulfillment, our customers have remained committed to Evolucia, and we have not lost any backlog orders. We have successfully rescheduled shipment dates with these customers, and are fulfilling backlog orders as certifications are awarded.
In concurrence with the release of our 3rd quarter filings on November 14, 2013, we will hold our first corporate earnings conference call and webcast for investors and shareholders on Friday, November 15, 2013 at 10 a.m. EST. These conference calls will continue with each quarter going forward in accordance with the release of Evolucia's quarterly and annual securities filings. Conference call and webcast instructions will be broadcast prior to the release of each filing.
We are currently working to align Evolucia with a full-service investment bank that has the relationships and experience to help guide us to the next level. We are in discussions with multiple investment banks, and expect to select and finalize a formal agreement with one of these firms in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
I would like to thank our investors and shareholders for their patience as we finish building a foundation that will help to ensure our long term and sustained success. We have added more than 150 new products over the last 18 months, and have hired 20 new experienced lighting professionals to support our growth. In addition, we are already beginning to move into our brand new 61,000 square foot state-of-the-art facilities in Sarasota, Florida, and will host an open house later this year so that our shareholders and investors can experience the evolution of light firsthand.
The future is bright!
Chief Executive Officer &
Chairman of the Board
About Evolucia Inc.
Evolucia Inc. is an industry pioneer in the design, engineering, manufacture and marketing of high performance LED lighting systems to the global lighting markets. Evolucia received the United States Department of Energy's highest award for lighting within the LED category, and has installed thousands of its fixtures at military bases, universities, municipalities, and large commercial entities. Evolucia's LED lighting products are sold under the brand, Evolucia Lighting (www.evolucialighting.com).
All Evolucia products offer highly energy efficient, durable, commercial-grade LED lighting for both indoor and outdoor applications. The company's award winning cobra head and shoe box fixtures employ Evolucia's proprietary Aimed Optics™ technology, which increases light levels and visibility by strategically directing light to the target area. Evolucia fixtures require 50%-80% less energy than traditional lighting, and last for approximately 12 years without maintenance.
Some of the statements made by Evolucia in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Evolucia believes that its primary risk factors include, but are not limited to: development and maintenance of strategic acquisitions; domestic and international acceptance of our product lines; defending our intellectual property and proprietary rights; development of new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technologies and systems to support new products and services; and attracting and retaining qualified management and other personnel. Additional information concerning these and other important factors can be found within Evolucia's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
SOURCE Evolucia Inc.