Galenfeha Announces Projected 50% Increase In Fourth Quarter Revenues

Dec 09, 2015, 09:00 ET from Galenfeha, Inc.

FT. WORTH, Texas, Dec. 9, 2015 /PRNewswire/ -- Galenfeha, Inc., (OTC: GLFH) announces projected fourth quarter revenue increase of 50% over third quarter revenue of $275,000.00. A projected quarter on quarter comparison presents as a significant increase in the company's revenue generating ability. 

The strategic acquisition of the Daylight line of chemical injection products has proven to be a meaningful addition to the company's portfolio. Fourth quarter to date, chemical injection sales represent a 40% share of the company's revenue position with sales of the Galenfeha stored energy product line offering a 57% contribution. 

Secondary to successful testing and implementation by several of the world's largest oil and natural gas producers, United States military acceptance and recently solidified national distribution contracts, the sales of stored energy and chemical injection product lines have accelerated in a very tangible fashion.

Lucien Marioneaux, Jr., Galenfeha, Inc. President/CEO commented, "In two short years, we have moved from market introduction to product installation, and now have a nationwide distribution network of prominent and well-established partners. As a result, we are beginning to see the fruits of our labor in solid revenue growth which we expect to continue as our distribution network emerges."

About Galenfeha, Inc.

Galenfeha (GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems. 

For more information on Galenfeha's products and services, please visit www.galenfeha.com.

Contact:
Galenfeha, Inc.
Ft. Worth, TX
800-280-2404

Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

 

SOURCE Galenfeha, Inc.



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