PHOENIX, Jan. 15, 2020 /PRNewswire/ -- Alpine 4 Technologies' (OTCQB: ALPP) subsidiary, Quality Circuit Assembly (QCA), is proud to announce that in the fourth quarter of 2019 it received several contracts totaling roughly $1.5 million of revenue for Q1 of 2020. These contracts were received from both new and existing customers from a variety of exciting different industries including EV (electric vehicles) and Robotics companies.
QCA's leadership attributes the influx of new contracts to a steadfast focus on growing sales, capital reinvestment in new equipment, and existing customer loyalty. With the addition of a new Business Development Manager, QCA expects revenue and its customer base to continue to increase year over year.
Jeff Hail, QCA's President, had this to say, "We are proud to announce that QCA has seen a spike in demand for our manufacturing services in Q4 of 2019, which in turn should result in a fantastic first quarter of 2020. So, we are very optimistic about our growth potential for this year and upcoming years."
QCA has provided manufacturing support to customers around the world since 1988.
About Alpine 4 Technologies: Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4 we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies even in brick and mortar businesses can drive innovation. We also believe that our holdings should benefit synergistically from each other and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards but also increase value for our shareholders.
Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.