Elevate Shows Revenue Growth for Q3 2012

SAN CLEMENTE, Calif., May 3, 2012 /PRNewswire/ -- Elevate, Inc. (ELEV.OB), today summarized developments during, and announced financial results for, its fiscal 2012 third quarter ended February 29, 2012. The company achieved sales revenue of $299,895, representing a 287% revenue growth over Q3 2011, and 140% growth over this year's Q2.

In addition to growing revenues, the Company increased recruiting activity 48% through the establishment of training hubs in multiple strategic markets. Q3 cost of sales increased 811% over the previous year, as the Company's need to maintain inventory increased in preparation for expanded Q4 2012 and Q1 2013 sales.

"We have been busy preparing for our big summer launch," explains Wright Thurston, Elevate CEO. "Summers are a big time for us, even though we sell year round. Our objective was to recruit, train and equip a substantial number of new sales reps without losing focus on our perennial revenues. We succeeded, and are in a fantastic position as we enter into the summer."

Elevate has been systematically opening recruiting and sales offices throughout the western United States as it builds its Certifiable Genius network. The network, which is comprised of independent consultative technology sales professionals, is the company's primary distribution channel, and greatest differentiator in an overcrowded and homogenous digital services marketplace.

"Elevate is a technology company that decided to get back into the people business," says Bryan Ferre, Elevate CMO. "We are dedicated to placing our young, smart, energetic advocates of customer service in front of as many potential customers as possible. To do that, we have implemented an aggressive expansion plan that is already beginning to bear fruit."

Elevate provides data, voice, video, mobile and security solutions in 22 major markets through a network of independent Certifiable Geniuses.

Press Contact
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Forward-Looking Statements
Certain statements, included in this release such as: "we have implemented an aggressive expansion plan that is already bearing fruit" and "Summers are a big time for us, even though we sell year round" other than purely historical information, including: estimates, projections, statements relating to our business plans, objectives, expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements. Forward-looking statements are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions, and are subject to risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a materially adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and changes in generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, can be found at our website www.goelevate.com, and in our filings with the SEC.

SOURCE Elevate, Inc.