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.
Ft. Worth, TX
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SOURCE Galenfeha, Inc.