Totally Green Reports Second Quarter 2015 Results
TORONTO, Aug. 21, 2015 /PRNewswire/ -- Totally Green, Inc. (PINKSHEETS: TLGN) ("Totally Green" or the "Company"), an innovator in organic food waste processing and diversion, reported results for the quarter ended June 30, 2015.
Total revenue was $436,165 for the quarter ended June 30, 2015, compared to $381,294 for the quarter ended June 30, 2014. ORCA service fees increased from $218,290 in Q2 2014 to $377,023 in Q2 2015. The Company also reported a gross profit of $188,571 in Q1 2015 compared to $188,209 in Q1 2014.
A copy of the complete audited financial statements is available for download at http://www.otcmarkets.com/stock/TLGN/filings.
Q2 2015 Operational Highlights
The Company began the roll-out of a partner and reseller program this quarter, which is expected to meaningfully contribute to the growth of the Company in the future.
Management Commentary
"We continue to see strong growth in our ORCA service fee base." said Shawn Dym, CEO of Totally Green. "We've expanded our service coverage territory into parts of California, and are excited by the opportunity such a large market holds."
About Totally Green
Totally Green, Inc. develops and markets the Corporation's ORCA Green™ Machine. The ORCA (Organic Refuse Conversion Alternative) machine allows for rapid composting of most organic material in institutional and commercial end-user applications, after which the liquid compost is disposed of through the ordinary sewer system. The machine creates meaningful cost savings for customers while diverting food waste from landfills and reducing methane gas production. For more information, please visit www.feedtheorca.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, the uncertainty of market trends, the competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.
SOURCE Totally Green, Inc.
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