Green Ballast, Inc. Chief Executive Officer, Kevin Adams, Has Released the Following Letter to Shareholders
April 26 2012 - 8:00AM
Green Ballast, Inc. (OTCBB:GBLL) Chief Executive Officer, Kevin
Adams, has released the following letter to shareholders:
Dear Shareholders,
The Green Ballast management team has have been working
diligently on many important fronts, and I am pleased to take this
opportunity to update you on the company's progress.
- Green Ballast became a public company on December 20, 2011,
when the Securities and Exchange Commission declared our S-1
Registration Statement effective. Just last week we received our
trading symbol from the Financial Industry Regulatory Authority,
permitting trading of our common stock under the symbol "GBLL".
- On the sales front, the company has added three additional
national sales personnel to our team to help grow our sales
channels, each with more than twenty years' sales experience in the
lighting industry. We believe it is a testament to our
business strategy, products and prospects that these lighting
veterans left secure positions to join our team.
- We have also expanded our engineering staff to include a Power
Supply Design Engineer, a Software Design Engineer, a Circuit Board
Design Engineer, a Computer Engineer and a Project Management
Engineer. We have established a testing laboratory in Las
Vegas, Nevada, in close proximity to some of our engineers.
- We are scheduled to participate in several key strategic
lighting and technology conventions, workshops and speaking
engagements this year to continue raising customer awareness of the
effectiveness and efficiency of our integrated lighting
controls. These presentations allow us to demonstrate to
potential customers, distributors and other industry personnel our
products' simplicity of installation and economically beneficial
results.
- We have enhanced our business model to offer our sales channel
partners both innovative and return-oriented solutions that
increase their value to their customers. Accordingly, we are
watching our potential sales pipeline develop and expect the market
will reward us with an exciting 2012.
It is truly an enjoyable and rewarding experience to lead a
company that provides an efficient solution to one of today's most
pressing problems - energy conservation. I personally
appreciate your investment, your trust and your confidence in Green
Ballast.
With kindest regards,
J Kevin Adams
Chief Executive Officer
Additional Investor Information: The
Company had several inquiries about buying stock in the public
markets. In most instances, if you contact your broker he/she
should be able to assist you. If your broker has any
questions, please have them call Pennaluna & Co. at
800-535-5329 as they are the "market maker" of record for GBLL and
they will be able to assist them or you directly.
This letter contains ''forward-looking statements'' within the
meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include all statements
that do not relate solely to historical or current facts, and you
can identify forward-looking statements because they contain words
such as ''believes,'' ''expects,'' ''may,'' ''will,'' ''should,''
''seeks,'' ''approximately,'' ''intends,'' ''plans,''
''estimates,'' ''projects,'' ''continue,'' ''initiative'' or
''anticipates'' or similar expressions that concern our prospects,
objectives, strategies, plans or intentions. All statements made
relating to our operating and growth strategies, product
development, energy cost savings, customer relationships, sales
strategies and future growth prospects are forward-looking
statements.
These forward-looking statements are subject to risks and
uncertainties that may change at any time, and, therefore, our
actual results may differ materially from those expected. We derive
many of our forward-looking statements from our operating budgets
and forecasts, which are based upon many detailed assumptions.
While we believe our assumptions are reasonable, it is very
difficult to predict the impact of known factors, and, of course,
it is impossible to anticipate all factors that could affect our
actual results. These factors include, but are not limited to: our
future financial performance, including our revenue, cost of
revenue, operating expenses and ability to achieve and maintain
profitability; our ability to market, commercialize and achieve
market acceptance for our daylight harvesting ballasts, wireless
programmable ballasts or any other product candidates or products
that we may develop; our ability to innovate and keep pace with
changes in technology; the success of our marketing and business
development efforts; our ability to maintain, protect and enhance
our intellectual property; the effects of increased competition in
our market; our ability to effectively manage our growth and
successfully enter new markets; and the attraction and retention of
qualified employees and key personnel.
All subsequent written and oral forward-looking statements
attributable to us, or persons acting on our behalf, are expressly
qualified in their entirety by these cautionary
statements. The forward-looking statements included in this
letter are made only as of the date hereof. We undertake no
obligation to publicly update or revise any forward-looking
statement as a result of new information, future events or
otherwise, except as otherwise required by law.
CONTACT: Pennaluna & Co.
800-535-5329