BOCA RATON, Fla., Dec. 5, 2012 /PRNewswire/ -- Energy 1 Corporation
("E1") (OTC: EGOC) announces its financial performance for the
third quarter of 2012.
Energy 1 is please to report operating income of $1,338,814 and EBITA of $346,868 for the nine months ending September 30, 2012. This is compared to
operating income of $12,500 and EBITA
of ($182,787) during the same period
last year.
"The Company achieved many of the goals we set for 2012," said
Raymond T. Brown, Chairman of
E1. "Energy 1 now has a platform from which to grow, and the
recent acquisition of Master Lease represents a major step in that
direction."
About Master Lease
Acquired by Energy 1 in September of 2012, Master Lease is a
40yr+ truck & trailer leasing business based in Henderson,
Colorado. Their customer base consists primarily of
owner-operators and small trucking companies who haul for regional
distributors such as First Choice Transport, Greatwide Logistics,
HVH, Landstar, Monfort, National Carriers and Power Source.
Master Lease's present portfolio is comprised of more than 150
active leasing customers with approximately 250 over-the-road
trucks & trailers, as well as some specialty equipment.
For information about Master Lease, please visit:
http://www.MasterLease.com
About Energy 1 Corporation
Headquartered in Boca Raton,
Florida, E1 develops, manufactures and distributes fuel
efficiency and emission reduction solutions for retrofit on diesel
and gasoline powered equipment. E1's technologies are
available for variable as well as constant speed motors and can be
configured to meet most desires or need.
For more information about E1 Trucks, the TekFuel System, the
ExhausTek or IonTek solutions available for your truck or fleet,
please feel free to contact E1.
For more information, please visit: www.Energy1Corp.com
Forward-Looking Statement: Please be advised that
statements made herein, other than historical data, constitute
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from those
stated or implied by such forward-looking statements.
Contact:
Energy 1 Corporation
561-347-6462
Info@Energy1Corp.com
SOURCE Energy 1 Corporation