XsunX Reports Increased Revenues and New Sales Opportunities
August 19 2014 - 6:00AM
eTeligis
ALISO VIEJO, CA (eTeligis Inc.)
ALISO VIEJO, CA , United States, via ETELIGIS INC., 08/19/2014 -
- XsunX, Inc. (OTCQB: XSNX), a solar energy solutions provider,
today announced that revenues continued to improve growing by 60%
in its third period while gross margins remained on target in
excess of 30%.
Tom Djokovich, CEO of XsunX, commented, "The other great news is
that we are continuing to build sales momentum with a rapidly
growing project bid channel now in excess of $10 million in
commercial solar system proposals. We also added sales people this
last quarter to help build the depth and quality of our bid
channel. With the sales cycle requiring about 3 to 6 months for
commercial systems, we saw the need to load our sales channel now
to see increasing sales in future periods and it looks like the
investments may begin paying off."
XsunX works directly with customers to document the financial
benefits available from solar PV for their businesses and then
provides access to zero down financing options, project design,
engineering, and turnkey warranted installation. They have
developed a highly skilled team and work exclusively with qualified
engineering and specialty contractors that help to ensure that each
project incorporates the most current technology and meets, or
exceeds, all regulatory compliance requirements.
Djokovich added, "This is an exciting time to be building a
strong brand presence in the commercial solar market. We believe
that solar adoption in the commercial market is still in its early
stages, and we are working very hard to deliver top quality systems
and service to ensure that XsunX develops a premium brand
awareness. Our focus now is to continue our progress towards
profitability."
About XsunX
XsunXprovides solar energy solutions with the greatest
bottom-line financial benefits for commercial and industrial users.
Our background and experience spans virtually all aspects of solar,
including technology assessment, design and development. The
company has developed a highly skilled team of qualified
engineering and specialty contractors with extensive commercial
solar experience necessary to service the diverse conditions that
can be encountered in commercial buildings. The company couples
this superior design and delivery capability with factory direct
pricing and zero down financing options to provide exceptional
solar power plant installation opportunities for its clients.
For more information, please visit our website at
www.xsunx.com.
Safe Harbor Statement
Matters discussed in this release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical facts included in this press release are forward-looking
statements. These statements relate to future events or to the
Company's future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects the
Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein, are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
Company Contact:
Tom Djokovich, President and CEO
949-330-8060
info@xsunx.com
SOURCE: XsunX ,
Inc.
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