BOCA RATON, Fla., Sept. 30, 2011 /PRNewswire/ -- Energy 1
Corporation (OTC: EGOC) as announced earlier this month,
reached an agreement to start offering eco-friendly vehicles to
Master Lease customers. Today, they are pleased to report
their revenue projections for Q4 of 2011. It is anticipated
that E1 will generate in excess of $300,000 in revenue and will realize 20% EBITA
from truck & equipment sales during their first quarter under
the new agreement with Master Lease.
"We are very excited to kick off this project with Master
Lease," said Raymond T. Brown,
Chairman of E1, "and we look forward to growing this model over the
months and years to come. This is just the beginning, and
only represents a single quarter. Our goal is to grow this
revenue number to over $500,000 a
month over the next 3-6 months as we seek to build a $20MM
portfolio over time."
As part of the agreement, E1 will begin to integrate ExhausTek
and/or IonTek technologies - as well as other licensed products -
into retrofit vehicles for lease or sale to Master Lease customers.
The intent for E1 is to grow a portfolio of over-the-road
vehicles that have been retrofit to meet both current and future
emission standards while offering the consumer an economic solution
verses total vehicle replacement.
About Master Lease
Headquartered in Henderson,
Colorado, Master Lease provides lease financing for
over-the-road trucks & trailers. The company's 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.
For more information, please visit:
www.MasterLease.com
About Energy 1 Corporation
Headquartered in Boca Raton,
Florida, E1 is a manufacturer of fuel efficiency and
emission reduction solutions for retrofit on diesel powered
engines.
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
IR@Energy1Corp.com
SOURCE Energy 1 Corporation