New York (March 11th, 2013) - Titan Energy Worldwide, Inc. (OTCQB:TEWI) announced earlier this month that it has released preliminary financial information for the year 2012.
The Company reports that total revenues grew 36% in 2012 to more than $19 million compared to $14 million in 2011. Equipment sales grew 28% and service sales grew 51%. Total operating expenses decreased by 11% in 2012 as compared to 2011, while corporate expenses were reduced by 60% and general and administrative expenses were decreased by 12%. Overall, the company posted a positive adjusted EBITDA for 2012 of approximately $350,000 compared to a negative EBITDA of approximately $1.5 million for 2011.
Titan Energy Worldwide, Inc. engages in the management and sale of power generation equipment and energy management solutions to industrial, commercial, and institutional customers worldwide.
Find out more on TEWI here:
Medical Marijuana, Inc. (OTC Pink: MJNA) informed shareholders and the general public that the firm has received favorable press in two well-known Boston-area newspapers as the State of Massachusetts nears the opening of its medical marijuana businesses. Last November voters in the State legalized marijuana for medical purposes and listed several qualifying conditions. As the State makes its way toward the implementation of voter's wishes, Medical Marijuana Inc. stepped up its presents there.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products, to whole plant or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries.
Find out if this is the moment investors been waiting for before trading MJNA here:
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