TUCSON, AZ / ACCESSWIRE / January 9, 2019 / ABCO Energy, Inc. (OTC PINK: ABCED) is pleased to announce they have completed the sale and financing of a $345,000 apartment building project in Tucson, Arizona.
The sale increased ABCO's year-end backlog of work to be completed in 2019 to $1.45 million. This amount of future production represents $975,000 of incomplete commercial projects and $475,000 of residential work, which will reflect well in first quarter results.
"We have doubled our annual sales volume over each of the last 2 years," said Charles O'Dowd, President of ABCO Energy. "We are confident we will produce the same results, if not more, in 2019."
Since ABCO completed nearly $3 million in projects during the last fiscal year ending in 2018, entering 2019 with nearly one half of this volume indicates an unprecedented, positive leap forward over the next 12 months.
"Sales gains and more profitable operations has always been our goal. Our emphasis on commercial sales efforts has been very successful. We believe we have made significant changes in our business model and expect that the change will have a truly positive effect on our management, employees and shareholders for the long term," O'Dowd continued.
About ABCO Energy
ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service. These qualities have allowed us to grow the business primarily through referrals, many of those based on actual customer reviews.
Safe Harbor Statement
Note: Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
CONTACT INFORMATION: Charles O'Dowd, Email: [email protected]
SOURCE: ABCO Energy, Inc.