EUCLID, OH / ACCESSWIRE / April 20, 2023 / US Lighting Group, Inc. (OTC PINK:USLG) ("USLG" or the "Company"), an innovative composite technology provider, today announced that it had revenues of $1,083,114 for 2022 resulting from an upsurge in Cortes Campers RV travel trailers sales. Its new startup company, Futuro Houses, LLC, also generated a portion of the revenue gain.
"We are thrilled with the outcome of the 2022 financial results," said Anthony Corpora, CEO and President of the USLG. "Thanks to our hard-working team, we exceeded our financial goals through leveraging resources, streamlining the manufacturing processes, building a stronger workforce, and beating production expectations. Total sales on December 31, 2022, were $1,083,114, far surpassing the prior year's level of $67,000. We anticipate that 2023 results for the first quarter will show a substantial increase over last year during the same period."
"Contributing to these gains is an increase in the number of dealers joining the Cortes Campers family along with the number of its 100% molded fiberglass RV travel trailers delivered to distributors across the country. There's a steady increase of consumer RV purchases fueled by the onset of summer and camping season. Another positive note is the tremendous interest in the planned 22-ft and the 27-ft models in Cortes Campers summer and year-end lineup."
For more information, including the Company's audited financial statements for the year ended December 31, 2022, please click here to review the US Lighting Group Annual Report on Form 10-K filed with the Securities and Exchange Commission.
About USLG
US Lighting Group (OTC PINK:USLG) has three subsidiaries which design and market various products: Cortes Campers, LLC, for molded fiberglass travel trailers and campers; Futuro Houses, LLC, for fiberglass houses; Fusion X Marine, LLC, for high-performance boats; and one subsidiary, Mig Marine Corp., which manufacturers composite products. The Company and its subsidiaries have manufacturing and R&D facilities in Cleveland, Ohio. For additional information: www.uslightinggroup.com
About Cortes Campers, LLC
Cortes CampersTM is a revolutionary designer and marketer of state-of-the-art recreational vehicles, utilizing the highest quality marine materials to create lighter, stronger, and more durable RV travel trailers and campers. For additional information: www.cortescampers.com
About Futuro Houses, LLC
Futuro HousesTM is an innovative designer and marketer of state-of-the-art molded fiberglass houses, employing the highest quality marine materials to create lighter, stronger, and more durable houses for off-grid, residential, and businesses. For additional information: www.futurohouses.com
Forward-Looking Statements
Certain statements in this news release, including, but not limited to, reference to distribution, demand, orders, sales goals, profitability, design effects, growth of the production and industries, may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. Statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
Investor Relations Contact:
Chris Witty
646-438-9385
[email protected]
SOURCE: US Lighting Group, Inc.