DORAL, FL-- – January 31, 2014 - In Ovations Holdings, Inc. (OTC Pink: INOH) today released a letter to shareholders detailing the Company's recent launch of an Energy Services Company (ESCO) to provide cost effective lighting solutions that reduce electricity consumption and carbon emissions. The letter from President Rosendo Alvarez III and CEO Mark Goldberg highlights:
1. the Company's proprietary offering is manufactured and guaranteed by the largest manufacturing company in the United States and,
2. the Company's current hundred million dollar sales initiatives in South East Asia and Latin America.
In Ovations Holdings, Inc., formerly known as Marine Exploration, Inc., committed to its new ESCO direction in September of last year. To learn more about the onset of the Company's ESCO direction, select the link below:
The executive letter with the latest ESCO strategy is included in its entirety within this press release.
Dear Fellow Shareholders,
In Ovations Holdings, Inc. made many changes in 2013 and is anticipating a profitable 2014 and beyond.
After exploring a number of new business strategies last year, In Ovations Holdings restructured the corporate holding company and launched a new Energy Services Company (ESCO), Electro Verde, Inc. The ESCO is a wholly owned subsidiary of In Ovations Holdings selling proprietary products and services into the global industrial lighting market that reduce both electricity consumption and carbon emissions.
Green Tech Partnerships Backed By Fortune 500 Partnerships
In Ovations Holdings is building its product and service line through reseller partnerships with leading Green Technology companies. The first Green Technology partnership is with Coordinated Systems International (CSI).
CSI owns a patent on a proprietary technology to reduce electric power consumption. CSI, in partnership with a Fortune 500 company, offers the GradiLux Total Lighting System Solution (GradiLux Solution). In Ovations Holdings, Inc. has entered into an exclusive reseller agreement with CSI to sell the GradiLux Solution in South America. In Ovations Holdings, Inc. can also resell the GradiLux Solution globally on a non-exclusive basis.
Learn more about the GradiLux Total Lighting System Solution:
Learn more about Coordinated Systems International (CSI):
$100,000,000 Sales Objectives In Vietnam and Mexico
Our ESCO team departed January 2nd for Vietnam and subsequently traveled to Mexico. Both trips are part of a sales initiative to sell the GradiLux proprietary outdoor lighting solution to municipalities within Vietnam and Mexico. The lighting solution is expected to reduce the target municipalities' electricity consumption from outdoor lighting by forty percent (40%). The carbon emissions that result from powering outdoor lighting would similarly be reduced by forty percent (40%).
A typical target city for the GradiLux Solution will have from 100,000 to 200,000 streetlights. Ho Chi Minh City in Vietnam, for example, has 230,000 streetlights. One GradiLux device is required for approximately every 50 lights. A single lamppost usually has more than one light fixture. Estimating two lights per post, one GradiLux device would be necessary for every 25 lampposts. A city such as Ho Chi Minh City, with roughly 100,000 lampposts would require about 4,000 GradiLux units. At a cost of approximately U.S. $20,000 per unit, a citywide implementation would be approximately U.S. $80 million. In general, the anticipated price of a total solution for each target city could be as much as one hundred million dollars ($100,000,000). The target solution is designed to provide a two to five year return on investment.
Sights Set On LED Lights As Next Product In Green Tech Portfolio
CSI is the first of an anticipated portfolio of Green Technology partnerships. In Ovations is currently in negotiations with a LED lighting company that owns a patented LED lighting technology. The likelihood of a prompt partnership is high.
Financing In Ovations Client Solutions
In Ovations is also developing a number of financing partnerships intended to provide In Ovations' clients the backing to purchase In Ovations' solutions. The two to five year payback potential of CSI's GradiLux Solution provides a viable debt-financing platform.
Certifying the Carbon Credit Potential of GradiLux Solution
In addition to the financing partnerships, In Ovations is in discussions to partner with a carbon credit audit firm to evaluate and ideally certify the carbon credit potential of the GradiLux for municipal installations. The carbon credit potential has not yet been included in the ROI calculations of the GradiLux payback.
The prospects of In Ovations new ESCO subsidiary look very good for 2014. Both Vietnam and Mexico municipal opportunities are developing rapidly. Initial orders of the GradiLux Solution are eminently anticipated to support the engineering of subsequent comprehensive solutions. Please keep an eye on In Ovations as we continue our advance in 2014.
Mark Goldberg Rosendo Alvarez III
In Ovations Holdings, Inc.
“Safe Harbor Statement”
Under The Private Securities Litigation Reform Act of 1995: The statements in this presentation that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report for the year ended June 30, 2013, and the Company's Quarterly Report for the first quarter ended September 30, 2013. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Public / Investor Relations:
William A. Young Sr.
SOURCE: In Ovations Holdings, Inc.