RenuEn Corporation (OTC Pink: RENU) (PINKSHEETS: RENU) a Renewable Energy Development and EPC Company released their 2014 Second Quarter Report showing a sixty percent increase of the record first quarter revenue reported in Q1.
Jeff Nemes, CEO of RenuEn stated, "Today I am pleased to announce significant growth in our first year revenues. The Company's 2014 initial roll out of our National Energy Solutions Program began with First Quarter revenue that exceeded 1,300,000. Building on our initial roll out while also reinvesting in our infrastructure, the company generated $2,176,805 in the second quarter giving us a 60% revenue growth."
Nemes continued, "While the company was not able to increase net earnings at the same percentage of growth, we were able to reinvest a significant amount of earnings into building our infrastructure using earnings from cash flow verses borrowing or utilizing debt instruments." Nemes added, "During the second quarter we have been able to cash flow the building of a state of the art platform that allows us to manage our national program online and web based. This platform is an online sales, marketing dispatch and management databank that is proprietary to RenuEn. Having a web-based, comprehensive management of our systems and processes gives our team the ability to sign on a new dealer and instantly 'flip a switch' to bring them online."
Nemes continued, "We now have all of the pieces needed to not only add dealers nationally by selling them product, management tools and finance options through RenuEn Finance Solutions (RFS), we also have the ability to service them and manage the processes remotely. We literally have the ability to open a fully operational sales office or dealer in any selected market in a two week time frame and begin generating sales and revenues within the first 21 days of opening a market."
Nemes concluded, "There are a significant amount of corporate developments and new office openings that I will be announcing in the coming weeks. I will also be announcing a shareholder conference call to be held the first week of September to discuss corporate developments and to provide our loyal shareholders a demonstration of our state of the art platform."
About RenuEn Corporation
RenuEn Corporation (www.RenuEn.com) is a Renewable Energy Development, Engineering, Procurement and Construction (EPC) Company. The company focuses on Renewable Power projects and the development of solar, geothermal and other renewable energy strategies installing energy saving products and services for residential and commercial clients.
Follow RenuEn on Facebook: facebook.com/RenuEnCorp
Follow RenuEn on Twitter: @RenuEnToday
Follow RenuEn's CEO on Twitter: @RenuEnCEO
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact and Inquiries for Investor Relations:
Paramount Advisors, LLC
SOURCE: RenuEn Corp