BRIGHTON, Mich., Oct. 12, 2015 (GLOBE NEWSWIRE) -- CGE Energy (OTCPink:CGEI), a high-growth energy solutions provider, announced today that its OTC Markets ticker symbol will change to "CGEI", effective as of the opening of trading on Monday, October 12, 2015.
"By aligning our stock symbol and CGE Energy brand name, we are now well positioned to deliver a clear and consistent message to both the investment public and to the growing number of customers we serve," said CGE Energy President/CEO Bryan Zaplitny.
As previously stated, CGE Energy has entered as a newly trading public company after decades of operating as a privately held company. “As the needs of the energy market have grown, we have diversified our portfolio of solutions and have focused on residual income streams,” comments Zaplitny. The company’s continued growth momentum, combined with a strong balance sheet, gives CGE Energy the flexibility to respond to new market opportunities.
CGE Energy has developed strategic partnerships with leading U.S. manufacturers in their respective industries, Cree® LED lighting and SolarWorld® solar generation.
Currently in it's final analysis for mass production, CGE Energy has developed its own vertical-axis wind turbine, the WIND•e20®, which is poised to revolutionize the wind turbine market with its patented advancements. CGE Energy installs the ideal combination of these technologies at no capital cost to the end user, which separates them from their competitors.
In CGE Energy’s first quarter filed as a publicly trading company, the company showed a solid foundation with no debt and a small public float. In the June 30 statement, CGE Energy profited $172,553 from gross sales of $1,780,391 in the fiscal quarter.
CGE Energy signed new long-term Power Purchase Agreement contracts during this period. As of June 30, unbilled revenue of all long-term contracts is $4,623,916. Future long-term contract revenues are an ongoing, residual based annuity for the company and are not reflected in the sales numbers reported in the financial statements.
Zaplitny concludes, “As we are currently opening additional offices, I believe we are well positioned to meet global challenges and demands we are facing today. Distributed [on-site] generation is the future. It brings stability and security to the energy grid and our nation. The Integrated Solutions we engineer bring sustainability and empowers business owners, government officials, and citizens to make a difference with the power they use.”
About CGE Energy
CGE Energy (OTCPink:CGEI) is the leading engineer of no capital cost energy solutions. Headquartered in Brighton, Michigan, the company integrates the optimal configuration of renewable energy and energy efficiency technologies to meet their customers unique energy needs. Today the company serves customers in the U.S. and abroad, using energy technologies that include Cree® LED lighting, their patented WIND•e20® wind turbine and SolarWorld® solar generation. http://www.cgeenergy.com
This press release may contain forward-looking statements including statements regarding our expectations, beliefs, intentions or future strategies that are signified by the words “expects,” “anticipates,” “intends,” “believes” or similar language. These forward-looking statements involve risks, uncertainties and other factors. All forward-looking statements included in this press release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results to differ materially from those projected in the forward-looking statements.
Contact: Paul Schneider 248-446-1344, firstname.lastname@example.org