×

CGE Energy Reports Financials for Period Ending September 30, 2015

BRIGHTON, Mich., Nov. 12, 2015 (GLOBE NEWSWIRE) -- CGE Energy (OTCPink:CGEI) has released its Consolidated Financial Statement for the six-month period ending September 30, 2015. The Consolidated Financial Statement in its entirety can be viewed at www.otcmarkets.com/stock/CGEI/filings.

In the statement, CGE Energy profited $261,628 from gross sales of $1,450,835 in the fiscal quarter, totaling $434,181 in net income and $3,231,226 for the six-month period. CGE Energy signed new long-term contracts during this period. As of September 30, 2015, unbilled revenue of all long-term contracts is $6,202,069. Future long-term contract revenues are not reflected in current sales numbers reported in the financial statement.

“We are pleased to report another strong quarter,” said Bryan Zaplitny, President and CEO of CGE Energy, “Our net income increased from 9.7% in the first quarter to 13.4% for the six-month period. These increases reflect the continued successful execution of our operational plan to improve both top and bottom line results.”

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 may differ materially from those projected in the forward-looking statements.

Contact: Paul Schneider 248-446-1344, pschneider@cgeenergy.com

Source:CGE Energy