DGAP-News: Global Dynamix Solutions GB PLC: GLOBAL DYNAMIX SUBSIDIARY CLEAN LIGHT GREEN LIGHT REPORTS 2010 FISCAL YEAR RESULTS AND 2011 FIRST QUARTER FORECAST
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Global Dynamix Solutions GB PLC: GLOBAL DYNAMIX SUBSIDIARY CLEAN LIGHT
GREEN LIGHT REPORTS 2010 FISCAL YEAR RESULTS AND 2011 FIRST QUARTER
FORECAST
08.02.2011 / 09:35
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Mt. Clemens, MI-- Clean Light Green Light (CLGL) a subsidiary of Global
Dynamix Solutions GB PLC trading on the Frankfurt Stock Exchange under the
symbol G6L, announced operating results for the 52 weeks ending December
31, 2010.
'Despite the global recession CLGL was able to grow 245% over previous year
end sales and with newly formed alliances, multiple certified product
releases, and the successful culmination of numerous pilot projects we
believe 2011 will be a chart-busting year.' shared CLGL co-founder and VP
of Global Business Development, Tom Meyer. 'We are actively promoting a
relatively new technology to the world. Economic indicators are emerging
that the U.S. is just coming out of recession and we are very encouraged by
the positive activity regarding moving large projects forward in 2011' he
adds.
CLGL Chief Executive Officer, David McKinney, stated, 'Our performance for
the last quarter and the year was less than we expected. We simply did not
achieve the level of sales necessary to produce more desirable results.
While there is wonderful progress with some very large retail companies and
federal government entities that are currently testing our lighting, we
truly anticipated that their pilot phases would have been completed earlier
and we would have received the large orders by year's end to report. We
remain solidly optimistic and committed to strengthening our appeal to
large commercial customers throughout the world.'
As with any new technology there is skepticism. Early on CLGL realized that
in order to be successful and well recognized in the industry, they needed
to first garner the proper lighting industry certifications. It was
concluded it would be counterproductive to engage in an aggressive
marketing campaign without certifications from the Department of Energy
(DOE), Underwriters Laboratories (UL), Canadian Underwriters Laboratories
(CUL), Restriction of Hazardous Substances Directive (ROHS) and
Illuminating Engineering Society (IES) that confirm output, energy usage
and savings claims. Large scale clients would simply not be willing to
invest in non-verified products. Achieving these certifications was time
consuming yet a highly critical aspect of the strategy to successfully
market and sell the products by instilling confidence in their performance.
McKinney relates 'Until relatively recently we were limited in our
offerings and our hands were somewhat tied as we methodically grew our
certified product portfolio, yet we were still able to increase our sales.
We accomplished this without a serious marketing effort and a relatively
small sales team, tempering our sales efforts to keep pace with our product
certification schedule. The modest increase in sales we enjoyed speaks
volumes to the quality of our products.'
The sales force is now growing steadily all over the world as new
distributors and manufacturer's reps are inquiring and contracting to sell
CLGL LED lighting. 'The fact that we have solid certifications and can sell
into many global markets has given us a distinct competitive advantage that
will become evident this year. We are already confirming this advantage
with recent robust orders from the Renewable Energy Division of Spain's
Marina d'Or', Meyer emphasizes.
Through the previously announced strategic alliance with Marina d'Or, CLGL
has been awarded its first large hotel project in the first quarter of
2011. 'This is very encouraging news and is an example of deals we
expected to close by the 2010 year end that will spill over to 2011.' says
co-founder and VP of Strategic Alliances, Rudy Mayes. 'We feel businesses
in 2010 remained cautious with spending and instead conducted extensive
testing and due diligence so they could move swiftly on capital
expenditures that help their companies' performances moving forward.'
In addition to the positive economic news being reported in the U.S., in
late 2010 CLGL was able to reduce product prices by 20 percent while
retaining their profit margin through the design of next-generation LED
lighting engines that are not only more cost effective but increase lumen
output by up to 40 percent. 'We released the new pricing in January 2011 to
our North American representatives and distribution points. They have been
well received, and we feel this will translate into volume sales for 2011.'
said CEO McKinney.
As noted by Strategies Unlimited analyst Robert Steele in a report titled
'The Market Outlook for High Brightness LEDs in Lighting Applications',
most LED lighting product and market development is carried out by small,
specialized companies. With the largest global portfolio of commercial,
municipal and industrial LED lighting, the majority of industry
certifications accomplished, a highly knowledgeable team that is leading
the evolution of LED lighting, and numerous large scale pilots completed,
CLGL is poised to claim a lion's share of the projected 150 billion dollar
LED retrofit market.
2011 First Quarter Forecast
Revenues
Sales $2,600,000
Other Income $50,000
Total Revenue $2,650,000
Cost of Sales $1,836,450
Gross Profit $813,550
** END OF NEWS RELEASE **
About Global Dynamix Solutions GB PLC
Wholly owned U.S. subsidiary Clean Light Green Light (CLGL) develops,
manufactures, and sells commercially viable LED lighting designed to
retrofit into existing infrastructure as well as new construction. Started
ten years ago, CLGL has demonstrated success in producing cost effective,
superior quality lighting solutions that provide substantial energy and
fiscal savings while reducing the carbon footprint. CLGL is a world leader
in the LED general illumination market and is one of the fastest-growing
businesses in the LED lighting industry. CLGL is headquartered in Mount
Clemens, Michigan and engages in global trade. To find out more, please
visit www.cleanlightgreenlight.com and http://global-dynamix-aktie.com
Referenced links:
The Market Outlook for High-Brightness LEDs in Lighting Applications
Global Dynamix Solutions GB PLC (DE: G6L Frankfurt, Xetra) is an
independent, exchange listed company operating in the segment of
'environmental services'.
This news release may contain certain forward-looking statements,
expectations, intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to the
management of Global Dynamix Solutions GB PLC as of the date hereof, and
actual results may vary based upon future events, both within and without
the control of the management, including risks and uncertainties that could
cause actual results to differ materially.
Management does not take any responsibility to update the contents of this
News Release in case new aspects arise or new conditions change the facts
available.
Registered office:
Global Dynamix Solutions GB PLC, 14 Hanover St., Hanover Square, W151GH
London, UK
Stock Exchanges: Frankfurt, Xetra
ISIN: GB00B4P15B15 WKN: A1C7RS
Contact: Steve Simon
Investor Relations Coordinator
Global Dynamix Solutions GB PLC415-932-8602
End of Corporate News
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111399 08.02.2011
Datum: 08.02.2011 - 09:35 Uhr
Sprache: Deutsch
News-ID 33158
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