DGAP-News: Seesmart Holdings Inc. Reports Revenue Results: Significant revenue growth and business expansion
(firmenpresse) - DGAP-News: Seesmart Holdings Inc. / Key word(s): Development of Sales
Seesmart Holdings Inc. Reports Revenue Results: Significant revenue
growth and business expansion
24.08.2011 / 08:30
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Simi Valley, California - Seesmart Holdings, Inc. (Frankfurt: APF) a
leading provider of LED lighting technology today announced the release of
its revenue performance for fiscal 2009, 2010 and the first half of 2011.
The Company's unaudited revenue results, in U.S. dollars, were $3.6 million
for 2009, $5.9 million for 2010, and $4.0 million for the first half of
2011.
From 2009 to 2010, Seesmart's total revenue grew more than 64%. In the
first half of 2011, ended June 30, 2011, the Company achieved 68% of the
revenue generated for the full year 2010. The Company attributes its rapid
growth to the expansion of its distributor and dealer network and the
growing adoption of LED lighting by commercial, industrial and government
customers.
'We are very pleased to report our topline revenue performance. Our
business is growing at a very strong rate due to the quality of our
products, the breadth of our distribution network and the adoption of LED
technology,' said Ken Ames, Chief Executive Officer of Seesmart Holdings.
'Our performance is a true testament to the quality of the Seesmart product
line. With over 325 products for commercial, industrial, government, and
consumer markets, we believe Seesmart has one of the largest product
offerings in the market today. Additionally, we have put significant
effort into building our internal sales force and our distribution network,
providing our customers access to highly trained resources to assist in the
evaluation, design and implementation of LED technology. We believe the
investments we are making will result in continued significant growth and
the generation of meaningful shareholder value.'
The Company intends to release additional financial information prior to
the end of its third fiscal quarter ending September 30, 2011.
About Seesmart
Seesmart Holdings, Inc., through its wholly-owned subsidiary Seesmart,
Inc., is a leading provider of complete LED lighting solutions with decades
of experience in research and development, manufacturing and distribution.
Seesmart offers an extensive product line to meet most commercial or
residential needs and delivers a rapid ROI, high-quality products backed by
up to a five-year warranty, immediate energy savings and true retrofit
solutions. For more information, please visit www.seesmartled.com.
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 Seesmart 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.
** END OF NEWS RELEASE **
Seesmart Holdings, Inc. (DE: APF) is an independent, exchange listed
company which, together with its operating subsidiary Seesmart, Inc., a
Delaware corporation (collectively 'Seesmart'), operates in the segment of
'Cleantech / LED Technology.'
Registered office:
Seesmart, Inc.
4139 Guardian Street
Simi Valley, CA 93063
Tel: +1 877.578.2536
Fax: +1 888.239.0959
info(at)seesmartled.com
www.seesmartled.com
ISIN: CA8157841039
WKN: A1JFM8
Frankfurt, Open Market
For more information contact:
Brooke Wagner
brooke.wagner(at)seesmartled.com
+1.877.578.2636
End of Corporate News
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136703 24.08.2011
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