Business
LCTI Low Carbon Technologies International Inc. Update
LCTI Low Carbon Technologies International Inc. Update.
About this update from Lcti Low Carbon Technologies Intl
[{"type":"text","content":"\n \n \n LCTI Low Carbon Technologies International Inc. Update\n \n \nLCTI Low Carbon Technologies International Inc. Update\n \n VANCOUVER, BC and HOUSTON, TX--(Marketwired - Dec 9, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that the company generated over $6 million in revenue in 2013, up 72% from last year. We were EBITDA positive for the year, and achieved $1.2 million in the fourth quarter alone. \n \"We have been able to significantly expand our customer base via acquisitions. Moreover, these acquisitions provide us strong recurring revenue and cash flow. Our strategy is to combine these legacy operations with promising green technologies in our portfolio that provide new revenue streams with significant upside potential. Through this model, we are able to accelerate the growth of these legacy businesses while de-risking new technologies. Through this strategy, our portfolio companies benefit from bringing together a proven management team with industry experience; established sales/distribution channels; and a stable business model with the ability to internally fund growth,\" stated CEO Bryan Scott Jarnagin.\n About LCTI Low Carbon Technologies International Inc.\n Safe Harbor\n This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the \"ACT\"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology ...