SOURCE: Low Carbon Technologies International, Inc.
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.
"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.
About LCTI Low Carbon Technologies International Inc.
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 such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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