TORONTO, ON--(Marketwired - Aug 14, 2014) - Totally Green, Inc. (PINKSHEETS: TLGN) ("TG" or the "Corporation"), an innovator in organic food waste processing and diversion, reported results for the quarter ended June 30, 2014. Gross sales were $381,294 for the quarter ended June 30, 2014, compared to $161,519 for the quarter ended June 30, 2013, with ORCA service fees increasing from $78,920 in the second quarter of 2013 to $218,290 in the second quarter 2014, an increase of $139,370. The Corporation also generated gross profit of $188,209 for the quarter ended June 30, 2014.
A copy of the June 30, 2014 quarterly filing is available for download at http://www.otcmarkets.com/stock/TLGN/filings.
Q2 2014 Operational Highlights
Q2 2014 represented a significant step forward for the ORCA, as a the Company saw considerable activity, installing 11 new ORCA machines on the Service as a Solution model and having received signed orders for another 11 ORCA machines.
"We've begun to see momentum building in our sales efforts," said Shawn Dym, CEO of Totally Green. "We continue to garner positive attention in the media, being featured in the Wall Street Journal, as we previously mentioned, and more recently being featured in the Toronto Star (http://www.thestar.com/sports/hockey/2014/07/23/nhl_warns_hockeys_future_threatened_by_climate_change.html). With the positive media and momentum, we should continue to see stronger financial results in the coming quarters as we continue to build out new markets."
About Totally Green
Totally Green, Inc. develops and markets the Corporation's ORCA Green™ Machine. The ORCA (Organic Refuse Conversion Alternative) machine allows for rapid composting of most organic material in institutional and commercial end-user applications, after which the liquid compost is disposed of through the ordinary sewer system. The machine creates meaningful cost savings for customers while diverting food waste from landfills and reducing methane gas production. For more information, please visit www.feedtheorca.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, the uncertainty of market trends, the competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.