TORONTO, ON--(Marketwired - Jun 4, 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 March 31, 2014.
Gross sales were $358,133 for the quarter ended March 31, 2014, compared to $254,466 for the quarter ended March 31, 2013, with ORCA service fees increasing from $54,855 in the first quarter of 2013 to $193,149 in the first quarter 2014, an increase of $138,294. The Corporation also generated gross profit of $98,211 for the quarter ended March 31, 2014.
A copy of the March 31, 2014 quarterly filing is available for download at http://www.otcmarkets.com/stock/TLGN/filings.
Q1 2014 Operational Highlights
Q1 2014 saw 6 new ORCA machines installed on the Service as a Solution model as the Corporation continues to prospect new markets and further develop its existing markets.
"We continue to see positive results from our ORCA service model," said Shawn Dym, CEO of Totally Green. "The progress and attention that our service model has gained, including being featured in the Wall Street Journal last month, has been exciting and we should begin to see the financial benefits of those efforts in the coming quarters."
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.