TORONTO, ON--(Marketwired - Nov 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 September 30, 2014.
Gross sales were $328,708 for the quarter ended September 30, 2014, compared to $168,092 for the quarter ended September 30, 2013, with ORCA service fees increasing from $114,901 in the third quarter of 2013 to $275,139 in the third quarter 2014, an increase of $160,238. The Corporation also generated gross profit of $131,924 for the quarter ended September 30, 2014.
A copy of the September 30, 2014 quarterly filing is available for download at http://www.otcmarkets.com/stock/TLGN/filings.
Q3 2014 Operational Highlights
Q3 2014 represented another strong quarter for the Company which saw considerable activity, installing 12 new ORCA machines on the Service as a Solution model and having received signed orders for another 13 ORCA machines.
"This quarter represented a significant step forward for us," said Shawn Dym, CEO of Totally Green. "We saw meaningful increases in service revenues, with service revenues increasing 26% over the previous quarter and 139% over the same quarter for last year, as we begin to realize the benefits of the positive recognition of the ORCA system over the past few months and look forward to continuing to building upon this in the months to come."
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.