Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Electron Solar Energy Issues CEO Letter to Shareholders

Thu. January 22, 2009; Posted: 10:10 AM
Stocks RSS
MIAMI, Jan 22, 2009 (BUSINESS WIRE) -- ESRG | Quote | Chart | News | PowerRating -- Electron Solar Energy (OTC:ESRG) issued the following letter to shareholders today:

Dear Electron Shareholders,

In a 2008 economy in which almost every business sector faced downturns and cutbacks, the alternative energy source industry improved significantly. Electron Solar Energy benefited substantially, achieving record sales and profits. In a world of diminishing fossil fuels, we are poised to continue that growth.

Electron ended 2008 with over $3 million in revenue, and is now running at an annualized pace of close to $5 million. In 2008 we doubled our core business for solar energy products, and completed two strategic acquisitions, a million-dollar business unit, Southern Automotive Products (www.sapfl.com), a fabricator and distributor of high-quality machine parts and tools, and Express Communications (www.expcomm.com), a multi-national manufacturer of custom cables and telecommunications equipment. These additions are part of our strategy to grow through acquisitions of synergistic companies, as well as increasing market penetration through our existing core businesses.

Marketplace attention is increasingly focused on advances in solar technology. This is a trend upon which Electron is now positioned to capitalize. As a large volume distributor, we have the flexibility to modify and maintain proper inventory levels to satisfy all emerging alternative energy demands.

Electron entered 2009 with significant orders on hand for all of our divisions; our solar energy installation unit in particular. We are investing in additional international sales resources, thereby increasing our volume, while vigorously controlling our overhead to maximize profit for our stockholders.

Our marketing efforts utilizing the Internet have proven very effective, resulting in both domestic and international inquiries and sales. (Please visit www.electronsolarenergy.com for a complete directory of websites.) We have expanded our regional penetration in the solar energy installation market with a dedicated website www.solarinstallationFL.com. National media attention is increasing, and we have retained a public relations firm to maximize media coverage. As an example, our installation of "solar panels as art" functioning installation at the world-renowned Art Basel Miami in December received rave media reviews. These steps are improving our position in the industry, the media, and local markets. In 2009, we will leverage that exposure to generate larger installation contracts.

With the recent change in Florida legislature a new property tax credit for alternative energy conversion, businesses and homeowners will have a greater incentive to act in 2009 than ever before. We anticipate that other States and the Federal Government will pass similar legislation. Electron is positioned to capitalize on these new opportunities.

Our network of international distributors and dealers is growing. We are poised and ready to capitalize on the explosive growth our industry is experiencing in 2009 and beyond. Our investments and acquisitions are strategically targeted toward increasing profits, as well as shareholder value. This will enable us to increase inventory levels sufficiently to meet growing market demand.

Your trust and confidence in management is greatly appreciated. Our entire management team is focused on growth of shareholder value. We thank you, our shareholders, for your past loyalty and support, and we look forward to a rewarding and exciting future for all of us.

Sincerely,

Christopher Quinn Chief Executive Officer

SOURCE: Electron Solar Energy

Electron Solar Energy, Miami Christopher Quinn, President and CEO, 305-756-6789

For full details for ESRG click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.