Go Green Global Technologies, Inc. Web site : www.gogreentechcorp.com
is a U.S. company focused on developing and marketing innovative products that support and help sustain the environment.
Go Green Technologies Corp. provides unique and energy efficient solutions to environmental problems.
Go Green Technologies Corp. offers the opportunity for talented people to develop goal oriented teams aimed at providing efficient and environmentally sustainable products.
Go Green Technologies Corp.'s products will enhance and optimize natural resources that have been compromised by pollutants, degeneration and exploitation.
Go Green Sonical Water Treatment System work on water plants of any size and capacity load, ensuring full scale removal and a 95% decrease in bacterial load.
The Go Green Sonical Fuel Charger according to tests from the Marina Militare(Italian Navy) have demonstrated fuel savings of up to 10% and emission reductions of up to 60%.Results may vary depending on driver, type of fuel and weight of load.
Go Green Technologies Corp. encourages exclusive distribution opportunities and partnerships for environmentally conscious entities committed to the development of progressive alternatives that will sustain and enhance our precious natural resources.
CEO Letter :
January 5, 2016
It has been three months since I have had the pleasure of working at Go Green Global Technologies. I wanted to take this opportunity to provide a company update and tell you a little about what we have been working on since my arrival. There is no doubt that 2015 was a very challenging year for the company, but it was not one without some highlights. I am enthusiastic about the growth potential of our Sonical technology and our company.
The first half of the year was spent bringing our factory to the United States. With the relocation of the factory, we now have far greater control over the manufacturing process, production times and quality. Having the manufacturing under our roof will allow us to better meet the demands of our customers and fill orders. Along with the manufacturing, we brought over the R&D component of our business. This will allow us to increase innovation and improve our existing products, while also seeking new applications and products. Moving the manufacturing to the United States will also allow us to better manage production as our order flow grows from our newly designed sales process. This should allow us to avoid some of the delays associated with having to change the production line in order to accommodate different products and allow us to become more efficient. It will also help us better manage cash flow and costs from buying raw materials.
While sales suffered because of the factory move, there were some highlights which indicate that we are on the right path. Our Sonical technology has been well received; but, as with any new technology that is brought to market, we are addressing the adoption rate hurdles. Our products have been successfully introduced globally to customers across three different continents. We have provided chemical free, green solutions to customers in several key markets.
An assisted living facility has installed our water units in their facilities as an alternative to the conventional water softener equipment they were using in order to reduce the amount of sodium introduced to the water used for cooking and drinking. This is beneficial to their residents because it reduces the amount of sodium that they ingest in their diet. We anticipate that we will receive additional orders for their other facilities. Given the size of the assisted living industry and the benefits of Go Green’s technology can provide, we expect to see substantial long term revenue from this market.
We continue to sell our products to diesel trucking fleets and also conduct fuel economy studies with these customers in the United States and Canada. We have recently concluded several tests for our diesel fuel units on trucks in the United States and Canada including a well-known transportation company. They found a significant improvement in the fuel economy of their trucks as a result of our technology. We installed units in 25 of their trucks, which have shown an average increase in fuel economy of approximately 8%. We expect to receive additional orders from this customer and to see the benefit of these fuel studies with new customers in the near future. We expect the transportation industry to be one of our largest global markets as both an aftermarket product and as a device installed by the original equipment manufacturers. We have already begun discussions with multiple OEMs in the automotive industry to explore ways we can reduce their emissions while also improving fuel economy and vehicle performance. As government mandated fuel economy standards and emissions requirements become more burdensome, we believe our product will be an integral part of the solution for meeting these requirements.
We have also begun the process of seeking the required insurance approvals and certifications for installations of our technology in ships for the maritime industry. As a solution for the near term emissions requirements facing the maritime industry, and our ability to substantially reduce their fuel costs
Our fuel units have been successfully installed on furnaces in municipal buildings. These units have dramatically reduced heating oil consumption and emissions for these customers. Annual maintenance costs have been reduced for these customers because of our Sonical units, while the improvement in efficiency has provided them with lower heating bills.
We have several tests of our water units going on with some well-known restaurant chains, further validating the function of our products. As the tests prove successful, we anticipate receiving orders. This testing process can take several months to conclude but we anticipate having positive results to share with investors and customers in the near future.
In November, we engaged a consulting company to help us raise capital and introduce us to influential customers. Through this relationship, we have already begun to investigate and evaluate strategic partnerships, alliances, licensing opportunities and other arrangements. Although this relationship is new, things are progressing quickly.
2015 proved to be a very challenging year for Go Green. However, since my arrival in October, we have addressed many of the key issues facing the company. Our work is far from done, but we are already beginning to see the fruits of our labor. We have established new structure and framework for the company, so that Go Green may be put in a position to have a successful year in 2016. We have made excellent progress so far on some of the issues that have been around for years. The Go Green team has worked extremely hard in 2015 to set the company up for success in 2016. We look forward to continuing this hard work and improving shareholder value in the coming year.
I wish you a happy and healthy new year!
Go Green Global Technologies: Expanding firm now in Oxford
GoGreen Management Team :
OXFORD -- A Milford company has relocated to the Hurley Farms Industrial Park with plans to expand as it markets its innovative, environmentally friendly technologies -- and it can thank, at least in part, a state tax credit program.
Go Green Global Technologies Corp., a public company whose stock is traded over the counter under the symbol GOGR, designs and manufactures water-treatment and fuel-efficiency systems. Its products are sold to commercial, industrial and residential customers.
According to John D'Alessandro, Go Green's president and chief executive officer, its water-treatment system was developed by accident.
"It was invented by Mario Pandolfo in Tuscania, Italy," D'Alessandro said last week. Pandolfo, he said, was trying to create a static power generator, but his invention produced so much heat he needed to cool it with water.
He then discovered that what he had created was an efficient descaler -- a system that could not only remove deposits left on the inside of tanks by chemicals in the water, but also prevent the deposits from forming. The device also reduced bacteria and algae, and eliminated the need for water softeners.
When Pandolfo went to sell the generator, "people were more interested in the descaler," D'Alessandro said.
GO GREEN'S TECHNOLOGY, called the Sonical Water Treatment System, is "green" because it uses no chemicals. It is used by restaurants, hotels, food processing plants, and in pools, as well in as in hospitals, cooling towers and government buildings.
The company also produces a Sonical Fuel Charger. The device attaches to fuel lines that feed engines powering everything from big rigs to oil furnaces. When combined with a special lubricant that reduces friction by 70 percent, and an additive that helps fuel burn at lower temperatures, the system can reduce fuel consumption between 3 and 16 percent, and reduce emissions by up to 90 percent, D'Alessandro said.
He and John Velezis, Go Green's national sales manager, said the system can help commercial and industrial companies, as well as residential oil furnaces, reduce both their fuel consumption and their carbon footprint.
The system's ability to reduce energy consumption makes Go Green's business "recession proof," D'Alessandro said. "To succeed, you have to have the right product mixture at the right time, and this is the perfect mixture for us."
WHAT ALSO TURNED OUT to be a perfect mixture for Go Green is the state's Angel Investor Tax Credit Program, which in part helped the company relocate to its new, 6,000-square-foot headquarters at 115 Hurley Road, Unit 1A, in September.
The program is administered by Connecticut Innovations, the state's quasi-public authority responsible for technology-based innovation and economic development. It is designed to help the state's small, high-tech businesses attract investments from so-called "angel" investors.
The program began in July 2010 by offering tax credits to investors who provided at least $100,000 startup capital to bio-science and information technology businesses. The legislature, however, approved expanding the program as part of a jobs bill passed during a special session last October.
The expanded program, which took effect in November, reduced the minimum investment to $25,000. For that investment, investors receive a 25 percent tax credit against their state tax liabilities, up to $250,000.
According to Stephanie Harpin, an investment analyst with Connecticut Innovations, angel investors must be accredited, while companies seeking investors must meet specific criteria and be qualified by her agency.
"Under the legislation," Harpin said, "companies have to be less than seven years old; have at least one paid employee but less than 25, and 75 percent of them have to be in Connecticut; its managers have to own most of the business; companies have to have under $1 million in revenue; have to have been operating continuously, and must be in one of five technologies - advanced materials, bioscience, clean energy, information technology or photonics."
GO GREEN WAS DECLARED A QUALIFIED BUSINESS for participating in the angel investor tax credit program in September, and D'Alessandro said it has already received money from four investors. He declined to say how much was invested.
According to Connecticut Innovations, since the program's initial launch in July 2010 through last June, a total of 77 "angels" completed a total of 85 investments in 30 companies, in the combined amount of $11.4 million.
D'Alessandro said Go Green will use its money to pay for tests on the company's products so they can be certified by such organizations as Underwriters Laboratories and the Environmental Protection Agency. He said the tests can cost anywhere from $75,000 to $150,000.
Velezis said the tests will "show people we are a very viable company."
The money also will be used to complete renovations at its new headquarters, where it hopes to eventually manufacture 70 percent of its products, most of which currently are made in Italy and by subcontractors. The company employs about 15 people, but hopes to double that in the next year.
D'Alessandro said the company looked at facilities in Newtown and Waterbury, among other locations, before deciding to settle in Oxford because of its central location. He added that being able to say Go Green's products are American made is important.
"The U.S. market is one of the biggest markets in the world," he said. "It's everybody's dream to be in the U.S. market." Latest News : http://www.otcmarkets.com/stock/GOGR/news
Mr DeCarli ,an Electrical Engineer,is a co-founder,CTO and Director of Go Green Technologies Corp bringing over 20 years of experience as an Executive and Domain expert in both the Water and Fuel Industries. Mr DeCarli is responsible for all facets of the technical side of the business.He is also a co-founder of Water Treatment Systems LLC.Mr DeCarli graduated with honors from the Bridgeport Engineering Institute/Fairfield University.He is fluent in Italian and English.
Mr Reyes is the COO of Go Green Technologies Corp.He has over 25 years experience in the Global Financial Services markets as an Executive and Business Consultant. As the COO of Go Green,Mr Reyes has developed operational efficiencies and global sales and marketing strategies for the Water market. Prior to Go Green,Mr Reyes was a co-founder of Globecel and formed sales,marketing and operational teams in South East Asia and Latin America. He is fluent in four languages,English,Spanish,French and Italian.
GOGR Share Structure
Authorized Shares : 66,000,000 as of Nov. 13, 2015 ( common )
Outstanding Shares : 52,175,176 as of Nov. 13, 2015
Restricted Shares : 40,357,611 (?) as of Aug. 15, 2014
Float (free trading) : 11,817,565 (?) as of Aug. 15. 2014
PREFERRED A STOCK
(i) November 13, 2015
(ii) Number of Shares Authorized: 9,000,000
(iii) Shares Issued and Outstanding: 5,176,000
Company Contact #
|Jeffrey Prisco ||CEO 855-857-8158 |
John Velezis at 800-605-6341 x 807
or by email at [email protected]
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