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ABCO ENERGY, INC.

http://www.abcosolar.com/

ABCO Energy, Inc. (the 'Company') is a commercial and residential installer of Photo Voltaic (PV) solar systems, LED lighting solutions and financing for all of these energy saving products. ABCO Energy, Inc. is a Nevada corporation, doing business as 'ABCO Solar' which maintains offices located in Tucson, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE on the OTCQB Market. ABCO has wholly owned subsidiaries operating under the names of ABCO Solar, Inc. an Arizona Company and Alternative Energy Finance Corporation, a Wyoming Company.

Share Structure:
Market Cap $546,444 as of October 11, 2019
A/S 5,000,000,000
  as of October 4, 2019
O/S 63,392,630 as of October 4, 2019
Float - 41,013,683
 as of March 31, 2019
 
Contact Us:

http://www.abcosolar.com/pages/contact.html
 

   Address:                            Telephone #:                        Fax:                                                Email:              
2100 N. Wilmot, Suite 211                520-777-0511                520-620-5574                    InvestorRelations@abcoenergy.com
 



Recent News

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 


FORM 8-K
Date of Report (Date of Earliest Event Reported): October 7, 2019
https://www.sec.gov/Archives/edgar/data/1300938/000118518519001370/abcoenergy20191010_8k.htm

ITEM 5.02:

Departure of Directors or Certain Officers, Election of Director; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.

 

On October 7, 2019, Mr. Charles O’Dowd a director of ABCO Energy, Inc. (“Company”) and President and CEO of the Company, resigned from the Company’s Board of Directors and as an officer, effective October 7, 2019. No reasons were given. There were no disagreements between the Company and Mr. O’Dowd that led to his decision to resign. Mr. O’Dowd and the Company are currently negotiating a Separation Agreement containing provisions for potential future consulting services, severance payments and a customary release by Mr. O’Dowd of claims against the Company. The remaining director and Company staff are currently involved in recruitment of a new slate of Officers and Directors for the Company’s ongoing operations.

 

 



ABCO Energy Announces Sale Of Solar Power System For Episcopal Church

TUCSON, AZ / ACCESSWIRE / February 5, 2019 / ABCO Energy, Inc. (OTC PINK: ABCE), the Arizona provider of integrated energy solutions, is pleased to announce the successful sale of a commercial photovoltaic system at a Tucson Episcopal Church, one of 63 congregations in the Diocese of Arizona. The system is designed to greatly reduce cost of energy and starts a significant milestone in the Diocese's sustainability plans.

By installing 62,080 DC Watts of solar panels at this community worship center for a grand total of $185,000, the congregation will receive a savings benefit of $877,000 over 25 years. ABCO has completed several church projects for many denominations over the last few years and is proud to be supporting and contributing to their success in the community they serve.

Like all churches in the nation, this Episcopal Church has experienced higher electrical bills than most other commercial accounts because of demand billing by the utilities. Their electric bills spike during high usage on weekends that create demand charges that hold their rates higher than normal for the entire billing cycle. Solar systems will reduce billing and such reductions can help to preserve the capital of the worship centers. Since financing is readily available and is provided through ABCO, we have found that most religious centers should find it beneficial to save on electricity by utilizing solar.

"As a leading energy solutions provider, ABCO is committed to delivering innovative and cost-effective solutions. We go from start to finish with our customers, by providing financing, designing and installing the system, helping to save money on utility bills and providing "green" properties," said Charles O'Dowd, President of ABCO. "We take extra steps to provide ongoing asset operations and maintenance."

ABCO Energy Pays Off Convertible Debt, Plans Retirement of Remainder

TUCSON, AZ / ACCESSWIRE / January 31, 2019 / ABCO Energy, Inc (OTC PINK: ABCE) (January 31, 2019) is pleased to announce that it has completed the purchase of one half of its outstanding convertible preferred stock before its maturity to prevent further dilution of ABCE shares. At today's prices this move has prevented more than 25,000,000 shares from coming on to the market. We expect to save an equal amount of dilution when we acquire the last convertible preferred series outstanding before maturity, which we intend to do in late February.

"In order to prevent approximately 50,000,000 unfriendly shares from entering the market from the two maturities, we will have paid more than $200,000 for redemption," said Charles O'Dowd, President of ABCO Energy. "However, we are committed to raise all of the funds and already one-half of this amount has been done. We are still expecting our domestic and foreign friends to continue to support us and our market should improve from this effort. This will be the last time we will rely on convertible debt of any kind to fund the Company. No matter what they say, it never works out."

"Since ABCO completed over $3 million in projects during the last fiscal year ending in 2018 and is entering 2019 with nearly $1,450,000 in backlog we should leap forward over the next 12 months. This will improve our cash flow and allow us to take advantage of more profitable opportunities in 2019," added Mr. O'Dowd.

ABCO ENERGY PAYS OFF CONVERTIBLE DEBT, PLANS RETIREMENT OF REMAINDER
ABCO Energy, Inc (OTC PINK: ABCED) Tucson, Arizona (January 31, 2019) is pleased to announce that it has completed the purchase of one half of its outstanding convertible preferred stock before its maturity to prevent further dilution of ABCE shares. At today’s prices this move has prevented more than 25,000,000 shares from coming on to the market. We expect to save an equal amount of dilution when we acquire the last convertible preferred series outstanding before maturity, which we intend to do in late February. “In order to prevent approximately 50,000,000 unfriendly shares from entering the market from the two maturities, we will have paid more than $200,000 for redemption” said Charles O’Dowd, President of ABCO Energy. “However, we are committed to raise all of the funds and already one-half of this amount has been done. We are still expecting our domestic and foreign friends to continue to support us and our market should improve from this effort. This will be the last time we will rely on convertible debt of any kind to fund the Company. No matter what they say, it never works out.” “Since ABCO completed over $3 million in projects during the last fiscal year ending in 2018 and is entering 2019 with nearly $1,450,000 in backlog we should leap forward over the next 12 months. This will improve our cash flow and allow us to take advantage of more profitable opportunities in 2019” added Mr. O’Dowd. 

ABCO ENERGY ANNOUNCES THIRD QUARTER 2018 RESULTS OF OPERATIONS
ABCO Energy, Inc, (OTC PINK: ABCED) December 21, 2018, Tucson, Arizona, that the company has completed its 20 for 1 reverse stock split on its common shares and the result has been that our shares have been quoted over the $.01 price for the first time in nearly two years. We believe that now the share price will begin to reflect the value of the company’s efforts to increase sales and profits and show its maturity as a survivor in the public market place. Sales for the nine months ended September 30, 2018 were $2,187,919 as compared to $1,168,680 for the same Nine months in 2017. This is an increase of $1,019,239 or 87% above the 2017 sales. Net loss from operations for the nine-month period ended September 30, 2018 was ($17,326) as compared to the net loss of $(295,219) for the same nine month period ended September 30, 2017 mainly due to the increase in sales. The net loss for the period ending September 30, 2018 was $277,893 lower than the September 30, 2017 net loss. Sales for the three months ended September 30, 2018 were $1,106,898 as compared to $265,856 for the same three months in 2017. This is an increase of $841,042 or 316% of the 2017 sales. ABCO has increased their efforts to sell into the commercial markets and the results of these changes and efforts have begun to materialize and are shown in the results of operations. Net loss for the three-month period ended September 30, 2018 was $(51,280) as compared to the net loss $(379,073) for the same three-month period ended September 30, 2017, a decrease of $327,793. “Sales gains and more profitable operations has always been our goal, but we have had difficulty improving both over the last few years. We believe we have made significant changes in our business model and expect that the change will have a truly positive affect on our management, employees and shareholders for the long term,” said Charles O’Dowd, President. “We have a large backlog of unfinished work for projects to be completed in the 2019 year and this will reflect well in our first quarter results,” he added. ABCO expects to file for designation as trading on the OTCQB marketplace by the end of this fiscal year and hopes for approval in early January 2019.

ABCO Energy Announces Expansion to the California and Phoenix Markets

ABCO Energy, Inc., (OTC PINK: ABCE) September 6, 2018, announced that they have formed two new subsidiary companies in California and Arizona and plan expansion in both markets.

ABCO Energy CA, Inc. a California corporation, with offices in Los Angeles, will soon begin sales and services in the state's largest city. We have quoted several commercial jobs and hope to arrange financing for several more. In addition, we have begun negotiations with a solar operating company in a city south of Los Angeles whose owner wishes to retire. This company has over a million in sales and is fully equipped to expand. With California's aggressive plan to have 100% of their energy supplied by renewable resources and mandatory solar on new home construction, this is a market we cannot avoid. Our solar powered air conditioning system is receiving a great deal of attention when we discuss it with California housing developers.

ABCO Air Conditioning Services, Inc. was formed when we acquired a Phoenix based air conditioning services supplier and set up our office to service the Phoenix Metropolitan cities. We have business licenses in approximately ten of these cities and now are licensed for "Air Conditioning and Refrigeration" and "Solar and Electric" throughout the state. ABCO Solar, Inc. has served this market from Tucson.

ABCO has signed an S1 financing agreement with Oasis Capital, LLC, a large capital funding firm for a $5,000,000 offering that will allow us to expand rapidly in both markets mentioned above. The initial financing is slated to take place in late September or early October as soon as the registration documents are cleared with the SEC. An additional benefit of this S1 is that we are now clear of all financing with convertible debentures so the fixed nature of this S1 financing will not disrupt our market for the stock in such a volatile manner.

"ABCO has a current $1,500,000 backlog in the Tucson market and will require this capital in the near future to complete our projects and expansion, said Charles O'Dowd, CEO of ABCO. We have begun recruiting in these markets and will be well established in a short period of time. Our ten years of experience will allow the growth to come naturally and our experience in management, purchasing and customer financing coupled with capital resources will transition us through this growth in a smoother manner."
https://www.otcmarkets.com/stock/ABCE/news/ABCO-Energy-Announces-Expansion-to-the-California-and-Phoenix-Markets?id=203025


ABCO Energy Announces a Five Million Dollar Funding

 ABCO Energy, Inc., (OTC PINK: ABCE) announced that they have signed an S1 financing agreement with Oasis Capital, LLC, a large capital funding firm for a $5,000,000 offering that will sell our common stock at 85% of the market price. The initial financing is slated to take place in late September or early October as soon as the registration documents are cleared with the SEC. This common stock offering will be the first we have been able to bring to completion.

The funding will be utilized to provide working capital to complete our $1,500,000 backlog, retire expensive debt and provide funding for acquisitions and mergers. We have been negotiating for acquisitions with solar product and service providers, air conditioning and refrigeration service providers and LED lighting providers in the Western states.

"As of August 31, 2018, we had common stock outstanding of 492,054,727 shares, which prompted the capital financiers to request a 1 for 10 reverse to 49,205,473 shares, which should result in an easier and more manageable market," said Charles O'Dowd, CEO of ABCO. "Since we have a desire to return to the OTCQB and need to retain a $.01 stock price, the reverse will assist in this goal. We have not been near this number for 2 years and believe it is better for all of our shareholders to be on the OTCQB and to rid our company of the deep discounts prevalent with convertible debentures."
https://www.otcmarkets.com/stock/ABCE/news/ABCO-Energy-Announces-a-Five-Million-Dollar-Funding?id=202679

ACBO Energy Announces a Million Dollar Contract
ABCO Energy, Inc, (OTC PINK: ABCE) August 8, 2018, Tucson, Arizona, announced that they have signed a $950,000 commercial solar project and anticipate an additional $35,000 commercial lighting contract on the same facility with ABCO crews providing all construction. The project is on a 72-unit apartment complex and will consist of both roof top and car park shade structures. The owners will enjoy approximately $80,946 from the solar electric generation plant and $15,981 first year savings from the LED lighting project, for a total first year savings of approximately $96,927. In addition, the federal and state tax credits totaling $310,000 will further increase the owner's return on investment. Over a period of 25 years, this project is expected to provide cost reduction for the customer in excess of $3,445,000.
'Coupled with our first seven months of sales and booked backlog of over $1,500,000, ABCO's anticipated sales booked for the year already exceeds $2,500,000,'' said Charles O'Dowd, President of ABCO Energy. ''With this large backlog of signed commercial and residential solar projects and several quoted projects in the pipeline at this time, we are hopeful for a record year in sales and profits.


ABCO ENERGY ANNOUNCES MIDYEAR RECORD SALES CONTRACTS TOTALING $1,481,000
ABCO Energy, Inc, (OTC PINK: ABCE) July 10, 2018, Tucson, Arizona, announced that they have signed more residential contracts in the first six months of 2018 than in any previous year. The signed agreements will provide the company with a backlog of work to be completed during the third and fourth quarter of 2018. The total residential contracts are approximately $1,250,000 and the commercial projects total $231,000. This sales record is an increase of 48% over the same period in the prior year which totaled $1,002,000. “After seeing a profit in the first quarter of 2018 on record sales, we are beginning to see a number of changes in our market that will provide profit opportunities throughout the rest of the year. We are struggling with hiring problems due to availability of construction workers in Arizona but have been able to cope with the growth with intensive management, training and quality hiring” said Charles O’Dowd, President of ABCO Energy. “We have a very large pipeline of quoted commercial work at this time and are hopeful that we will sign and find customer financing for the projects we have in the loop”. 


https://backend.otcmarkets.com/otcapi/company/dns/news/document/28856/content


Press Releases:
https://www.otcmarkets.com/stock/ABCED/news/ABCO-ENERGY-ANNOUNCES-THIRD-QUARTER-2018-RESULTS-OF-OPERATIONS?id=214022
https://www.otcmarkets.com/stock/ABCE/news/ABCO-Energy-Announces-Expansion-to-the-California-and-Phoenix-Markets?id=203025
https://www.otcmarkets.com/stock/ABCE/news/ABCO-Energy-Announces-a-Five-Million-Dollar-Funding?id=202679
https://www.otcmarkets.com/stock/ABCE/news/ACBO-Energy-Announces-a-Million-Dollar-Contract?id=200471
https://www.otcmarkets.com/stock/ABCE/news/ABCO-ENERGY-ANNOUNCES-MIDYEAR-RECORD-SALES-CONTRACTS-TOTALING-1481000?id=198949
https://www.otcmarkets.com/stock/ABCE/news/ABCO-ENERGY-ANNOUNCES-FIRST-QUARTER-SALES-INCREASES-OF-146-AND-INCOME-FROM-OPERATIONS?id=194315


Filings:

https://www.otcmarkets.com/filing/html?id=13076459&guid=X8V8UqHKGkR543h
https://backend.otcmarkets.com/otcapi/company/financial-report/193956/content
https://backend.otcmarkets.com/otcapi/company/financial-report/191199/content

Transfer Agent:

VStock Transfer LLC
18 Lafayette Place
Woodmere, NY 11598
T: 212-828-8436
info@vstocktransfer.com

http://www.vstocktransfer.com
 


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News News Alert: Statement of Ownership (sc 13g) 01/22/2020 11:47:33 AM
PostSubject
#26470  Sticky Note https://www.accesswire.com/567912/ABCO-Energy-Announces-Completion-of-Commercial Gunnsquareposse 12/02/19 11:55:09 PM
#23576  Sticky Note ABCO ENERGY ANNOUNCES RESULTS OF OPERATIONS FOR 2018 doc063 04/18/19 06:27:57 PM
#21759  Sticky Note NEWS news NEWS-ABCO ENERGY PAYS OFF LAST OF getmoreshares 02/23/19 04:12:18 PM
#29052   ABCE 182 Million Float + huge updates pending. PennystockID2017 01/22/20 05:51:27 PM
#29051   Over reaction to the Outstanding shares being 182 PennystockID2017 01/22/20 05:44:52 PM
#29050   Low volume take downs are a sign of stock king5508 01/22/20 05:34:42 PM
#29049   Over reaction to what? What caused the selloff? NorthShoreTrading 01/22/20 05:24:01 PM
#29048   Good volume day, think close or even half nudie 01/22/20 05:23:51 PM
#29047   Why don't you all elaborate on what the DemiCash 01/22/20 05:09:06 PM
#29046   TA is definitely gagged and has been for TheSummerMan 01/22/20 04:56:56 PM
#29045   haha "no pumpers here" GaiusGracchus 01/22/20 04:38:33 PM
#29044   I guess several got wrapped up in the Dspeer 01/22/20 04:08:37 PM
#29043   ABCO ENERGY LETS GET A BIG UPDATE IN PennystockID2017 01/22/20 04:02:38 PM
#29042   Yep. And that loops back around to... samroux 01/22/20 04:00:41 PM
#29041   Small dilution month after month with this one. GBRO 01/22/20 03:54:06 PM
#29040   I can definitely confirm that the company personally aussiekevin 01/22/20 03:50:28 PM
#29039   Wrong. T/A is gagged. samroux 01/22/20 03:45:10 PM
#29038   It is completely true that the TA is rmuncast 01/22/20 03:42:31 PM
#29037   No the TA is not gagged that just PennystockID2017 01/22/20 03:39:34 PM
#29036   Unfortunately, this question cannot be answered in a rmuncast 01/22/20 03:38:00 PM
#29035   Two words describe todays action::: OVER reaction!!! PennystockID2017 01/22/20 03:35:42 PM
#29034   If you think some other word is more aussiekevin 01/22/20 03:29:56 PM
#29033   the question is dilution or conversions? If the PennystockID2017 01/22/20 03:29:39 PM
#29032   "DD" is precisely why I'm not holding bags. samroux 01/22/20 03:29:33 PM
#29030   No-one is 'trying' to get this lower; saying aussiekevin 01/22/20 03:23:41 PM
#29029   If 180 Million float is scary the OTC PennystockID2017 01/22/20 03:20:41 PM
#29027   Even I bought a lottery ticket on this thetruth63 01/22/20 03:18:52 PM
#29026   Twitter and discord can be powerful tools in GaiusGracchus 01/22/20 03:18:02 PM
#29025   The A/S is 5B for a reason. samroux 01/22/20 03:16:57 PM
#29024   Thats just bs, no proof for that as nudie 01/22/20 03:16:49 PM
#29023   As you well know, OSs don't just triple aussiekevin 01/22/20 03:13:05 PM
#29021   ABCE float is around 180 Million thats still tiny!!! PennystockID2017 01/22/20 03:04:38 PM
#29020   OS has tripled in the last couple of aussiekevin 01/22/20 03:01:50 PM
#29019   It too funny, small dillution going on and nudie 01/22/20 02:59:41 PM
#29018   Yes, I'm sure that is what they specially aussiekevin 01/22/20 02:58:22 PM
#29017   perfect time for the real updates !!! PennystockID2017 01/22/20 02:57:54 PM
#29016   20% im 3 weeks is a lot, whatever aussiekevin 01/22/20 02:57:49 PM
#29015   momentum picking up on the profit side. DemiCash 01/22/20 02:57:45 PM
#29014   They indicated they are just now reloading after GaiusGracchus 01/22/20 02:56:58 PM
#29013   Ah, yes, ABCE still a dilution mill. samroux 01/22/20 02:56:19 PM
#29012   30s coming back here really soon PennystockID2017 01/22/20 02:56:03 PM
#29011   20% on this OS is peanuts. 20% of nudie 01/22/20 02:55:46 PM
#29010   Whoever you are referencing, they are a pretty aussiekevin 01/22/20 02:54:35 PM
#29009   This has nothing to do with mms. The aussiekevin 01/22/20 02:52:47 PM
#29008   How's the weather on Planet Delusional? "Market Makers" TheSummerMan 01/22/20 02:47:51 PM
#29007   There definitely was a pump group here but TheSummerMan 01/22/20 02:44:44 PM
#29006   who ever dropped out - C-YA - shinerg 01/22/20 02:43:49 PM
#29005   If I wasn't 100% sure the mods/admins would GaiusGracchus 01/22/20 02:43:12 PM
#29004   *early bird warning* DemiCash 01/22/20 02:42:54 PM
#29003   *early bird warning* DemiCash 01/22/20 02:42:53 PM
#29002   AWESOME ADDING HERE diskman 01/22/20 02:41:47 PM
#29001   Sometimes markets makers do this to bring activity PennystockID2017 01/22/20 02:41:47 PM
#29000   When groups like that get involved, the volume aussiekevin 01/22/20 02:39:01 PM
PostSubject