NovAccess Global Inc (XSNX)

[fast.money]

Great News.. increasing Revenues.. XsunX Reports Increased Revenues and New Sales Opportunities

http://finance.yahoo.com/news/xsunx-reports-increased-revenues-sales-101500997.html

Company Continues to Meet Gross Margin and Sales Channel Growth Expectations

ALISO VIEJO, CA , United States / ACCESSWIRE / Aug 19, 2014 / XsunX, Inc. (XSNX), a solar energy solutions provider, today announced that revenues continued to improve growing by 60% in its third period while gross margins remained on target in excess of 30%.

Tom Djokovich, CEO of XsunX, commented, “The other great news is that we are continuing to build sales momentum with a rapidly growing project bid channel now in excess of $10 million in commercial solar system proposals. We also added sales people this last quarter to help build the depth and quality of our bid channel. With the sales cycle requiring about 3 to 6 months for commercial systems, we saw the need to load our sales channel now to see increasing sales in future periods and it looks like the investments may begin paying off.”

XsunX works directly with customers to document the financial benefits available from solar PV for their businesses and then provides access to zero down financing options, project design, engineering, and turnkey warranted installation. They have developed a highly skilled team and work exclusively with qualified engineering and specialty contractors that help to ensure that each project incorporates the most current technology and meets, or exceeds, all regulatory compliance requirements.

Djokovich added, “This is an exciting time to be building a strong brand presence in the commercial solar market. We believe that solar adoption in the commercial market is still in its early stages, and we are working very hard to deliver top quality systems and service to ensure that XsunX develops a premium brand awareness. Our focus now is to continue our progress towards profitability.”