Ozop Energy Solutions Inc (OZSC)

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Warwick, NY, July 06, 2022 (GLOBE NEWSWIRE) -- Ozop Energy Solutions. Inc. (OZSC), is pleased to announce that it expects to report revenues of approximately $4.879 million and $7.961 million for the three and six months ended June 30, 2022, compared to $1.274 million and $2.070 million for the three and six months ended June 30, 2021. The increases represent approximately a 58% increase for Q2 2022 vs Q1 2022, a 283% increase for Q2 2022 vs Q2 2021 and a 285% increase for year-to-date sales through June 30, 2022, vs 2021.

Sales from the California division of Ozop Energy Systems (“OES”) accounted for $4.516 million and $7.012 million for the three and six months ended June 30, 2022, compared to $1.255 million for the three and six months ended June 30, 2021 (operations began in April 2021). Other sales from OES were $233K and $657K for the three and six months ended June 30, 2022, which are the initial sales related to battery storage. Power Conversion Technologies sales were $113K and $276K for the three and six months ended June 30, 2022, compared to $19K and $815K for the three and six months ended June 30, 2021. Additionally, Ozop Engineering and Design added $16K of sales for the three and six months ended June 30, 2022.