ILVC .02 update (I own a few and now I remember why)
Intelligent Living Highlights Key Milestones and Provides CorporateUpdate
Oct 17, 2010 21:40:58 (ET)
VANCOUVER, BC, Oct 17, 2010 (MARKETWIRE via COMTEX) -- The management and Board of ("ILVC"), (ILVC, Trade ), a leading automation and technology solutions provider utilizing green building practices, are pleased to provide this corporate update focusing on key milestones accomplished through the period May 2008 to date. Highlights include:
-- Sustained annual revenue through the recessionary 2008 - 2010 period
with expected first quarter fiscal 2011 revenue up 80% from the
comparable recession period ended August 31, 2008.
-- 90% reduction in costs associated with discontinued operations
-- 50% reduction in liabilities
-- 2010 year-to-date completion of 11 new construction home automation
and energy management systems in projects ranging from high rise
penthouse suites, multi-residence retirement community, high end 5000+
square foot homes to small footprint infill housing which forms part
of the City of Vancouver's eco-density initiative
-- Execution of a Confidentiality and Non-disclosure Agreement with
Bridgepoint Group for small scale bio-energy projects in the Greater
Toronto region
-- Execution of a Letter of Intent with NAICST to explore opportunities
for providing First Nations housing.
