EGOC NEWS: Energy 1 Corp Projects Q4 Revenue via Master Lease Agreement
VIA: Newswire - 8:30AM
Boca Raton, FL, September 30, 2011 - Energy 1 Corporation (OTC: EGOC) as announced earlier this month, reached an agreement to start offering eco-friendly vehicles to Master Lease customers. Today, they are pleased to report their revenue projections for Q4 of 2011. It is anticipated that E1 will generate in excess of $300,000 in revenue and will realize 20% EBITA from truck & equipment sales during their first quarter under the new agreement with Master Lease.
“We are very excited to kick off this project with Master Lease,” said Raymond T. Brown, Chairman of E1, “and we look forward to growing this model over the months and years to come. This is just the beginning, and only represents a single quarter. Our goal is to grow this revenue number to over $500,000 a month over the next 3-6 months as we seek to build a $20MM portfolio over time.”
As part of the agreement, E1 will begin to integrate ExhausTek and/or IonTek technologies - as well as other licensed products - into retrofit vehicles for lease or sale to Master Lease customers. The intent for E1 is to grow a portfolio of over-the-road vehicles that have been retrofit to meet both current and future emission standards while offering the consumer an economic solution verses total vehicle replacement.
About Master Lease
Headquartered in Henderson, Colorado, Master Lease provides lease financing for over-the-road trucks & trailers. The company's customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as Monfort, National Carriers, Landstar, Ranger, HVH and First Choice Transport.
For more information, please visit: www.MasterLease.com.
About Energy 1 Corporation
Headquartered in Boca Raton, Florida, E1 is a manufacturer of fuel efficiency and emission reduction solutions for retrofit on diesel powered engines.
For more information, please visit: www.Energy1Corp.com.
Forward-Looking Statement: Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially form those stated or implied by such forward-looking statements.
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