RedChip Issues Research Profile on ForceField Energy
28 Janeiro 2015 - 10:30AM
RedChip Companies, Inc., today announced it has issued a research
profile on ForceField Energy Inc. (Nasdaq:FNRG), a global company
whose products and solutions focus on sustainable energy solutions
and improved energy efficiency.
Highlights of the report include:
Acquisitions position FNRG to address the $84 billion+
U.S. LED lighting market. FNRG has made a number of
acquisitions to take advantage of the rapidly growing energy
efficiency market. FNRG acquired American Lighting on April 25,
2014, and acquired ESCO Energy Services Company for $7.5 million on
October 17, 2014. Both acquisitions were completed at a 5.5x
trailing 12 month adjusted EBITDA multiple. We believe these were
good deals for FNRG, given each company's expertise and reputation,
along with the projected rapid growth in LED lighting
solutions.
Financing with no upfront payment provides funding to
grow project backlog. FNRG is beginning to implement an
off balance sheet financing program that will give the Company the
means to rapidly accelerate revenue. These external project
financing solutions allow FNRG to service customers who either do
not have the financial means to spend money on upfront capex to
perform a lighting retrofit and/or acquire clients that may not
have pursued a retrofit without the reduced risk that these
financing solutions allow. These programs also allow FNRG to pursue
larger projects, as the Company will have the means to fund larger
and potentially more lucrative work. FNRG will receive funding from
its third-party financing partners, using this to finance
equipment/capex upfront and then factoring (selling) the accounts
receivable to its financing partners. FNRG and/or the financing
partner own the LED lighting equipment, which provides some risk
coverage if the project is not as lucrative as anticipated.
Blue-chip client base gives FNRG creditability and
potential recurring business. FNRG has performed projects
for blue-chip clients such as Wal-Mart, Home Depot, Whirlpool,
Sony, Harvard Medical School, Delta Industries, hospitals,
airports, and parking garages, along with projects for various
government entities and clients in the United States, Puerto Rico
and Mexico. This client base can help provide future growth for
FNRG in a few ways. Having a strong client base has enabled FNRG to
sharpen its expertise, along with providing future clients
confidence that the Company can effectively provide lighting
installation and consultation services. Additionally, FNRG can
continue to perform additional projects for its previous clients
(many of these clients have numerous locations that can provide
repeat business), whose project backlogs could be getting larger as
LED lighting retrofits become more attractive.
To receive a complimentary copy of the full RedChip Research
Report for FNRG, please visit:
http://www.redchip.com/assets/reports/FNRG_Research_Profile_20150126.pdf
About RedChip Companies, Inc.
RedChip Companies, an Inc. 5000 company, is an international
small-cap research, investor relations, and media company
headquartered in Orlando, Florida; with affiliate offices in San
Francisco, Pittsburgh, and Seoul. RedChip delivers concrete,
measurable results for its clients through its extensive global
network of small-cap institutional and retail investors. RedChip
has developed the most comprehensive platform of products and
services for small-cap companies, including: RedChip Research™,
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about RedChip's products and services, please visit:
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believed to be reliable but have not been independently verified
and are not guaranteed as to accuracy, nor does it purport to be a
complete analysis of every material fact regarding the company,
industry, or security. The information, opinions, or
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and are only valid as of the date appearing on the report and are
subject to change without notice. Statements that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. "Forward looking statements" as defined
under Section 27A of the Securities Act of 1933, Section 21B of the
Securities Exchange Act of 1934 and the Private Securities
Litigation Act of 1995 include words such as "opportunities,"
"trends," "potential," "estimates," "may," "will," "could,"
"should," "anticipates," "expects" or comparable terminology or by
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subject to a number of known and unknown risks and uncertainties
outside of the company's or our control that could cause actual
operations or results to differ materially from those anticipated.
Factors that could affect performance include, but are not limited
to those factors that are discussed in each profiled company's most
recent reports or registration statements filed with the SEC.
Investors should consider these factors in evaluating the forward
looking statements contained herein and not place undue reliance
upon such statements. Investors are encouraged to read investment
information available at the websites of the SEC at
http://www.sec.gov and FINRA at http://www.finra.org ForceField
Energy (FNRG) is a client of RedChip Companies, Inc. FNRG agreed to
pay RedChip Companies, Inc. an initial media fee for RedChip
investor awareness services. Investor awareness services and
programs are designed to help small-cap companies communicate their
investment characteristics. RedChip investor awareness services
include the preparation of a research profile(s), multimedia
marketing, and other awareness services.
CONTACT: Jon Cunningham
RedChip Companies Inc.
800-733-2447 Ext. 107
jon@redchip.com
http://www.redchip.com
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