TORONTO, ON -- (Marketwired) -- 04/01/15 -- Totally Green, Inc. (OTC PINK: TLGN) ("Totally Green" or the "Company"), an innovator in organic food waste processing and diversion, reported results for the full year ended December 31, 2014.
Total revenue was $1,384,788 for the year ended December 31, 2014, compared to $879,997 for the year ended December 31, 2013. ORCA service fees increased from $452,103 in Fiscal 2013 to $961,128 for Fiscal 2014. The Company also reported a gross profit of $444,904 in Fiscal 2014 compared to $297,985 in Fiscal 2013.
A copy of the complete audited financial statements is available for download at http://www.otcmarkets.com/stock/TLGN/filings.
2014 Operational Highlights
2014 represented a significant step forward for the Company which saw considerable activity during the year, and resulted in the Company expanding its reach by entering new markets in the United States. The Company has further penetrated the grocery market, and has installed ORCA machines for several large national chains, at a number of their locations.
Management Commentary
"2014 represented a strong year as we continue to grow and build out the ORCA offering across selected markets in Canada and the United States" said Shawn Dym, CEO of Totally Green. "We've recently gone through a brand overhaul and refocused our sales channels to ensure that we're able to continue our focused growth and believe that these changes will continue to position us as a leader in onsite food waste disposal."
About Totally Green
Totally Green, Inc. develops and markets the Corporation's ORCA Green™ Machine. The ORCA (Organic Refuse Conversion Alternative) machine allows for rapid composting of most organic material in institutional and commercial end-user applications, after which the liquid compost is disposed of through the ordinary sewer system. The machine creates meaningful cost savings for customers while diverting food waste from landfills and reducing methane gas production. For more information, please visit www.feedtheorca.com.
Important Cautions Regarding Forward-Looking Statements
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, the uncertainty of market trends, the competition faced from other current and future technologies and the uncertainties of competitive pressures we face. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements.
To learn more about the ORCA solution, please contact:
Totally Green, Inc.
(855) 355-ORCA(6722)
Email Contact
www.feedtheorca.com
