Seesmart Holdings Inc.
Seesmart Holdings Inc. Reports Revenue Results: Significant revenue growth and business expansion
Seesmart Holdings Inc. / Key word(s): Development of Sales 24.08.2011 / 08:30 --------------------------------------------------------------------- Simi Valley, California - Seesmart Holdings, Inc. (Frankfurt: APF) a leading provider of LED lighting technology today announced the release of its revenue performance for fiscal 2009, 2010 and the first half of 2011. The Company's unaudited revenue results, in U.S. dollars, were $3.6 million for 2009, $5.9 million for 2010, and $4.0 million for the first half of 2011. From 2009 to 2010, Seesmart's total revenue grew more than 64%. In the first half of 2011, ended June 30, 2011, the Company achieved 68% of the revenue generated for the full year 2010. The Company attributes its rapid growth to the expansion of its distributor and dealer network and the growing adoption of LED lighting by commercial, industrial and government customers. 'We are very pleased to report our topline revenue performance. Our business is growing at a very strong rate due to the quality of our products, the breadth of our distribution network and the adoption of LED technology,' said Ken Ames, Chief Executive Officer of Seesmart Holdings. 'Our performance is a true testament to the quality of the Seesmart product line. With over 325 products for commercial, industrial, government, and consumer markets, we believe Seesmart has one of the largest product offerings in the market today. Additionally, we have put significant effort into building our internal sales force and our distribution network, providing our customers access to highly trained resources to assist in the evaluation, design and implementation of LED technology. We believe the investments we are making will result in continued significant growth and the generation of meaningful shareholder value.' The Company intends to release additional financial information prior to the end of its third fiscal quarter ending September 30, 2011. About Seesmart Seesmart Holdings, Inc., through its wholly-owned subsidiary Seesmart, Inc., is a leading provider of complete LED lighting solutions with decades of experience in research and development, manufacturing and distribution. Seesmart offers an extensive product line to meet most commercial or residential needs and delivers a rapid ROI, high-quality products backed by up to a five-year warranty, immediate energy savings and true retrofit solutions. For more information, please visit www.seesmartled.com. This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Seesmart as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. ** END OF NEWS RELEASE ** Seesmart Holdings, Inc. (DE: APF) is an independent, exchange listed company which, together with its operating subsidiary Seesmart, Inc., a Delaware corporation (collectively 'Seesmart'), operates in the segment of 'Cleantech / LED Technology.' Registered office: Seesmart, Inc. 4139 Guardian Street Simi Valley, CA 93063 Tel: +1 877.578.2536 Fax: +1 888.239.0959 info@seesmartled.com www.seesmartled.com ISIN: CA8157841039 WKN: A1JFM8 Frankfurt, Open Market For more information contact: Brooke Wagner brooke.wagner@seesmartled.com +1.877.578.2636 End of Corporate News --------------------------------------------------------------------- 24.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 136703 24.08.2011
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