LCTI Low Carbon Technologies International Inc. Subsidiary Awarded $1.8 Million Contract
April 02 2014 - 3:21PM
Marketwired
LCTI Low Carbon Technologies International Inc. Subsidiary Awarded
$1.8 Million Contract
Announces Six New Contracts Secured by Subsidiaries
VANCOUVER, BC--(Marketwired
- April 02, 2014) - LCTI Low Carbon Technologies
International, Inc. (PINKSHEETS:
LWCTF) (the "Company"), a diversified company focused on the
clean-tech, construction, energy & energy efficiency,
environmental, mining and real estate business sectors, today
announced that their wholly owned subsidiary, Teposolar
Technologies Corp., secured a $1.8 million energy efficiency
contract for the Industrial Safety Training Center located in
Beaumont, TX.
LCTI's other subsidiaries recently secured the following new
contracts:
Beaumont ISD -- $404kLamar University -- $87kWestlake Polymers
-- $99k EI Dupont -- $125k Davenport Office Facility -- $3.2mm
Spindletop Center -- $55k
Bryan Scott Jarnagin, CEO of LCTI, stated, "We are pleased with
the performance of our energy efficiency division. The company
recently promoted Gerardo Hubard, former head of our energy
efficiency division, and Brad Christ to Vice Presidents and they
are doing a fantastic job of growing this segment of our business.
Moreover, we recently completed our 1st quarter financial
statements and based on our current share count of 139 million
shares outstanding, we recorded an increase in book value from over
$1.35 per share to over $1.88 per share. We believe this
substantial increase in book value is representative of the value
we continue to build for shareholders."
About LCTI Low Carbon Technologies International Inc. LCTI Low
Carbon Technologies International Inc. is a diversified clean-tech
holding company. LCTI acquires profitable operating businesses, and
clean-tech technologies. LCTI utilizes its clean-tech technologies
in the development of clean-tech projects. LCTI combines the
clean-tech technology with each profitable operating businesses.
LCTI also issues technology sub-licenses and in return receives
equity in projects and/or the companies who are issued the
clean-tech technology license. For more information please visit
our website www.lctiinc.com.
Safe Harbor This news release contains forward-looking
statements. These statements fall within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "ACT"). Such
statements are not historical facts; including statements about
plans and expectations regarding products and opportunities, demand
and acceptance of new or existing products, capital resources and
future financial results -- all
forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in
future periods to differ materially from those
expressed. These uncertainties and risks include changing
consumer preferences, lack of success of new products, loss of the
Company's customers, competition and other factors discussed from
time to time in the Company's filings with the Securities and
Exchange Commission. You can identify forward-looking
statements by terminology such as "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these terms or other
comparable terminology. These statements are only
predictions. Other factors may cause the Company or the
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our business, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, including the
securities laws of the United States, the Company does not intend
to update any of the forward-looking statements to conform these
statements to actual results.
Investor Relations: David Waldman/Natalya RudmanCrescendo
Communications, LLCTelephone: (212) 671-1020 x304Email:
lcti@crescendo-ir.com
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