VANCOUVER, BC — (Marketwired) — 04/19/13 — (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today the company–s preliminary YTD financials [6 months past] reflect an EBITDA of just over $13 Million and a Net Income of roughly $10.75 Million — putting LCTI on course to see upward of $28 Million in EBITDA by Year End (FISCAL: August 2013).
Year-to-date EBITDA is $13mm which is a 62% increase over $8.1mm in Fiscal 2012. The company–s net income increased just over 600% year-to-date, reflecting a value of $10.75mm vs. the $1.5mm netted in Fiscal 2012.
“The numbers speak clearly,” stated Bryan Scott Jarnagin, CEO and Chairman of LCTI Low Carbon Technologies International Inc. “LCTI is poised to see significant financial growth over the next few years, possibly surpassing our anticipated revenue numbers which should add $60mm in shareholder equity by fiscal year end [8/13].”
People close to the company suggest LCTI–s success can be attributed to their investment style. Primarily acquiring operating businesses whereby LCTI holds a controlling stake, LCTI then leverages those companies to acquire additional operating businesses, technologies and/or to contribute to Joint Ventures, “without giving away the farm,” said Mr. Jarnagin.
Remaining focused on only six sectors with Clean-tech overtones, Jarnagin tends to engage in transactions he completely understands. This competency is complimented and wholly supported by the company–s extensive management team and highly qualified group technology advisors.
“If the year continues to go as we anticipate, with such additions as the — a $96 Million Dollar project — and one other acquisition we have targeted, LCTI can possibly see revenues potentially exceed $100 Million Dollars annually in the near future,” concluded Mr. Jarnagin.
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.
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