Envision Solar Announces Q3 Results and Webinar
Continued Profits at the Gross Margin Line Validate the Strategy
SAN DIEGO, Nov. 23, 2011 /PRNewswire/ -- Envision Solar International, Inc., ("Envision Solar") (OTCBB: EVSI), a leading sustainable infrastructure product designer and developer, today announced that the company was once again profitable at the gross margin line in the 3rd quarter of FY2011. The company will hold a webinar on Wednesday, November 30th to give an update on the company's operations and prospects. Interested parties should contact the company or visit the company's website for further details.
Envision Solar's President and CEO, Desmond Wheatley, said, "Profitability at the Gross Margin line has been our highest priority. Demonstrating that we can sell our products profitably at lower volumes is a key indicator of our ability to generate significant shareholder returns at scale. Viewed in conjunction with the recent announcements from General Motors regarding our Solar Tree® structures and our current deployments for a major utility and a major government entity, we feel that our ability to scale up the business is now, more than ever, being demonstrated."
For more information about Envision Solar, visit www.envisionsolar.com.
About Envision Solar International, Inc.
Envision Solar, www.envisionsolar.com, is a leading sustainable infrastructure product designer, and integrator deploying clean energy systems globally. The solar design firm provides strategic long-term solutions and includes comprehensive sustainability planning and design optimization for its solar array structures. Founded by leading sustainable design architect Robert Noble, the company is a leader in the invention and construction of solar structures that address unused millions of acres of parking spaces. Its innovative systems include products for commercial and institutional projects, such as EnvisionTrak™, CleanCharge™, Solar Tree®, Solar Grove®, Solar Row™, LifePort®, LifePod™, LifeVillage™ solar systems and others. Envision Solar is listed on the OTC Bulletin Board under the symbol [OTCBB: EVSI]. For more information on the company, contact 1-866-746-0514.
This Report ("press release" if on a press release) may contain forward looking statements regarding future events or our expected future results that are subject to inherent risks and uncertainties. All statements in this Report other than statements of historical facts are forward looking statements. Forward looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may," or other words and similar expressions that convey the uncertainty of future events or results. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, customer orders, trends or operating results also constitute forward looking statements. Our actual results may differ substantially from those indicated in forward looking statements because our business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our operating results, financial condition and business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for our prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for solar energy, a lack of profitability, a decline in our stock price, and other risks. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Current results and trends are not necessarily indicative of future results that we may achieve.
Media contact:
Quynh Mai
Envision Solar International
(858) 799-4583
SOURCE Envision Solar International, Inc.
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