Trutankless, Inc. Reports Record Sales in 2018 as Revenue Increases 120% Over Prior Year

Revenue increases based on growing customer base in target markets

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Apr 11, 2019, 08:10 ET

PHOENIX, April 11, 2019 /PRNewswire/ -- Trutankless, Inc. (OTCQB: TKLS) released its earnings report for the 2018 fiscal year, announcing revenue of $1,573,958, vs. $695,857 in 2017. Sales in Q4 2018 were $407,160, compared to $306,354 in Q4 2017.

The company attributes this continued growth to several factors, including strong demand for its trutankless line of smart water heaters amongst a growing number of the nation's largest homebuilders, as well as the impact of growth in channel sales.

"2018 was truly a breakout year for the Company with our sales growth continuing at an accelerated pace. We have reached a tipping point with our channel partners because of how well received our product has been accepted by their end-customers," said Robertson J. Orr, CEO of Trutankless, Inc. He also added, "We are confident this momentum is going to continue and we're excited to deliver for all of our shareholders, distribution partners, and customers using our products in their homes and businesses."

About Trutankless, Inc.:

Trutankless, Inc. (OTCQB: TKLS) is a technology-driven developer of accessible, next-generation home automation and efficiency systems. The Company's primary products are a line of electric tankless water heaters that surpasses traditional tank water heaters in energy efficiency, output, dependability and environmental sustainability. The Company sells its products to plumbing wholesale distributors and dealers throughout the United States. Trutankless, Inc. was founded in 2008 and is headquartered in Scottsdale, Arizona.

For more information:

Please visit www.trutankless.com or call 855-TO-BUY-TRU.

Connect on social media:

www.houzz.com/pro/trutankless | www.facebook.com/trutankless

www.twitter.com/trutankless | www.youtube.com/trutankless

Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the release by trutankless of its line of electric tankless water heaters or added key strategic sales and distribution partners are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, risks of the key strategic sales and distribution partners ability to sell our product, and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions, and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Trutankless, Inc.