NEW YORK, Dec. 13, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with Kontrol Energy Corp. (CSE: KNR) (OTC: OTSHF) (FSE: 1K8), a client of NNW and leader in the energy efficiency sector through IOT, Cloud and SaaS technology.
The interview can be heard at http://nnw.fm/3HhCe
NNW’s Stuart Smith introduces Kontrol Energy CEO Paul Ghezzi to an interview that highlights the company’s unique business structure and strategy for growing market share.
As a smart energy technology and solutions company, Kontrol operates in four verticals: energy retrofits, distributed generation, Internet of Things (IoT) smart energy technology, and greenhouse gas emission compliance. The company works in the largest energy market in the world, which is the commercial building sector, says Ghezzi. North American buildings consume approximately USD$200 billion annually of energy. He indicates that about 30 percent of the industry is waste created by inefficiencies. Further he adds that by 2050 buildings will consume 50% of the world’s energy.
Kontrol went public in August of 2016 and, through a reverse takeover of Arrowhead Gold, inherited its symbol on the OTC. The company is now in the process of completing an updated listing with expected completion in the next 90 days. Ghezzi briefly discusses Kontrol’s management team, which boasts a deep M&A and renewal energy industry backgrounds with a “great pedigree,” before crediting the company’s accretive acquisitions and organic growth for its substantial growth over the last two years.
That growth is reflected in the company’s revenue run rate, which increased from $500,000 after first going public to its current rate of $16 million annually.
“We’ve been recognized as Canada’s seventh fastest growing startup,” Ghezzi says, indicating that the company aims for positive cash flow in the fourth quarter of 2018. “Revenue growth has been amazing and when investors see us turning cash flow positive, that will be the next milestone.”
Kontrol’s corporate-level goals include reaching $100 million in revenue over the next four years through organic growth potential acquisitions that are in various stages of due diligence.
Looking to the horizon, Ghezzi indicates that Kontrol is focused on “becoming an attractive take out target or a mid-cap that pays a healthy dividend and continues to grow,” and says he is comfortable in the company’s ability to perform in an industry that is advancing well above annual global growth rates.
The discussion concludes with Ghezzi explaining its structure that stands apart from others.
“We spend a lot of time thinking about our capital structure as a long-term business. So, currently, we’ve got 28 million shares outstanding basic and about 32 million fully-diluted. We’ve done that on purpose,” says Ghezzi. “We want our shareholders to know that we are going to be a mid-cap to large-cap in the future. We take great care of our structure,” he explains, indicating the company is trading at about 1.25 times forward revenue.
“That’s very low for a growth company, and I think it’s because a lot of people don’t know about us. That’s going to change as we share our story. As more people get to know about us and we continue to execute I think shareholders are going to be rewarded.”
About Kontrol Energy Corp.
Kontrol Energy Corp. (CSE: KNR) (OTC: OTSHF) (FSE: 1K8) is a leader in the energy efficiency sector through IOT, Cloud and SaaS technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to its customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions. For more information, visit the company’s website at www.KontrolEnergy.com
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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