Form S-1 Filing Active
DALLAS, TX, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Zenergy Brands, Inc. (OTCQB: ZNGY), the nation’s leading next-generation utility, announced today that it is now commencing the installation of its fourth Zero Cost project, which will be taking place at a large correctional facility located in Okmulgee County, Oklahoma. This project encompasses a comprehensive energy retrofit and smart controls solution engineered by the Zenergy team. The project’s technologies will result in a reduction in electricity, natural gas, and water consumption, all courtesy of the Company’s trademarked Zero Cost Program™, at no upfront out-of-pocket cost to the county.
Zenergy has been actively conducting energy audits, site surveys, and developing business with clients that cover a broad range of industries such as corrections, hospitality, retail, and municipalities. It is equally important to note that each Zenergy customer represents a seven-year revenue stream with a high probability of renewal. Zenergy believes that its Sustainability-as-a-Service business model will help fulfill its mission of creating a portfolio of customers for life while also significantly reducing the demand on the nation’s energy grid and water supply.
Zenergy also recently completed an S-1 registration with the U.S. Securities and Exchange Commission (SEC), which gives the Company access to an equity line of credit. The company plans to utilize this facility to implement its business plan. We invite the public to review this filing and learn more about our business strategy at our corporate website (www.zenergybrands.com).
Zenergy believes it is getting closer to securing a long-term and scalable project-financing solution for its Zero Cost Program™ contracts and prospects. “We believe that the above project is the first of several large-scale installations that will follow,” commented Vice President of Zero Cost Operations, Ryan Samuel.
In a September news release, Zenergy announced an engagement with Coit Capital, a FINRA registered broker-dealer, to secure a reliable funding source for its Zero Cost clients. This remains a mission-critical objective that Coit Capital continues to pursue on the Company’s behalf.
Zenergy CEO, Alex Rodriguez, said, “We are very excited about this installation and the value that we are going to add to the county’s bottom line while also significantly reducing their carbon foot print. We remain convinced that our Zero Cost Program represents the future of how energy services should be accessed and experienced by commercial, industrial and municipal customers.”
ABOUT ZENERGY BRANDS, INC.
Zenergy Brands, Inc. (OTCQB: ZNGY), is a next-generation energy and technology company operating in the emerging smart energy, conservation, and utility industries. The Company provides energy conservation, smart controls, and efficiency-based products and services to commercial, industrial and municipal end-use customers. The Company specializes in reducing utility expenses (electricity, natural gas, and water) by 20% to as much as 60% in some cases through its cutting-edge Zero Cost Program. Zenergy is a public company, fully reporting to the SEC and currently trading on the OTCQB, a venture market designed for early-stage and developing U.S. and international companies.
Twitter: @ZenergyBrands
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YouTube: Zenergy Brands
FORWARD-LOOKING STATEMENTS
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in our Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the Company. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.