Blue Earth Provides Financial Guidance
Projects $100 Million Revenues and More Than $10 Million EBITDA in
HENDERSON, NV -- (Marketwire) -- 11/05/12 -- Blue Earth, Inc.
(OTCQB: BBLU) a renewable energy and energy efficiency services
company, provided financial projections for 2012 and 2013. The
Company expects 2012 revenues of approximately $11 million and 2013
revenues of approximately $100 million and EBITDA greater than
approximately $10 million.
Blue Earth expects four projects in California, including three life
sciences projects and one solar photo voltaic (PV) project, to be
substantially completed in the fourth quarter of 2012. Total backlog
is projected to be between $15 million and $25 million at December
"We have reached a critical inflection in our Company,"stated Johnny
R. Thomas, President and Chief Executive Officer of Blue Earth, Inc.
"With our recent project financing agreements with Biosar and
Greenwood Energy, as well as with others in process, and a strong
backlog of orders, we expect our revenues and cash flows to
accelerate through the end of this year and into 2013. Our ability to
offer bundled energy solutions that provide meaningful cost savings
to our customer will generate additional new orders."
BBLU is engaged in the clean technology industry with a primary focus
on the energy efficiency and renewable energy sectors. We strive to
participate in the global movement for a sustainable planet by
offering products and services that will optimize energy use, reduce
harmful environmental emissions and substantially reduce energy costs
to our customers. For more information about Blue Earth, Inc., please
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. All statements other than
statements of historical facts included in this press release are
forward-looking statements. These statements relate to future events
or to the Company's future financial performance, and involve known
and unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to be
materially different from a
ny future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects the Company's
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to
operations, results of operations, growth strategy and liquidity.
Such risks, uncertainties and other factors, which could impact the
Company and the forward-looking statements contained herein are
included in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future.
Investor Relations Contact
Blue Earth, Inc.
John C. Francis
702.263.1808 Ext. 103
Liviakis Financial Communications, Inc.
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