ABCO Energy, Inc. is pleased to announce they have completed the sale and financing of a $345,000 apartment building project in Tucson, Arizona.
The sale increased ABCO’s year-end backlog of work to be completed in 2019 to $1.45 million. This amount of future production represents $975,000 of incomplete commercial projects and $475,000 of residential work, which will reflect well in first quarter results.
“We have doubled our annual sales volume over each of the last 2 years,” said Charles O’Dowd, President of ABCO Energy. “We are confident we will produce the same results, if not more, in 2019.”
Since ABCO completed nearly $3 million in projects during the last fiscal year ending in 2018, entering 2019 with nearly one half of this volume indicates an unprecedented, positive leap forward over the next 12 months.
“Sales gains and more profitable operations has always been our goal. Our emphasis on commercial sales efforts has been very successful. We believe we have made significant changes in our business model and expect that the change will have a truly positive effect on our management, employees and shareholders for the long term,” O’Dowd continued.