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- Release Date: 18/07/13 12:02
- Summary: ADDRESS: MAD: Key Announcements - 2013 Energy Mad Annual Meeting
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MAD
18/07/2013 10:02
ADDRESS
REL: 1002 HRS Energy Mad Limited
ADDRESS: MAD: Key Announcements - 2013 Energy Mad Annual Meeting
Energy Mad is:
- Making strong progress growing its light bulb sales through the 8,000
Walgreens stores in the United States that it is stocked in. This is
supported by the $1.5 million funding it has for projects with 28 electric
utilities through 1,350 Walgreens stores in 2013, and by the dedicated
displays going up in these stores from late July 2013.
- Driving its Australian Ecobulb Spiral and Downlight sales growth.
- Profitably scaling its Direct Installation business, which sells and
installs Ecobulb Downlights in New Zealand homes to cut home power bills by
up to 25%.
- Introducing reliable new Ecobulbs into the market, including its first LEDs
in late 2013.
- Focused on delivering profitable growth, by continuing the revenue growth
delivered in FY2013 from the United States, from Australia and from the New
Zealand Direct Installation business, combined with the recent cost reduction
initiatives and a strong balance sheet with no debt.
For more detail please refer to the Energy Mad Chairman's address and the
Managing Direct slide presentation filed with the NZX. These will also be
available on Thursday 18th July on the Energy Mad website,
http://www.energymad.com/nz/Invest_Reports.htm.
ENDS
For More Information Contact:
Chris Mardon, Managing Director
(021) 041 2981
End CA:00238721 For:MAD Type:ADDRESS Time:2013-07-18 10:02:04
