We just received good news that our odor control products
will be deployed at seven new locations across Southern California,
representing a local area market for one of our national accounts, and an
example of our top-down strategy for systematic local adoption.
As a result of our continued success serving this national
account, we were invited to meet with its area managers to discuss the use of
our products across their facilities. Those introductions led, in turn, to
direct work with their local operators in Southern California. This win is a
great example of our top-down marketing strategy leading to increased local
adoption.
Since we’re adding more clients, we’re adding more staff. We
reported in our 10-K that we had hired two new account executives. We’ve now
added an internal sales representative and are also adding manufacturing and
client support staff.
We’re not just selling products to these clients, we’re also
beginning to bid on expanded service contracts with them. Our engineering team
has submitted design, construct and install bids for misting systems, and we
will report more on that as information becomes available. We believe
opportunities like these will continue to expand across the nation. These wins
are a result of us earning our customers’ trust and delivering quality results
and service, and we hope are a precursor to further expanding our sales
nationally. We reported in our 10-K that our annual revenue from product sales
increased 123% in 2017. We believe this growth will accelerate in 2018, and we
intend to continue our blog posts of these small victories.
Legal Disclaimer
Our attorneys remind us that while we believe these
developments are important and that these small victories could add up and lead
to big victories, at this stage they do not rise to the level of an official
material disclosure. Naturally, as the size and magnitude of these developments
become material, we will report that information in an 8-K and in our regular
SEC filings.
What is a BioLargo Spotlight?
It’s an exciting time at BioLargo. We’re moving fast, and it
can be difficult to keep our stockholders and the investing public informed of
our progress. In light of this, we will be posting a series of short articles
titled “BioLargo Spotlight”, highlighting certain business activities and other
important information in between our required SEC filings. Of course, these do
not replace our public filings, which contain more complete information than
can be delivered in this forum, and thus we urge you to carefully read and rely
on those filings for definitive information, and to review our risk factors and
caution regarding forward-looking statements. We are optimistic about our
business as we work hard to continue to grow and ultimately generate profits
for our stockholders.
Safe Harbor Statement
The statements contained herein, which are not historical,
are forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the forward-looking
statements, including, but not limited to, the risks and uncertainties included
in BioLargo's current and future filings with the Securities and Exchange
Commission, including those set forth in BioLargo's Annual Report on Form 10-K.
Company Contact
Dennis Calvert
President and CEO
BioLargo, Inc.
949-643-9540 x2
No comments:
Post a Comment