CLIFTON, N.J., Feb. 13, 2006 (PRIMEZONE) -- Smart Energy Solutions, Inc. (OTCBB:SMGY), manufacturer of the Battery Brain, today announced that it experienced record product shipments for January, 2006. Shipments for the month were up 1,700% over January, 2005.
The company attributes the increase to the following developments:
-- The addition of Superior Automotive Company as a customer,
including Superior's first stocking order;
-- A restocking from a major truck body builder;
-- Increased orders from international distributors.
"The shipment to Superior Automotive Company represents a significant achievement since it provides us with the opportunity to penetrate the new car dealership market," said Pete Mateja, CEO of Smart Energy Solutions, Inc. "There are over 23,000 new car dealers in North America. Other channels are also looking positive as well. We are making progress in penetrating the vehicle body builder market, plus our new initiative through Hirsch Automotive, a leader in antique and classic car restoration products, gives us exposure to a whole new customer segment."
Mateja cited several other new business relationships as reasons for optimism in coming months. "We have reached an agreement with Elcart Distribution S.P.A., which enables us to serve the vehicle market in Italy and provide every vehicle owner the opportunity to conveniently purchase Battery Brain, both commercial and individual," he stated. Smart Energy Solutions' new relationship with Elcart, one of Italy's leading retailer/wholesalers, was the subject of a recent article in leading technology industry business publication "Red Herring" ("Italians Get Car Battery Brain," February 6, 2006).
Smart Energy Solutions has also signed roughly a half-dozen new sales rep organizations in recent months, according to Mateja. "Not only have several new catalog businesses committed to stocking Battery Brain, but also we are in the final stages of negotiations with a major retailer," he notes. "We hope to be announcing an initial multi-store market test with this chain very soon."
On the direct sales front, Battery Brain product testing is currently underway at a number of potential fleet customers, including police force, industrial, and handicapped vehicle accounts throughout North America. Finally, Smart Energy Solutions is testing several new lines of products with the expectation that many will be introduced in coming months.
About Smart Energy Solutions
Smart Energy Solutions, Inc. (OTCBB:SMGY) is the sole owner of the Battery Brain line of automotive products. The company is headquartered in Clifton, NJ, with operations in Israel, China and Italy. Visit www.smgy.net and www.batterybrain.com.
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, Smart Energy Solution's future operations. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Smart Energy Solution's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to our ability to consummate any of the agreements described above, failure to generate revenues, general economic conditions and other factors that are detailed in Smart Energy Solution's Quarterly and Annual Reports and other documents Smart Energy Solution files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Smart Energy Solutions does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Smart Energy Solution's expectations and estimates.