September was an important month for us. We have been busy working to complete the licensing process for our newly added solar system installation and development efforts, meeting with potential clients, and developing plans to qualify and establish access to direct solar project funding that would enable us to underwrite our own projects.
Our efforts are aimed at expanding operations to take advantage of the revenue opportunities for solar installation and project development. The market evidence shows high growth occurring in the solar project development market, but the realities are that the industry is still only scratching the surface of a vast solar installation opportunity and we believe that this is a good time to enter this market.
An added benefit making this business expansion a more natural fit for XsunX is management’s extensive solar, construction, project development, and finance background, which provides the Company with experience and expertise necessary to these new operations. We are also leveraging management’s years of construction design and build experience towards developing new solar system installation ideas that we believe may provide us with some unique marketing capabilities in the commercial and industrial installation market.
Overall, we are very excited about the progress we are making, the opportunities to generate sales, and the growth potential these added business development efforts provide XsunX.
For more information on what we are doing, you can view a recent interview from last Friday on MoneyTV with our CEO, Tom Djokovich here.
Thanks for your time and have a great week.
Tom Djokovich, CEO
Safe Harbor Statement: Matters discussed in this shareholder newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this shareholder newsletter, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.