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Energy Telecom Reports 1st Quarter 2013 Results

admin — Mon, 13 May 2013 10:00:16 +0000

ST. AUGUSTINE, Fla., May 13, 2013 (GLOBE NEWSWIRE) — Energy Telecom (OTCBB: ENRG) (“Energy Telecom” or the “Company”), developer of the world’s first hands-free two-way, sound attenuating wireless telecommunication eyewear today announced financial results for the fiscal year 2013 first quarter ended March 31, 2013. In the first quarter, Energy Telecom generated revenue of $61,500 compared to $16,751 in the same period of 2012. Net sales increased in 2013 principally due to delivery of the Company’s telecommunication eyewear to its global distribution partner. Energy’s distribution partner is selling the eyewear product in the United States and Europe.

Net income was $7,110 in the first quarter of 2013 compared to a loss of $167,432 in the same period of 2012. In connection with the sale of series A convertible preferred stock, the conversion feature of the preferred stock is considered a derivative financial instrument that is accounted for as a discount with it being a derivative liability. The Company is required to determine the fair value of this liability, with the change in fair value recorded in the financial results each period as a non-cash charge or gain. In the first quarter of 2013, Energy Telecom recorded a non-cash gain of $158,628 for the change in fair value of the derivative liability.

“We are exceptionally pleased to enter a period of sustained revenues after multiple years of product development. Our sales growth in the first quarter of 2013 is greater than sales in all prior periods combined, providing us with a favorable start for the year,” commented Tom Rickards, President& CEO. Mr. Rickards continued: “In addition, our backlog of $307,500 at March 31, 2013, which we anticipate recognizing over the next few months, demonstrates the market acceptance and demand for our eyewear. Delivery of product in increasing volume to our current Protective Equipment distribution partner, ongoing new product development, and expansion into new territories and new market channels other than PPE should help mitigate the uncertainty that is expected to persist in the overall economy for the remainder of the year.”

About Energy Telecom:

Energy Telecom is a pioneer and innovator in the field of communication eyewear, and holds U.S. and foreign patents allowing for the manufacture, marketing and distribution of the world’s first hands-free, wireless communication eyewear providing quality sound and noise attenuation. Various models of the eyewear will be worn by police, fire, rescue, military and security personnel, and by those working in bio-hazardous, mining, construction and heavy manufacturing. The eyewear will also be worn by those using cellular and smart phones for voice communication, and for listening to high-fidelity streaming stereo.

The Energy Telecom, Inc. logo is available at

http://www.globenewswire.com/newsroom/prs/?pkgid=11022

Statements contained in this news release, other than those identifying historical facts, constitute ‘forward-looking statements’ within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company’s future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Tom Rickards

Energy Telecom, Inc.

ITEM 1. FINANCIAL STATEMENTS

ENERGY TELECOM, INC.
CONDENSED BALANCE SHEETS

	March 31,	December 31,
	2013	2012
ASSETS	(unaudited)

CURRENT ASSETS
Cash	$ 306,177	$ 216,479
Accounts receivable, net	61,500	20,882
Inventory	18,420	18,420
Advances to suppliers	-	33,300
Total current assets	386,097	289,081

Property and equipment, net	3,106	3,507

Total assets	$ 389,203	$ 292,588

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES
Accounts payable and accrued liabilities	$ 88,037	$ 62,570
Stockholder notes payable	12,486	13,486
Total current liabilities	100,523	76,056

Derivative liability	369,111	345,875

STOCKHOLDERS’ DEFICIT
Preferred stock, $0.001 par value; 10,000,000 shares authorized
Series A Convertible preferred stock, $0.001 par value, 5,790 shares designated, 3,947 and 2,150 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively	4	2
Class A common stock, $0.0001 par value, 200,000,000 shares authorized, 8,834,541 and 8,884,415 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively	883	888
Class B common stock, no par value, 10,000,000 shares authorized, 600,000 shares issued and outstanding as of March 31, 2013 and December 31, 2012	300,000	300,000
Additional paid in capital	5,574,354	5,532,549
Accumulated deficit	(5,955,672)	(5,962,782)
Total stockholders’ deficit	(80,431)	(129,343)

Total liabilities and stockholders’ deficit	$ 389,203	$ 292,588

ENERGY TELECOM, INC.
CONDENSED STATEMENTS OF OPERATIONS
(unaudited)
	Three months ended March 31,
	2013	2012
REVENUE:
Sales	$ 61,500	$ 13,719
Royalties	-	3,032
Total revenue	61,500	16,751

COST OF GOODS SOLD	50,703	11,217

Gross profit	10,797	5,534

OPERATING EXPENSES:
Selling, general and administrative expenses	160,714	171,431
Depreciation	401	310
Total operating expenses:	161,115	171,741

Loss from operations	(150,318)	(166,207)

OTHER INCOME (EXPENSE):
Interest income	78	70
Gain on change in fair value of derivative liabilities	158,628	-
Interest expense	(1,278)	(1,295)

Total other income (expense):	157,428	(1,225)

Net income (loss) before provision for income taxes	7,110	(167,432)

PROVISION FOR INCOME TAXES
Income tax (benefit)	-	-

NET INCOME (LOSS)	$ 7,110	$ (167,432)

Net income (loss) per common share, basic	$ 0.00	$ (0.02)

Net loss per common share, diluted	$ (0.02)	$ (0.02)

Weighted average number of common shares outstanding, basic	8,855,982	7,645,825

Weighted average number of common shares outstanding, diluted	9,994,102	7,645,825

Energy Telecom Issues Letter to Shareholders

admin — Mon, 07 Jan 2013 09:00:43 +0000

ST. AUGUSTINE, Fla., January 7, 2013 (PR NEWSWIRE) — Energy Telecom (OTCBB: ENRG) (“Energy Telecom” or the “Company”) today announced that the following Letter to Shareholders will be posted today to the investor relations section of the Company’s website at www.energytele.com.

Letter from the President

To My Fellow Shareholders:

Energy Telecom, Inc. (“Energy Telecom” or the “Company”) has made significant progress in 2012, and I am pleased to report on some of these corporate achievements in this letter.

We have developed the world’s first hands-free two-way, sound attenuating wireless telecommunication eyewear, designed for use on a recreational and professional basis. Our recreational eyewear is equipped with wireless two-way Bluetooth voice communication that is compatible with any cellular telephone that is Bluetooth enabled and is capable of streaming stereo music from any Bluetooth enabled music and voice communication devices. In addition, our eyewear works with handheld Bluetooth-enabled VHF and UHF walkie-talkies and Bluetooth adaptors. It contains built-in dual microphones to cancel out background noise and noise-isolating ear plugs that provide a Noise Reduction Rating of up to 30. In addition, the safety lenses come in clear, gray and amber colors, allowing them to be used indoor and outside.

We have another model, which is similar to the recreational model, but contains additional safety features and is intended to be marketed to the Personal Protective Equipment markets (commonly expressed as PPE) for use by police, fire, rescue, military and security personnel as well as companies in bio-hazardous, mining, construction and heavy manufacturing. We have obtained numerous certifications for our telecommunications eyewear. We have obtained the necessary certifications to sell our product as personal protective equipment. We contracted with Colts Laboratories, an independent testing facility that is accredited by the Safety Equipment Institute to complete and verify standards tests.

In July 2012, after several months of development, we completed the research and development of our new model 2.1 eyewear, for both the PPE and recreational markets, and approved the model for sale by our distribution partners. It has a new internal engineering design, and used Eastman copolyester plastics, new thermoplastic elastomer softening sections, and nylon parts in strategic areas for maximum resistance to impact. It has passed the impact requirements described by ANSI Z-87.1, and is being tested to higher impact requirements described in CAN/CSA Z94.3.

I would like to highlight some of our recent corporate achievements below:

Intellectual Property

On August 14, 2012, we were awarded a significant U.S. Utility Patent, US 8,243,973, which provides for, among other claims, the one major advance so many have asked for: wireless ear plugs. This patent has now been accepted as a ‘PCT application’ in 11 countries around the world. This patent provides Energy Telecom with exclusive rights to utilize wireless ear plugs with telecommunication eyewear, and we believe it has numerous applications, ranging from personal protection equipment to recreational use.

In addition to US Continuation-In-Part Utility Patent Application 12,283,029, our patent counsel, Malloy & Malloy, P.A., has filed US Utility Patent Application 13,713,789, which we believe is the most important patent application since the Company was founded. This patent provides claims for a product that establishes a ‘Zone of Safety’ around the wearer, using new technologies never before found on the human head. The innovative ‘Zone of Safety’ technology will benefit workers in hazardous locations, those enjoying sports outdoors, as well as a variety of other applications. The eyewear will receive and accumulate knowledge of the wearer’s surroundings, including many environmental hazards, while simultaneous providing others with the eyewear wearer’s condition and state, including physical condition, location, and movements.

We believe that our existing patents and pending patent applications will transform the telecommunications industry. We will continue to work with our partners to develop new technologies to incorporate into our telecommunications eyewear.

Developing and Strengthening Distribution Relationships

In February 2012, we signed an exclusive Distribution Agreement with a global Personal Protective Equipment manufacturer, for them to brand, market and sell our telecom eyewear into the Personal Protective Equipment industrial safety eyewear marketplaces in the United States and Europe. We anticipate working with this global manufacturer in 2013 to expand the product lines into new marketing and distribution channels to maximize revenue potential.

We are also working with other manufacturing partners, so that a new model of eyewear may be sold in 2013 into the recreational, Bluetooth mobile entertainment, and cellular accessory markets.

Shareholder Equity

We continue to build our company through strategic sales of equity to long-term, fundamental investors. We’ve grown without incurring debt, as we strengthen our balance sheet in these times of financial uncertainty. During the year ended December 31, 2012, we raised $564,935 from the sale of common stock and series A preferred stock. We used a combination of stock and cash to pay for consulting services, including business development, accounting, shareholder relations and advertising. In addition, we instituted a stock incentive plan, which we will use to issue restricted common stock to employees and consultants for services rendered. The plan reserved four million shares that may be issued over the next 10 years, although we are not obligated to issue any of the shares. As of December 31, 2012, we had approximately 8.8 million shares of common stock issued and outstanding.

Upcoming Milestones

We expect that in 2013, we will generate sustained revenues, and with careful guidance, may achieve profitability on a quarterly basis. Any profitability will be based on revenues and the accomplishment of our plans (for example we may decide to reinvest profits, if any, into development of a new type of eyewear described in our ‘Zone of Safety’ patent application), which include the introduction of a new model of eyewear, and continual market channel expansion.

Energy Telecom’s continued success depends on your ongoing support, and we are grateful for your confidence in our company. We are committed to enhancing the value of our company and reward you for your investment.

Sincerely,

/s/ THOMAS RICKARDS

Thomas Rickards

President and Chief Executive Officer

About Energy Telecom

Energy Telecom holds U.S. and foreign patents allowing for the manufacture, marketing and distribution of the world’s first hands-free, wireless communication eyewear providing quality sound and noise attenuation. Various models of the eyewear will be worn by police, fire, rescue, military and security personnel, and by those working in bio-hazardous, mining, construction and heavy manufacturing. The eyewear will also be worn by those using cellular and smart phones for voice communication, and for listening to high-fidelity streaming stereo.

Tom Rickards

Energy Telecom, Inc.

trickards@energytele.com

Energy Telecom Announces Filing of ”Zone of Safety” Patent Application for Telecommunication Eyewear.

admin — Mon, 17 Dec 2012 11:47:47 +0000

Energy Telecom Announces Filing of ”Zone of Safety” Patent Application for The Future of Telecommunication Eyewear.

ST. AUGUSTINE, Fla., December 14, 2012 (GlobeNewswire) — Energy Telecom (OTCBB: ENRG) (“Energy Telecom” or the “Company”) announced that it has filed with the United States Patent and Trademark Office a utility patent application claiming numerous benefits of its future telecommunication eyewear.

The Company filed a multi-claim utility patent application related to its innovative ‘Zone of Safety’ technology for the benefit of workers in hazardous locations, those enjoying sports outdoors, as well as a variety of other applications. Through ground breaking systems that receiving and accumulating knowledge of the wearer’s surroundings, including many environmental hazards, while simultaneous providing others with the Telecommunication eyewear wearer’s condition and state, including physical condition, location, and movements, Energy Telecom’s Telecommunication eyewear takes information gathering, safety and environmental awareness to a whole new level.

About Energy Telecom

Tom Rickards

Energy Telecom, Inc.

trickards@energytele.com

Energy Files ‘Zone of Safety’ Patent Application.

admin — Mon, 17 Dec 2012 14:10:49 +0000

ST. AUGUSTINE, Fla., Dec. 17, 2012 (GLOBE NEWSWIRE) — Energy Telecom (OTCBB:ENRG) (“Energy Telecom” or the “Company”) announced that it has filed with the United States Patent and Trademark Office a utility patent application claiming numerous benefits of its future telecommunication eyewear.

Tom Rickards, President of Energy Telecom stated, “We are very pleased to expand our technology to achieve a product that provides the ultimate in safety for those working and playing in potentially hazardous locations. Our goal is to help achieve the ultimate in safety for workers while on the job, and peace of mind for families who want to know the condition of their friends and relatives when they are outdoors engaging in often hazardous sports.”

Mr. Rickards continued: “We must provide our partners that make, distribute and sell our popular eyewear, with the best innovations and global intellectual property protection possible. We believe this patent application, filed by our team at Malloy & Malloy, PL, has done just that.”

About Energy Telecom

The Energy Telecom, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11022

Tom Rickards

Energy Telecom, Inc.

Energy Telecom Announces Honeywell Safety Products is Selling its Telecommunication Eyewear.

admin — Tue, 04 Dec 2012 11:13:52 +0000

ST. AUGUSTINE, Fla., December 4, 2012 (PR NEWSWIRE) — Energy Telecom (OTCBB: ENRG) (“Energy Telecom” or the “Company”) announced that its telecommunication eyewear is now available for sale by Honeywell Safety Products, a division of Honeywell International (NYSE:HON).

In a Press Release dated December 3, 2012 (http://uvex.us/news.aspx?id=4854 ), Honeywell stated: “Today, Honeywell Safety Products introduced UVEX AcoustiMaxx Stereo Bluetooth eyewear, an all-in-one solution combining maximum impact protection with hands-free voice communication. UVEX AcoustiMaxx enables workers in remote or noisy environments to focus on the task at hand while remaining protected and in contact with their teams, improving safety and productivity on the job. This marks the first time Bluetooth-enabled eyewear is available for industrial applications.

“UVEX AcoustiMaxx is ideal for safety managers faced with protecting workers in environments where communication is challenging, yet essential,” said David Iannelli, senior product manager for Honeywell Safety Products. “This launch underscores our commitment to addressing specific occupational needs through leading-edge technology and innovation, and to supporting a safety culture in every workplace.”

Tom Rickards, President of Energy Telecom stated, “We are pleased that a company with the technical vision and market penetration demonstrated by Honeywell Safety products would introduce telecommunication eyewear incorporating our protected patents in Germany, Great Britain, France, Spain, Italy, the U.S., Canada, Australia, and the Peoples Republic of China.” Mr. Rickards continued: “It is a privilege to support Honeywell as they introduce and sell an eyewear that at the same time provides safety and connectivity.”

About Energy Telecom

Tom Rickards

Energy Telecom, Inc.

trickards@energytele.com

Energy Telecom Announces Another of Its Patent Applications Has Been Accepted in All Eleven Patent Cooperation Treaty Countries Selected.

admin — Thu, 01 Nov 2012 14:55:17 +0000

ST. AUGUSTINE, Fla., Nov. 1, 2012 (GLOBE NEWSWIRE) — Energy Telecom (OTCBB:ENRG) announced that its Patent Cooperation Treaty application has been accepted by the United States Patent and Trademark office, the European Patent Office (for filing in Great Britain, France, Italy, Spain, and Germany), and the patent offices in Canada, Australia, the Republic of China, South Korea and Japan.

The acceptance of these Patent Cooperation Treaty patent applications, based on PCT/US10/000717 claiming benefits stated in Energy’s already awarded US utility patent 8,243,973, moves Energy Telecom’s filing process into the National Phase under Chapter II of the Patent Cooperation Treaty.

Tom Rickards, President of Energy Telecom stated, “We will be pleased to further extend the patent umbrella under which our manufacturing and distribution partners are able to produce and supply the world’s only certified family of telecommunication eyewear delivering valuable and unique benefits to people in noisy and potentially hazardous environments.” “We added Japan and South Korea to the coverage already provided in earlier awarded US and PCT patents,” Mr. Rickards continued, “as we believe our distribution partner’s presence in Asia should be supported as thoroughly as in Australia, the US and Canada, and, in Europe.”

About Energy Telecom

The Energy Telecom, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11022

Energy Telecom, Inc. Announces Issuance of United States Patent Number 8,243,973 With New Eyewear Benefits.

admin — Tue, 14 Aug 2012 14:31:17 +0000

ST. AUGUSTINE, Fla., August 14, 2012 (GLOBE NEWSWIRE) — Energy Telecom (OTCBB:ENRG). Energy today announced the United States Patent Office issued United States utility patent number 8,243,973.

This utility patent, secured by the Intellectual Property team at Malloy & Malloy, PA, Miami, FL, includes claims for benefits to be delivered by the Company’s’ telecom communication eyewear, including totally wireless earpieces, and the ability for wearers to clearly hear spoken communication when working in noisy work and sport environments, and the ability to record and display optical information in a variety of ways.

Tom Rickards, president of Energy Telecom stated: “We look forward to proving patent protection through September of 2028 to our global manufacturing and distribution partners, for a family of communication eyewear products delivering valuable and unique benefits no one else can provide.”

“We’ve expanded the Patent Cooperation Treaty countries in which these new benefits will be protected, to include Great Britain, France, Germany, Spain, Italy, United States, Canada, Australia, Japan, South Korea, and The Republic of China.

“Whether at work, at home gaming or enjoying video, or outdoors, mobile information users deserve and want the highest quality hands-free access to the web, entertainment, and voice communication possible.”

About Energy Telecom

The Energy Telecom, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6947

Energy Telecom, Inc. Announces Its New Model of Consumer Electronics Eyewear Is Ready For Sale.

admin — Mon, 23 Jul 2012 09:00:14 +0000

ST. AUGUSTINE, Fla., July 23, 2012 (GLOBE NEWSWIRE) — Energy Telecom, Inc. (OTCBB:ENRG, www.energytele.com) (“Energy Telecom” or the “Company”) today announced that its new model 2.1 telecommunication eyewear has successfully passed ANSI Z87.1-2010 high-mass and high-velocity impact testing performed by COLTS Laboratories, an A2LA Accredited, independent laboratory. Following the receipt of the test results, Energy Telecom approved the new model for sale by its distribution partners.

This new model is constructed from tougher, more resilient materials and will deliver longer life and greater protection from impact. Users of the Company’s telecom eyewear will also appreciate the improved controls, and longer battery life provided by improved power management.

Mr. Tom Rickards, president of Energy Telecom stated: “We believe the months of engineering, improved materials, improved molding and assembly quality control, have paid off with the best telecommunication eyewear design possible. The new carbon-black textured surfaces provided by the engineering team at Samsin Innotec and Samsin USA, provide a look and feel complementing the eyewear’s already stylish design.”

Energy Telecom wireless communications eyewear allows users to work and play while using their phones (or other Bluetooth enabled devices) hands-free to make and receive calls, run voice recognition applications, and listen to high quality stereo music. The eyewear’s unique, patented technology enables operation in noisy environments while maintaining transmit and receive performance and audio clarity.

About Energy Telecom

For more information contact:

Tom Rickards

Energy Telecom, Inc.

trickards@energytele.com

Energy Telecom, Inc. Announces Allowance of Patent Application for Claims of New Benefits for its Telecommunication Eyewear.

admin — Mon, 14 May 2012 12:18:17 +0000

ST. AUGUSTINE, Fla., May 14, 2012 (GLOBE NEWSWIRE) — Energy Telecom, Inc. (OTCBB:ENRG, www.energytele.com) (“Energy Telecom” or the “Company”) today announced that its Intellectual Property counsel, Malloy & Malloy, PA, informed the Company that the United States Patent Office has formally allowed its utility patent application 12/283,029 (confirmation 5972), which leads to the assignment of a U.S. utility patent number and publication..

The patent application and eventual patent includes claims for benefits to be delivered by the Company’s’ telecom communication eyewear, including totally wireless earpieces, the ability for wearers to clearly hear spoken communication when working and active in noisy work and sports environments, and the ability to record and display optical information in a variety of ways.

Tom Rickards, president of Energy Telecom stated, “We look forward to providing patent protection through September 2028 to our global manufacturing and distribution partners, for a family of communication eyewear products delivering valuable and unique benefits no one else can provide. We’ve expanded the Patent Cooperation Treaty countries in which these new benefits will be protected, to include Great Britain, France, Germany, Spain, Italy, United States, Canada, Australia, Japan, South Korea, and The Republic of China.

About Energy Telecom

For more information contact:

Tom Rickards

Energy Telecom, Inc.

trickards@energytele.com

Energy Telecom, Inc. Brings Its Patent Portfolio to the Attention of Companies Interested in Telecommunication Eyewear.

admin — Mon, 02 Apr 2012 14:12:45 +0000

Energy Telecom, Inc. Brings Its Patent Portfolio to the Attention of Companies Interested in Telecommunication Eyewear.

ST. AUGUSTINE, Fla., April 2, 2012 (GLOBE NEWSWIRE) — Energy Telecom (OTCBB:ENRG). Energy today enriched its value proposition by informing global entertainment and communication companies showing interest in music, voice communication and gaming eyewear, of Energy’s US and International patent portfolio. Future eyewear may provide features covered by claims in Energy allowed and issued patents, such as optically displayed 3D, text, and augmented reality, while the wearer privately listens to voice communication and quality stereo music.

Mr. Rickards, president of Energy Telecom stated: “We believe the telecommunication eyewear industry has reached a point where wireless mobile information -audio and video communication and entertainment- will be delivered to wide eyewear markets not only for industrial safety, but for entertainment as well.”

“Under the protection provided by our global patents, our manufacturing and distribution partners, and licensees, will deliver those eyewear.”

About Energy Telecom