Alpine 4 Holdings (ALPP) Subsidiary, RCA Commercial Begins Q3 with A Record $2.5 Million of New Orders
Alpine 4 Holdings (NASDAQ:ALPP) reported record weekly orders of $2.5 million for its subsidiary RCA Commercial, marking its largest orders since inception. This surge in demand reflects strong sales in commercial TVs, advanced LED lighting, and hospitality products. Andrew Spence, VP of RCA, highlighted the importance of continued innovation and collaboration with ElecJet for future consumer products. CEO Kent Wilson emphasized RCA's diverse offerings and synergy within the company's business model, aiming to enhance their competitive edge.
- RCA Commercial achieved record orders of $2.5 million, the highest weekly total in its history.
- Strong demand for commercial TVs and advanced LED lighting products.
- Collaboration with ElecJet to expand product offerings.
- None.
PHOENIX, AZ / ACCESSWIRE / July 6, 2022 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, subsidiary RCA Commercial (RCA), received orders for the first week of July totaling
"We founded RCA Commercial in 2006, and it brings us great pride to set this record weekly revenue while under the umbrella of Alpine 4 Holdings. As exciting as this record is, we always continue to innovate and look to the future. Access to A4 subsidiaries has led to a collaboration with ElecJet for consumer-based products that we are incredibly excited about. While it takes time to design and develop brand new products, we look forward to expanding our product offering and the fulfillment of these products through our well-established distribution channels," stated Andrew Spence, VP of RCA Commercial.
Kent Wilson, CEO of Alpine 4, had this to say, "At RCA Commercial, we offer various solutions, including advanced LED Lighting Systems, Commercial TVs, Healthcare technology products, Energy Storage Systems, and much more. It is our overarching goal to provide our customers with synergistic products and services that truly set us apart from the competition. I congratulate our RCA Commercial employees for a job well done because we can only accomplish our goals with our amazing employees!"
RCA will reside in the A4 Technologies, Inc., Portfolio as both a Stabilizer and Facilitator from Alpine 4's DSF business model.
About RCA Commercial: RCAs rich history of innovative problem solving is the catalyst behind the full line of RCA commercial TVs and electronics that are designed to meet the unique needs of the lodging, healthcare, education, and other commercial markets, now and in the future. RCA is also a pioneer in the design and manufacturing of new, energy-efficient LED lighting products, having invented the first blue light emitting LED light and introducing modern LED products over a decade ago.
https://www.rcacommercialtv.com/
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a NASDAQ traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas, and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
Contact: Investor Relations
investorrelations@alpine4.com
www.alpine4.com
Forward-Looking Statements: Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
Other factors that may affect our businesses include global economic trends, competition and geopolitical risks, including changes in the rates of investment or economic growth in key markets we serve, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries, and related impacts on our businesses' global supply chains and strategies; market developments or customer actions that may affect demand and the financial performance of major industries and customers we serve, such as secular, cyclical and competitive pressures in our Technology, Construction and Manufacturing businesses; pricing, the timing of customer investment and other factors in these markets; demand for our products or other dynamics related to the COVID-19 pandemic; conditions in key geographic markets; and other shifts in the competitive landscape for our products and services; changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs, regulation and the effects of tax law changes; our decisions about investments in research and development, and new products, services and platforms, and our ability to launch new products in a cost-effective manner; our ability to increase margins through implementation of operational changes, restructuring and other cost reduction measures; the impact of actual or potential failures of our products or third-party products with which our products are integrated, and related reputational effects; the impact of potential information technology, cybersecurity, or data security breaches at Alpine 4, our subsidiaries or third parties; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021, as updated in our Quarterly Reports on Form 10-Q.
SOURCE: Alpine 4 Holdings, Inc.
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FAQ
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