Alpine 4’s (ALPP) Subsidiary Quality Circuit Assembly, Inc (QCA) Expects to Report Strong Q3 Demand From its Technology Customers

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PHOENIX, AZ / ACCESSWIRE / September 14, 2020 / Alpine 4 Technologies (ALPP) anticipates its subsidiary, Quality Circuit Assembly (QCA), will deliver its strongest revenue of 2020 in Q3, projecting earnings between $2.8 million and $3 million—a 35% increase over the first half of the year. This growth is attributed to new technology customers aiding in offsetting pandemic-related challenges faced by long-term clients. CEO Kent B. Wilson expressed satisfaction with the company's strategic initiatives and team effectiveness.

PHOENIX, AZ / ACCESSWIRE / September 14, 2020 / Alpine 4 Technologies, Ltd. (OTCQB:ALPP) a leading operator and owner of small market businesses expects its subsidiary, Quality Circuit Assembly (QCA), to report its strongest revenue earnings of 2020 in Q3. QCA projects to report $2.8 million to $3 million which is a 35% increase over Q1 and Q2. QCA's leadership team attributes the increase in revenue to the addition of new technology customers who have been able to help counteract the effect the pandemic has had on some of QCA's longtime customer base.

Kent B. Wilson, Alpine 4 CEO, had this to say: "Our MIDK (Maintain, Invest, Divest, Kill) list developed with our leadership team at QCA, in early April, is showing signs of bearing large fruit. I am very pleased with our sales and production teams for their part in implementing this quickly and effectively."

About Alpine 4 Technologies: Alpine 4 Technologies, Ltd (ALPP) is a publicly traded conglomerate that is acquiring 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 and that the ability to have collaboration across varying industries can spawn new ideas and create fertile ground for competitive advantages. This unique perspective has culminated in the development of our Blockchain enabled Enterprise Business Operating System called SPECTRUMebos.

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:

Ian Kantrowitz, VP of Investor Relations
investorrelations@alpine4.com
www.alpine4.com

Forward-Looking Statements: 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.

SOURCE: Alpine 4 Technologies, Ltd.

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FAQ

What revenue does Alpine 4's subsidiary QCA expect to report for Q3 2020?

Alpine 4's subsidiary QCA expects to report between $2.8 million and $3 million in revenue for Q3 2020.

How much of an increase in revenue is QCA projecting compared to Q1 and Q2?

QCA is projecting a 35% increase in revenue compared to Q1 and Q2.

What factors contributed to QCA's projected revenue growth?

QCA's revenue growth is attributed to the addition of new technology customers, which helped counteract pandemic impacts.

Who is the CEO of Alpine 4 Technologies?

The CEO of Alpine 4 Technologies is Kent B. Wilson.

What is the ticker symbol for Alpine 4 Technologies?

The ticker symbol for Alpine 4 Technologies is ALPP.