Welcome to our dedicated page for US LIGHTING GROUP news (Ticker: USLG), a resource for investors and traders seeking the latest updates and insights on US LIGHTING GROUP stock.
US Lighting Group, a subdivision of the prominent LED gauge display manufacturer Intellitronix, is the company responsible for producing the longest-lasting LED bulb on the market. With top-tier energy efficiency and a lifespan exceeding two decades, their expert engineering and unique design have set them apart. All products are proudly manufactured in the USA and distributed domestically and internationally. US Lighting Group not only engineers and manufactures long-lasting LED bulbs but also provides unique distributorship opportunities. Rather than traditional franchises, USLG offers businesses and individuals the chance to own a distributorship, combining the benefits of franchising with the freedom of business ownership.
US Lighting Group, Inc. (OTC PINK: USLG) announced its Futuro Houses division has joined the Modular Building Institute (MBI). This membership provides access to financing and resources for building regulations, enhancing visibility for Futuro Houses. Following a successful exhibition at the Cleveland Home & Remodeling Expo, where the Futuro House model attracted significant attention, the company aims to tap into the growing demand for modular homes. Futuro Houses offers customizable, environmentally friendly, 600-square-foot shell kits, with deliveries expected in 2023. The company is building a dealer network and marketing directly to consumers.
US Lighting Group (OTC PINK:USLG) announced its participation in the Cleveland Home & Remodeling Expo from March 24-26, showcasing its new brand, Futuro Houses. The company will display its first full-scale prototype, aimed at attracting dealers and consumers. The Futuro Houses utilize fiberglass composites for energy-efficient modular homes, enabling both off-grid and traditional applications. A dealer network and consumer direct marketing initiatives are underway. The basic shell kit offers 600 square feet of customizable living space, ready for immediate delivery. The company is also joining the Modular Builders Institute to enhance financing and zoning processes.
US Lighting Group, Inc. (OTC PINK:USLG) announced the launch of the Futuro Houses, marking the first full-scale prototype of a unique fiberglass home originally designed in the 1960s. This innovative structure is lightweight, strong, and resistant to rot and pests due to its fiberglass construction. The company is on track for its best revenue quarter, driven by record deliveries of Cortes Campers, and aims to commercialize the Futuro House as a customizable kit for contractors. The basic model offers 600 square feet and is intended for various applications, with deliveries expected in 2023.
US Lighting Group (OTC PINK:USLG) has announced a strategic partnership with VR Evolution in Quebec, aimed at enhancing the financing options for Cortes Campers through a Canadian floor plan finance program. This collaboration comes ahead of the busy RV show and camping season, positioning the company for growth. CEO Anthony Corpora expressed optimism about expanding their market presence in Canada, anticipating increased demand for Cortes Campers' products. This initiative is part of USLG's broader strategy to ramp up production and capitalize on outdoor activity interest in the region as spring and summer approach.
US Lighting Group (OTC PINK:USLG) has appointed Michael Coates as its new Controller, effective immediately. Coates, a certified public accountant and financial planner, will oversee the company's accounting functions, managing financial data consolidation and reporting. His experience includes serving as a senior tax analyst at PNC Private Bank and a wealth strategist. CEO Anthony Corpora highlighted the need for additional financial staff amid the company's rapid expansion and aims for increased revenue and profitability in 2023. US Lighting Group operates subsidiaries focused on molded fiberglass products, fiberglass houses, and high-performance boats.
US Lighting Group (OTC PINK:USLG) reported preliminary, unaudited revenue exceeding $1.0 million for fiscal 2022, surpassing 2021 figures by over tenfold. This growth was fueled by a 70% increase in its Cortes Campers dealership network. The company is positioned for continued expansion, focusing on unique composite products for the outdoor lifestyle market. CEO Anthony Corpora highlighted the firm's solid foundation for growth, with expectations to enhance production and capitalize on rising demand. The company's affiliation with the RV Industry Association (RVIA) and JD Power approval further supports its market strategy.
US Lighting Group (OTC PINK:USLG) announced that Cortes Campers RV travel trailers are now featured in J.D. Power and NADA Blue Book Guides. This listing provides both new and used retail values, aiding consumers and loan institutions during financing processes. CEO Anthony Corpora emphasized that this development will enhance retail customer experience and dealer support. Furthermore, the advanced fiberglass composite technology used in Cortes Campers is expected to help retain value over time. The company aims to strengthen its brand recognition following this achievement.
US Lighting Group (OTC PINK:USLG) announced a strategic partnership with Bluegrass International to enhance sales, financing, parts, and service of Cortes Campers in central Kentucky. This collaboration, which includes a purchase order valued at $395,000, aims to tap into greater market potential. Bluegrass International, a family-owned business with over 60 years in commercial truck and RV sales, has three locations in Kentucky. Cortes Campers is ramping up production to meet anticipated demand, utilizing advanced marine materials for its RVs, ensuring durability and lightweight features.
US Lighting Group (OTC PINK: USLG) has partnered with Pete's RV Center to distribute Cortes Campers in six states: Vermont, Massachusetts, Connecticut, Indiana, South Carolina, and Maine. This partnership is significant as it leverages Pete's RV Center's 70+ years of experience in the RV market. The company anticipates increased production for 2023 and has introduced expanded color options for its RV products. Cortes Campers distinguishes itself with a construction method that avoids wood, using fiberglass composites instead, promising a durable and lightweight design.
US Lighting Group (OTC PINK:USLG) announced that its Cortes Campers 17-ft metallic silver flake RV travel trailer will be showcased at the Ohio RV Supershow 2023, held at Cleveland's IX Center from January 4th to 8th. The new model, featuring unique metallic color options, will expand the company's product offerings. Cortes Campers, known for its durable fiberglass construction, aims to enhance its distributor network across the U.S. and Canada. CEO Anthony Corpora expresses optimism about demand from dealers and upcoming RV shows.
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