Bollente Companies Sets Sales Record in First Quarter of 2018

PHOENIX, May 23, 2018 /PRNewswire/ -- Bollente Companies, Inc. (OTCQB: BOLC) released its earnings report for Q1 2018, touting a company record 268% year-over-year increase in sales and a fourth consecutive quarter of increasing gross margins. These gains are attributable to accelerated demand for its trutankless line of smart water heaters, meteoric growth in channel sales, a continued focus on customer experience and the company's recently improved cost structure.

"2018 is proving itself to be a breakout year for trutankless," said Michael Stebbins, president of trutankless. "Our record first quarter results continue the trends of prior quarters, we're still gaining momentum, and we're on pace to increase production three-fold over the next twelve months."

"In the past, electric tankless water heaters didn't work well and didn't last; the technology wasn't there," commented Troy Koopman, General Manager of Horizon Plumbing in Arlington, Texas. "It wasn't really an option for us, but now it is with the trutankless products."

As a testament to the company's focus on service, Houzz.com awarded trutankless its fourth consecutive "Best of Houzz" designation for achieving the highest level of client satisfaction in January 2018.

"Our sales team strives for exceptional service with every customer, from the first contact through installation and beyond," said Stebbins. "Our perfect reviews on Houzz.com are well-earned."

Bollente Companies launched its trutankless water heater line in 2014. It was named "Best Home Technology Product" and received the Governor's Award of Merit for Energy and Technology Innovation at Arizona Forward's Environmental Excellence Awards. Since then, the product has garnered a multitude of accolades for its smart home technology and energy efficiency, as well as being featured as a water saving device in Consumer Reports' Top 5 Remodeling Trends for 2016 write-up. To learn more about the company's products or to find a dealer near you, visit trutankless.com.

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About trutankless:
Founded in 2010, trutankless, a division of Bollente Companies, Inc. (OTCQB: BOLC), was brought to life through the combined insight, ingenuity, and drive of industry professionals and engineers to create a line of electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability and environmental sustainability while overcoming the frustrating drawbacks of other tankless units on the market. 

The trutankless mission is to efficiently provide hot water on demand by combining smart engineering with forward-thinking technologies that save owners money, energy, and space.  For more information, please visit www.trutankless.com or call 855-TO-BUY-TRU.

Forward-Looking Statement: The statements in this press release regarding any implied or perceived benefits from the release by trutankless of its line of electric tankless water heaters or added key strategic sales and distribution partners are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, risks of the key strategic sales and distribution partners ability to sell our product, and effects of legal and administrative proceedings and governmental regulation, especially in a foreign country, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include the introduction of new technology, market conditions, and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Bollente Companies, Inc.