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TICKERS: SSC; SSCFF; R3W

Company Achieves Record-Setting Monthly Sales
Contributed Opinion

Source:

Technical analyst Ron Struthers outlines the impacts of record sales for this energy efficiency firm.

On Tuesday, Smartcool Systems Inc. (SSC:TSX.V; SSCFF:OTC; R3W:FSE) announced sales for the month of October exceeded CA$1,000,000. This is the highest monthly sales achieved in the company's history. It took longer for this technology to gain sales momentum than I first thought, but the time is now arrived. I expect we will see strong numbers in the coming quarters, but expect volatility as with any start up but it will be from higher levels.

"This is a tremendous accomplishment for the company and is a function of what has been coming together for us in the last year," explained Ted Konyi, Smartcool's CEO, in a press release. "The acquisition of Total Energy Concepts (TEC) and the move from in house sales to an agency agreement in the UK have significantly contributed to this result. The global acknowledgement of climate change and the resulting drive to reduce carbon emissions, combined with ever increasing utility rates, improved costs of efficiency technologies and IoT based energy monitoring is driving companies and governments to seek efficiency measures."

The majority of the sales generated in October are with national and international multilocation clients, which should lead to significant follow on sales activity.

On the chart, there is a solid base around $0.04.5 to $0.05. A break above $0.07 could signal higher prices and a solidify a new rally.

smartcool11-8-18

Ron Struthers founded Struthers' Resource Stock Report 23 years ago. The report covers senior and junior companies with ample trading liquidity. He started his Millennium Index of dividend stocks in 2003 - $1,000 invested then was worth over $4,000 end of 2014 and the index returned 26.8% in 2016. He retired from IBM after 30 years in customer service, systems and business analyst, also developing his own charting software. He has expertise in junior start-ups and was a co-founder of Paramount Gold and Silver.

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Disclosure:
1) Ron Struthers: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Smartcool Systems. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: None. Additional disclosures below.I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: Smartcool Systems. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Smartcool Systems. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Smartcool Systems, a company mentioned in this article.

Charts and images provided by the author.

Struther's Resource Stock Report: All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

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