LED SOURCE POISED FOR GROWTH – ADDING 4 EXECUTIVES IN Q4

LED SOURCE POISED FOR GROWTH – ADDING 4 EXECUTIVES IN Q4

LED SOURCE® POISED FOR GROWTH – ADDING 4 EXECUTIVES IN Q4

(Wellington, Florida) LED lighting continues to grow, with new opportunities developing quickly for the products and services LED Source® offers, especially under it’s newest brand, Effinion®. With a highly unique and scalable business model, encompassing both its Franchise and high growth National Accounts businesses, LED Source® is strengthening its platform – adding high value individuals in critical roles.

A recent study by the Department of Energy estimated that switching to LED lighting over the next two decades could save the country $250 billion in energy costs over that period, reduce the electricity consumption for lighting by nearly one half, and avoid 1,800 million metric tons of carbon emission. Market tracker Strategies Unlimited claims the worldwide high-brightness LED market surpassed $14 billion in 2013, with 10 companies accounting for more than 68% of the market. Lighting, which doubled revenues since 2012, now accounts for 30% of the market. LED Source, through it’s new brand Effinion®, is providing lighting solutions that that can last 100,000 hours or more and provide electricity bill savings of up to 85% over their fluorescent and incandescent counterparts. 10-year warrantees, zero capital outlay and design services give the company a huge advantage over many of its competitors.

LED Source®, currently the only franchisor of LED lighting systems, is pleased to add key people in management and growth roles.

  • Tony D’Andrea will take on the title of Tech / Systems Manager with more than 20 years experience in process control and design & engineering. Tony will lead the company’s design and products / R&D teams while improving process and controls in Franchise and National Accounts.
  • Kasia Gordon establishes a new role for the company. Its’ first National Accounts Sales Exec, Kasia will manage the growth of the company’s exclusive National Accounts business. Kasia is a first generation American, born of Polish immigrant parents. Her background in finance, LED lighting and franchise concepts, uniquely suits this new role.
  • Mark Vechiola joins in the role of National Sales Director and will lead the company’s growing sales in 4 key areas, Franchise sales, National Accounts, Effinion® and D&D (Direct and Distribution). Marks background includes executive management in the LED space, plus 12 years in the financial markets.
  • Bruce Chodash will look to improve and expand Franchise Operations where he will work between the company’s Operations team and Franchise owners. Beginning his career in securities and investment banking, Bruce then established a restaurant franchise company which was later sold to private equity.

While too many companies have failed to find their way in the LED space, LED Source® have displayed innovation and courage while creating a very early player in the LED industry, launching it’s own brand of LED products, Effinion®, establishing itself as a Franchise company while also scaling a successful National Accounts business. 2017 should prove to be a very interesting year that sees LED Source® scaling each of it’s businesses and becoming one of the best known brands in LED.

 

About LED Source

Founded in 2005, LED Source® is North America’s first franchisor of LED lighting. The company supplies high quality LED lighting products to a variety of spaces, and specializes in design, support, development, project management and financing through its Retrofit, Architectural, Entertainment and National Accounts divisions. In 2012, LED Source launched LouMan Money®, a private-labeled finance program that affords companies an LED lighting upgrade without tying up capital or using existing lines of credit. For more information and/or about franchising opportunities, please visit www.LEDsource.com/franchising

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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