Yesterday after the closing bell, GreenCheck Technology announced that its previously announced internet marketing campaign has been tremendously successful. To date, 93 distributers have sent applications and the company is now in the process of qualifying each of them.
GreenChekâ€™s initial goal was to establish 30 regional distribution partners in 2010, then grow that number by 30 distributors each year to 90 regional distribution partners by the end of 2012. The company estimates that potential gross revenue from this project for 2010-2012 will total $76.8 million. GreenCheck believes it is on track with its goal of building a strong network of distributors in North America and anticipates the majority of the regions qualified and up and running in the second quarter of next year.
In the press release, GreenChek also announced that it has continued to execute European distribution arrangements with TESEL and has received increasing interest for further implementations. As previously announced, the company expects to begin installing ERD units for Heavy Goods Vehicles in the United Kingdom in the second quarter. The current install base could increase GreenCheckâ€™s gross revenue by $8.8 million Euros over the next 4 years.
â€œWe are very pleased with the North American and European market development for the ERD and expect to see continued installations and interest in the coming quarters,â€ commented Lincoln Parke, President of GreenChek. â€œThe interest in our ERD 2.0 has been overwhelming in the truck transportation sector.â€
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