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Odaat seeks unique, high-return investments. I am a research, buy, and hold investor. I do not short stocks or play options.
  • Customer Lease Finance Company Resoundingly Affirms APGI Profit Logic 0 comments
    Feb 10, 2014 10:04 AM | about stocks: APGI

    Note: This instablog entry is not the main, detailed analysis to which I refer in the Seeking Alpha article. To view that entry (well worth the read), scroll down to the one nearest the bottom below titled "Dual Duels in Dual Fuels: Why APGI Emerges The Natural (gas) Champion"

    This instablog entry needs no elaboration by me, for sure. Money talks, and this company clearly has done its dd and come to the same conclusion as APGI longs, and the many customers who have already purchased and installed APGI dual-fuel units. APGI again shows its masterful real-world grasp on the industry, by having this company offer the ability to provide financing without having to secure the "entire" vehicle. That is a huge thing, from the perspective of the targeted customer base.

    Please note that in the release partial copy below, any emphasis added is mine. Here is a copy of the news parts of the release:

    American Power Group Corporation and VFG Energy Leasing and Finance Announce a New Leasing Program for APG Dual Fuel Conversions

    Over $18 Million of Natural Gas Related Transactions Funded by VFG in Calendar 2013

    LYNNFIELD, MA--(Marketwired - Feb 10, 2014) - American Power Group Corporation(OTCQB: APGI), today announced a new leasing program for APG dual fuel conversions and related natural gas tank systems that will be offered by Vision Financial Group, Inc. through its specialty unit VFG Energy Leasing and Finance ("VFG") of Pittsburgh, PA.

    Lyle Jensen, American Power Group Corporation's Chief Executive Officer, stated, "Many fleet owners interested in natural gas conversions of their existing fleets have found it challenging to obtain traditional bank financing for alternative fuel add-on systems for their diesel trucks. We are excited that VFG has seen the value of APG's dual fuel technology and are willing to provide financing terms with and without a perfected security interest on the entire vehicle chassis. This is critical for many of the fleet operators we've spoken to who are looking to convert multiple units at a time. We believe our ability to offer fleet customers with a viable financing solution will provide them with a path to convert a larger percent of their fleet sooner rather than later."

    Mr. Jensen added, "APG's vehicular conversion technology is generating customer validated net monthly fuel savings of $1,000 to $1,800 per month depending on the miles driven and cost of fuel. While each customer's circumstance will differ, we believe that after lease related costs, a fleet owner can see his take-home income increase by $200 to $1,000 per month. We know of no other truck-related technology that can create that kind of incremental savings and income."

    Bill Summers, Vice President of VFG, stated, "For more than 20 years, Vision Financial Group and our new VFG Energy division have been fueling American business growth by providing the necessary capital to invest in proven technologies across a wide variety of industries including Alternative Fuels. We believe that natural gas, as an alternative transportation fuel, is the wave of the future and have been monitoring American Power Group's steady progress in establishing their market leadership position in dual fuel conversions." Mr. Summers added, "VFG Energy Leasing and Finance serves a broad customer base by providing flexible financing on most types of commercial equipment and we look forward to supporting APG's business model with multiple competitive financing solutions."

    Disclosure: I am long APGI.

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