Elevate Reports Operational Expansion and Revenue Growth for Q2 2012

SAN CLEMENTE, Calif.--(BUSINESS WIRE)--Elevate, Inc. (ELEV.OB), today summarized developments during, and announced financial results for, its fiscal 2012 second quarter ended November 30, 2011. The company reported a 100% revenue growth from Q1 and a 198% growth over the previous year’s Q2. Unit sales grew by almost 800% from the previous quarter, and operational expenditures decreased by 16% in the same time period.

“forward-looking statements. Forward-looking statements are identified by the words”

The Company was able to grow revenues and pare down expenditures amid substantial operational expansion that included the formation and launch of its telesales division, and the restructuring of key strategic partnerships.

“September through November is traditionally very slow in the direct sales space, particularly among those who compete with our smart home suite of products,” says Wright Thurston, Elevate CEO. “However, we’ve had a great quarter, and I think it’s because we have been smart about how we expended our resources. We leveraged the viral growth of our referral model and our recently launched telesales division to achieve sales growth without massive staffing, and we negotiated more favorable terms with suppliers and other key partners to drive greater revenue per sale.”

Rod Place, Elevate COO explains, “Many of our competitors were wrapping up sales operations for the season, scaling down their workforce, and going into hibernation until recruiting would begin the following spring. We saw an opportunity to push our business forward when everybody else was taking a break.”

Early in November, Elevate opened sister call centers in Utah and California to process the backlog of job applicants and customer referrals that had begun to overwhelm field sales staff. Shortly after opening the call centers, the Company secured contracts with multiple national lead providers to leverage the centers’ processing capacity.

ABOUT ELEVATE

Elevate provides data, voice, video, mobile and security solutions in 22 major markets through a network of independent Certifiable Geniuses. Please direct inquiries to [e-mail].

Forward-Looking Statements

Certain statements, including this release, contain certain statements, other than purely historical information, including: estimates, projections, statements relating to our business plans, objectives, expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements. Forward-looking statements are identified by the words "believes," "project," "expects," "anticipates," "estimates," "intends," "strategy," "plan," "may," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions, and are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a materially adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and changes in generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward looking statements and undue reliance should not be placed on such statements. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Further information concerning our business, including additional factors that could materially affect our financial results, can be found at our website www.goelevate.com, and in our filings with the SEC.