Las Vegas, NV -- (SBWIRE) -- 11/01/2013 -- WINDPOWER INNOVATION (OTCMKTS:WPNV) declared that its subsidiary Cameo earned record revenues during the 4th quarter ended September 30, 2013. The quarterly revenues of the subsidiary are more than $ 1.6 million.
WindPower says that there is about 72% increase in the revenues of the subsidiary since the fourth quarter of last year. The company says that in its swimming pool business, the revenues represent the contracts and not actual revenue.
The company records revenue as the percentage of project completed. The company says this practice is in accordance with GAAT rules. CEO of the company John Myers says that it is achievement of comp any and its subsidiary to experience such a huge increment in revenues.
WindPower Innovations, Inc., conducts the business of refurbishment, remanufacture, improvement, and resale of wind power turbines. The company operates mainly through its subsidiary, WindPower Solutions, Inc. The company purchases decommissioned turbines, towers, blades, and spare parts, and rebuilds them. The company resells these products locally and internationally.
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