CES Synergies Reports 2015 Financial Results and Provides Business Update

CRYSTAL SPRINGS, FL--(Marketwired - March 30, 2016) - CES Synergies, Inc. (OTC PINK: CESX) ("CES" or the "Company"), a full service environmental, asbestos abatement and demolition company, today announced financial results for the year ending December 31, 2015 and provided a general business update.

John Tostanoski, CEO of CES Synergies, commented, "Falling short of the targeted levels for the year as a whole, both revenue and profitability showed considerable, positive movement in the fourth quarter of 2015, and revenue for the company exceeded $18 million for 2015. The Company's renewed focus on profitability in the fourth quarter, coupled with some large contract wins, resulted in a 17% increase in overall revenue in comparison to the third quarter. In addition, gross margins increased dramatically to 30% in the fourth quarter, versus previous periods with margins below 15%.

"Based on the positive gross and net margins seen in the fourth quarter of 2015 and the beginning of 2016, together with the company's reduced fixed cost structure, we are very encouraged about the company's position going forward. In addition to an organizational emphasis on profitability, the gross profit margin has benefited from the estimating/project management system implement during the 3^rd quarter of 2015; we expect our margins to continue to improve with its use. With the increased gross profit margin being driven internally, rather than by the market, we expect them to be sustainable.

"As previously stated, the 38 contracts secured in the third quarter of 2015, valued at $1.4 million, did commence in the fourth quarter of 2015, and helped the company realize over 8% EBITA on almost $5.5 million for the quarter. At the end of 2015, we had a backlog of demolition contracts valued at $3.96 million, and are currently carrying a $4.75 million backlog in progress. The company was recently awarded a term contract by a Florida DOT district comprising 12 counties, which we believe will continue to expand our revenues moving forward.

"With the strength of our current markets and a leaner, more focused CES, excellent prospects exist for continued profitability. We are excited for 2016 to fully demonstrate the net result of the improvements that have been made."

2015 Year End Financial Results

Revenue for the year ended December 31, 2015 decreased 10% to $18.728 million versus $20.900 million for the year ended December 31, 2014. The decrease in revenue was consistent for both remediation (down 10%) and demolition (down 11%) segments. The remediation segment sales decreased in 2015, primarily because of lower revenues in Florida and with the completion of the DTE Power Plant in Michigan. The decrease in the demolition revenues for the same period was primarily attributable to the near completion of the larger St. Bernard Parish projects in Louisiana, and the completion of two major projects in Florida.

About CES Synergies Inc.

CES Synergies, Inc., through its subsidiary, Cross Environmental Services, Inc., is a specialty environmental services company providing quality environmental contracting solutions, demolition and remediation services to commercial and industrial customers, as well as federal, state and municipal entities. More information may be found at the Company's website: www.crossenv.com.

SAFE HARBOR STATEMENT: This press release may contain "forward-looking statements" that are made pursuant to the "safe harbor" provisions as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," and similar expressions. These statements are based upon management's current expectations as of the date of this press release. Such forward-looking statements may include statements regarding the Company's future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses and other future or expected performances. The Company cautions readers there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those indicated in the forward-looking statements. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the SEC.

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CES SYNERGIES, INC.
CONSOLIDATED BALANCE SHEET
				December 31, 2015				December 31, 2014
ASSETS
Current assets
	Cash			$	229,882			$	149,455
	Advances to employees				13,770				14,006
	Contracts receivable (net of allow. for bad debt)				4,599,131				6,365,274
	Inventory				133,715				152,772
	Deferred tax asset- current				86,098				-
	Cost and estimated earnings in excess of billings on uncompleted contracts				690,553				229,437
		Total current assets		$	5,753,149			$	6,910,944
Property and equipment, net					1,998,158				2,117,217
Goodwill					1,446,855				1,446,855
Deferred tax asset- non-current					632,882				-
Other assets					4,731				6,531
TOTAL ASSETS				$	9,835,775			$	10,481,547
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
	Accounts payable			$	2,911,780			$	2,570,259
	Accrued payroll				47,819				82,391
	Billings in excess of costs and estimated earnings on uncompleted contracts				301,398				598,645
	Notes payable				1,750,300				1,750,300
	Current portion long-term debt
	Related party				-				-
	Non-related party				457,950				595,757
		Total current liabilities			5,469,247				5,597,352
Long-term debt, net of current portion
	Related party				3,419,098				2,808,605
	Non-related party				446,066				528,561
		Total long-term liabilities			3,865,164				3,337,166
Stockholders' equity
	Common stock, authorized: $0.001 par value, 250,000,000 shares, at December 31, 2015; issued: 46,880,500 shares, at December 31, 2015; 46,730,500 shares, at December 31, 2014				46,881				46,730
	Additional paid in capital				1,299,018				1,281,048
	Retained earnings				(844,535	)			219,251
		Total stockholders' equity			501,364				1,547,029
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY				$	9,835,775			$	10,481,547

CONSOLIDATED STATEMENT OF OPERATIONS
			Years ended December 31,
			2015				2014
Revenues			$	18,728,148			$	20,846,119
Cost of sales				15,167,887				16,142,507
	Gross profit			3,560,261				4,703,612
General & administrative expenses				5,152,941				5,020,556
	Net operating profit/ (loss)			(1,592,680	)			(316,944	)
Other expenses, net				(190,086	)			(104,728	)
	Net profit/(loss) before income taxes		$	(1,782,766	)		$	(421,672	)
Income taxes				718,980				(81,339	)
	Net profit/(loss) after income taxes		$	(1,063,786	)			(503,011	)
Earnings per share
	Basic and diluted		$	(0.023	)		$	(0.011	)
Shares used in computing earnings per share
	Basic and diluted			46,843,514				46,730,500
Cash distributions declared per common share			$	-			$	-