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Surna (SRNA) Management on Q2 2015 Results - Earnings Call Transcript

Surna Inc. (OTCQB:SRNA) Q2 2015 Earnings Conference Call August 19, 2015 4:45 PM ET

Katie O’Block - VP of Marketing

Good afternoon everyone. I hope everyone is well. Welcome to the Surna Earnings Conference Call.

At this time all participants are in a listen-only mode. Later we will be answering questions previously submitted to us via email, as well as taking some real time questions via Twitter. So if you have any, feel free to reach out. This is call is being recorded, just so you’ll aware. The transcription and the audio recording of this call will be placed on our website on the investor Relations page within the week after this call. So if you like to go back and listen, feel free to do that as well.

To kickoff the call I’d now like to introduce your host for today’s call, David Traylor Surna’s Chief Business Officer. David.

David Traylor - Chief Business Officer

Thanks Katie. The Surna team would like to thank you for taking the time to join our conference call today. On the call with me are Stephen Keen, Co-Founder and Vice President of Research and Development; Tae Darnell, Interim Principle Executive Officer; Dough McKinnon, Chief Financial Officer; and Bryon Jorgenson, our Chief Operating Officer.

We will begin with approximately 30 minutes of prepared remarks followed by questions and answers. We will be answering questions submitted to us prior to the call via email as well as questions submitted to us real time via Twitter directed towards @surnainc or surnainc or marked with a #SurnaConfCall. To reiterate, the transcript of the call will be provided on our website for reference within the week.

So let’s get into the forward looking statements. You can find these at the bottom of every Press Release. The statements in this interview may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions as they relate to the company or its management identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the company's business, based in part on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and probably will differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Surna's filings with the Securities and Exchange Commission.

In addition, such statements could be affected by risks and uncertainties related to Surna's product demand, market and customer acceptance of its equipment and other goods, ability to obtain financing to expand its operations, ability to attract qualified personnel, competition, pricing, and development difficulties, general industry and market conditions and growth rates, and general economic conditions.

Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events and/or circumstances after the date of this release or interview.

We also need to include a statement of Cannabis. With regard to Cannabis, the use, possession, cultivation and distribution of Cannabis is prohibited by Federal Law. This includes medical and recreational Cannabis, although certain states have legalized medical and recreational Cannabis. Companies and individuals involved in this sector are still at risk of being prosecuted by federal authorities.