#Solar #Stock Breaking News - Solar
Integrated Roofing Corporation (OTC: $SIRC) Signs Definitive Agreement to
Acquire 40 Year-Old San Diego Roofing Company with $5 Million in Revenues
August 27, 2019 - POWAY, CA - (Investorideas.com Newswire and RenewableEnergyStocks.com) Solar Integrated Roofing Corporation (OTC PINK: SIRC) today announced that the
company has signed a definitive agreement to acquire one of the most
established roofing companies in San Diego.
Read this
in full at https://www.investorideas.com/news/2019/renewable-energy/08271OTCSIRC-Solar.asp
David Massey, CEO of Integrated Solar,
commented, “This acquisition will provide a strong foundation to our strategy
to “roll-up” solar/roofing companies in the Southern California market. In
addition to the $5 million per year revenue stream, the company has a valuable
database of present and past clients to whom we can cross-market our solar
solutions.
Massey went on to say, “the demand for
electrical usage in Southern Cal has put a huge stress on the electrical grid.
We are providing a solution to those electrical needs to our customers through
our affordable solar solutions.”
Finally, Massey estimates that, “by
cross-selling our solar solutions to the newly announced acquisitions, SIRC
will see a revenue increase of 15%-20% per quarter. Our previously announced
LOI’s are still scheduled to close in September."
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation (SIRC) is an
integrated solar and roofing installation company specializing in commercial
and residential properties with a focus on acquisitions of like companies to
build a footprint nationally. For more information, please visit:
Forward-Looking Statements:
Any statements made in this press release which are not
historical facts contain certain forward-looking statements; as such term is
defined in the Private Security Litigation Reform Act of 1995, concerning
potential developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains. The actual
results of the specific items described in this release, and the company's
operations generally, may differ materially from what is projected in such
forward-looking statements. Although such statements are based upon the best
judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company's dependence
on third parties, general market and economic conditions, technical factors,
the availability of outside capital, receipt of revenues and other factors, many
of which are beyond the control of the company. The company disclaims any
obligation to update information contained in any forward-looking statement.
This press release shall not be deemed a general solicitation.
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Contact:
Marlena LeBrun
760-566-9116
marlenalebrun@gmail.com
facebook.com/SolarIntegratedRoofingCorporation
instagram.com/Solar_Integrated_Roofing_Corp
twitter.com/SIRCStock
linkedin.com/company/sirc-stock
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