#Solar #Stock News - Solar Integrated Roofing (OTC:
$SIRC) Expands
Nationwide with Binding LOI to Acquire Cornerstone #Construction, a Leading
Southeast Roofing and Solar Solutions Provider; @SIRCStock
Company Expands Nationwide with Binding
LOI to Acquire of Prominent South Carolina Roofing and Solar Installer
EL CAJON, CA - February 18, 2021 Breaking Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power and roofing systems installation company, today announced the Company has signed a binding letter of intent (LOI) for the acquisition of
Cornerstone Construction, a leading provider of roofing and solar
solutions in South Carolina.
Read this news, featuring SIRC in full at
https://www.investorideas.com/news/2021/renewable-energy/02181SIRC-Cornerstone-Construction.asp
Cornerstone
Construction, a licensed roofing contractor, has served thousands of clients
and gained hundreds of 5 Star Reviews throughout the southeastern United States
since 2017 with quality solutions for residential and commercial roofing and
solar projects. Roofing services include expert inspection, installation,
repair, and replacement services as well as gutters, windows, siding and
decking. The company designs and installs traditional solar and solar shingle
arrays that integrate seamlessly into new and existing roofing systems.
“This represents
the first step in our company’s transition into a nationwide roofing and solar
solutions provider,” said David Massey, Chief Executive Officer of Solar
Integrated Roofing Corporation. “Throughout 2020, Cornerstone moved
strategically into new markets including Charlotte NC, Charleston SC, Little
Rock AR, Tulsa, OK and Foley AL. The company completed over 1,000 installs of
roofing and solar in 2020, generating over $15 million in sales with robust
projected growth.
“Cornerstone is a
well-known industry thought leader as its Founder, Hunter Ballew, created a
movement in the roofing and solar industry that helps tens of thousands of
roofers & solar providers across the country every year through retreats, a
mastermind and an annual conference, RoofCON. Hunter and the Cornerstone team
have been featured on dozens of shows, podcasts and speaking engagements
including Forbes, Entrepreneur.com, TODAY, Business Insider and many more. This
is an exciting presence that we believe will help grow our acquisition pipeline
nationally, helping to create value for our shareholders,” concluded Massey.
Hunter Ballew,
Founder and CEO of Cornerstone Construction, added, “The Cornerstone team will
bring our proprietary training program, Six Figure Blueprint, to the Solar
Integrated Roofing family, along with other proprietary systems to create
predictable growth while scaling quickly, improving efficiency, automating
processes and increasing margins. I look forward to working closely with David
and his team in the months to come.”
About Cornerstone Construction
Cornerstone
Construction, a licensed roofing contractor, has served over thousands clients
throughout South Carolina and neighboring states since 2017 with quality
solutions for residential and commercial roofing and solar. Roofing services
include expert inspection, installation, repair, and replacement services as
well as gutters, windows, siding and decking. The company designs and installs
traditional solar and solar shingles that integrate seamlessly into any new or
existing roofing system. For more information on Cornerstone Construction
please visit: https://cornerstoneconstruction.org.
About Solar Integrated Roofing Corp.
Solar Integrated
Roofing Corporation (OTC:SIRC), is an integrated, single-source solar power and
roofing systems installation company specializing in commercial and residential
properties in the Southern California market. The Company's broad array of
solutions include sales and installation of solar energy systems, battery
backup and electric vehicle (EV) charging stations to roofing, HVAC and related
electrical contracting work. For more information, please visit the Company's
website at www.solarintegratedroofing.com.
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 the information
contained in any forward-looking statement. This press release shall not be deemed
a general solicitation.
Investor Relations Contact:
Lucas A.
Zimmerman
Senior Vice President
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us
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