Social Detention Inc. (SODE) subsidiaries are Apparent Low Bidder on $1.1M of Proposals, CA Fire Market and Share Retirement
December 18 2018 - 8:30AM
InvestorsHub NewsWire
Social
Detention Inc. (SODE) subsidiaries are Apparent Low Bidder on $1.1M
of Proposals, CA Fire Market and Share Retirement
Alamo, CA --
December 18, 2018 -- InvestorsHub NewsWire -- Social
Detention Inc. SODE,
recently announced that its subsidiaries are the apparent low
bidder on $1.1m of infrastructure and security proposals.
These projects are for public agencies in California and we except
potential awards in December 2018/January 2019. The projects
consist of a county jail, public works building, multiple school
locations and a public safety building.
The year of 2018 was
a strong year for the Social Detention Inc. and our
subsidiaries. We were awarded approximately $3m in contracts
with a projected profit of over $800k. We made our projected
margin on all projects and have earned several customers we can
utilize for references on future work. Our pipeline of future
work is abundant and margins are increasing. In addition, a
few of the key driver’s for 2019 and
beyond:
- CA Senate Bill
1, $54 Billion for Infrastructure
- BART Infrastructure
Bill, $3 Billion
- Proposed Federal
Infrastructure Plan $1.5 Trillion
- CA Fire Cleanup and
Reconstruction $5 Billion Plus
In 2018 our main
growth was thru the Infrastructure and Security market. In
2019 we will utilize our earned financial resources to capitalize
in other areas that fit our skill set such
as:
- Security Structures,
Perimeter Security and Infrastructure for cannabis grow operations
and dispensaries. We have formed several partnerships that
will be disclosed in early 2019.
- Blockchain and Cloud
Construction applications for our large Public Customers. Our
driving force is the hard side of construction and by partnering
and developing soft side solutions for Public Customers we can
reduce costs and save time on projects which ultimately drives our
margins higher.
- Acquiring companies,
with earned equity, that will drive our growth profitably. We
are in negotiations, on a daily basis with several companies
currently.
Lastly, the company
has identified and compiled 50,000,000 common shares that we intend
to retire upon receiving Board Approval. We look forward to sharing
more details as we continue on our journey to become a billion
dollar company.
For more information
about Social Detention Inc. visit www.sodetention.com.
FORWARD LOOKING
STATEMENTS
Except for historical information, this news release contains
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve unknown risks, and
uncertainties that may cause the Company's actual results or
outcomes to be materially different from those anticipated and
discussed herein. Important factors that might cause such
differences are discussed in the Company's filings with the
Securities and Exchange Commission. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Actual results could differ materially from those
anticipated in these forward-looking statements, if new information
becomes available in the future.
Source: Social Detention, Inc.
Contact: blegg@sodetention.com
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