SIRC To Retire 500,000,000 Shares /
NASDAQ Interview Goes Live Wednesday
POWAY, CA -- August 13, 2019 -- InvestorsHub NewsWire -- Solar
Integrated Roofing Corporation (OTCPINK:
SIRC) (the "Company") is pleased to announce that the total
Authorized number of shares is being reduced from the current
750,000,000 to 250,000,000. A retirement of 500,000,000 shares.
David Massey, President and CEO of SIRC commented on the share
reduction. "The Company wishes to make it clear that we are
committed to ensuring public & private investors that not only
are we not increasing the number of Authorized shares, but we are
actually reducing number of Authorized shares by
500,000,000. Leaving 250,000,000 as total Authorized. Not bad
considering our acquisition strategy and the fact that similar
publicly-traded companies our size, commonly increase
number of shares Authorized when growth opportunities present
themselves. This results in share dilution for the investor." The
current share count as of today for SIRC is as follows; Authorized
750,000,000, Outstanding 96,140,504, Restricted 75,272,924, and
20,867,580 is in public float.
The previously announced August 7th NASDAQ interview
featuring SIRC with David Massey, will go live tomorrow, Wednesday,
August 14th. Mr. Massey highlighted the burgeoning solar
market across Southern California and the opportunities that exist
in the areas of Multi-Family, Commercial, and the Marijuana
markets. Mr. Massey also touches on the Company's acquisition(s)
progression and how that plays into the aforementioned markets of
opportunity. Massey added, "Our future is bright as we progress
with our business plan, and once the parts all come together, our
expansion efforts will be limitless."
About SIRC
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:
www.solarintegratedroofingcorp.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 information contained in
any forward-looking statement. This press release shall not be
deemed a general solicitation.
Investor Inquiries:
Marlena LeBrun
760-566-9116