Solar Integrated Roofing, Inc. Projected to Report Annual Revenues of $20 Million
August 04 2020 - 8:30AM
InvestorsHub NewsWire
Solar
Integrated Roofing, Inc. Projected to Report Annual Revenues of
$20 Million
POWAY,
CA -- August 4, 2020 -- InvestorsHub NewsWire -- Solar Integrated
Roofing Corporation (OTC
PINK:
SIRC) ("SIRC") ("The
Company"), a
leading
integrated solar and roofing installation company based in Southern
California is pleased to announce today that revenue projections
are on pace for $20 Million for the fiscal year-end
2020. The
Company reported at $3 Million in the first-quarter
(Q1) of
2020, which is traditionally the slowest season for the Solar
Energy sector. SIRC is projecting the second-quarter (Q2) revenue
at an estimated $5 Million with $5 Million in sales that are
backlogged and
projected to be fulfilled by the Company in Q3 of
2020.
Dave
Massey, CEO of SIRC, commented, "The company has experienced strong
growth during the past 6 months and we expect this trend to
continue as we cross-market to sell our Solar/Roofing solutions and
generate new business, while also continuing to seek out new
acquisition targets that we feel would mesh well with our business
model. We have achieved several important milestones since the
beginning of the year. These include:
•
Bringing all filings up
to date and having the Caveat Emptor designation
removed.
•
Closing the Acquisition
of Milholland Electric and appointing Brian Milholland as
our
President.
•
The appointment of
Angela Smoley as Chief Financial Officer of
SIRC.
Dave
Massey continued "We are extremely optimistic about executing our
growth strategy. Overall, the sector is strong and the demand for
solar is growing exponentially. Recent developments at the
legislative level continue to be a positive influence for the Solar
Energy sector. A catalyst driving the industry is the recent
mandate issued by the State of California that all new home
construction be equipped with solar energy capabilities. We expect
that this State mandate will be a positive impact to our business
in 2020 and beyond."
About Solar Integrated Roofing Corporation:
Solar
Integrated Roofing Corporation is an integrated solar and roofing
installation company specializing in commercial and residential
properties. 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 the information contained in any forward-looking statement.
This press release shall not be deemed a general
solicitation.
Contact
info:
SOLAR
INTEGRATED ROOFING CORPORATION
1475 N.
Cuyamaca St. El Cajon, CA 92020
www.solarintegratedroofingcorp.com
Phone:
(858) 437 5330
dmassey@sircfamily.com
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