PHOENIX, March 4, 2022 /PRNewswire/ -- Alpine 4 Holdings,
Inc. (Nasdaq: ALPP), a leading operator and owner of small market
businesses, has announced that its subsidiary, Morris Sheet Metal
(MSM) of Indiana, has been awarded
several new projects totaling $4.6
million in the educational and healthcare facilities
space.
Tom Laubhan, President of Morris
Sheet Metal, had this to say, "We are eager to begin these new
projects as they serve to demonstrate how integral we are to the
Indiana and Midwest region. I
believe we were awarded these projects much in part on how we
handled the volatile market conditions of 2021, where unprecedented
inflation pushed the construction services market into a negative
margin position on many projects due to material costs on items
like steel, which rose to over 200%. While it is not easy to
absorb such material cost changes, MSM stood by its customers and
honored its contracts, completing prior work on time and on budget.
The integrity in which we have conducted ourselves as a company in
this difficult market, has led to our customers rewarding this team
with the quality projects we proudly build for our
community."
Kent Wilson, Alpine 4's CEO
commented, "With the volatility of 2021, it's confidence
inspiring to see some re-balancing in construction, culminating in
this newly awarded work. Morris Sheet Metal has garnered a stellar
reputation in the area, and we anticipate the flow of more work as
supply chain issues continue to ease."
About Morris Sheet Metal Corp: Morris Sheet Metal (MSM) was
established in 1992 and is a full-service HVAC Contractor offering
design, fabrication, and installation services in addition to
custom metal fabrication services. MSM is an active member of
SMACNA and the AFE Association for Facilities Engineers. MSM
currently falls under Alpine 4's DSF business model as a
Stabilizer.
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is
a NASDAQ traded conglomerate that acquires businesses that fit into
its disruptive DSF business model of Drivers, Stabilizers, and
Facilitators. At Alpine 4, we understand the nature of how
technology and innovation can accentuate a business. Our focus
is on how the adaptation of new technologies, even in
brick-and-mortar businesses, can drive innovation. We also
believe that our holdings should benefit synergistically from each
other, have the ability to collaborate across varying industries,
spawn new ideas, and create fertile ground for competitive
advantages.
Four principles at the core of our business are Synergy.
Innovation. Drive. Excellence. At Alpine 4, we believe
synergistic innovation drives excellence. By anchoring these
words to our combined experience and capabilities, we can
aggressively pursue opportunities within and across vertical
markets. We deliver solutions that not only drive industry
standards, but also increase value for our shareholders.
Contact: Investor Relations
investorrelations@alpine4.com
www.alpine4.com
Forward-Looking Statements: Certain statements and information
in this press release may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and the
Private Securities Litigation Reform Act of 1995. The
information disclosed in this press release is made as of the date
hereof and reflects Alpine 4 most current assessment of its
historical financial performance. Actual financial results filed
with the SEC may differ from those contained herein due to timing
delays between the date of this release and confirmation of final
audit results. These forward-looking statements are not
guarantees of future performance and are subject to uncertainties
and other factors that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including
the uncertainties surrounding the current market volatility, and
other factors the Company identifies from time to time in its
filings with the SEC. Although Alpine 4 believes that the
assumptions on which these forward-looking statements are based are
reasonable, any of those assumptions could prove to be inaccurate
and, as a result, the forward-looking statements based on those
assumptions also could be incorrect. You should not place undue
reliance on these forward-looking statements. The forward-looking
statements contained in this release are made as of the date
hereof, and Alpine 4 disclaims any intention or obligation to
update the forward-looking statements for subsequent events.
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SOURCE Alpine 4 Holdings, Inc.