Solar Integrated Roofing Corporation Signs Definitive Agreement to Acquire 40 Year-Old San Diego Roofing Company
August 27 2019 - 7:05AM
InvestorsHub NewsWire
Solar Integrated Roofing Corporation
Signs Definitive Agreement to Acquire 40 Year-Old San Diego Roofing
Company with $5 Million In Revenues.
POWAY, CA --
August 27, 2019 -- InvestorsHub NewsWire -- Solar
Integrated Roofing Corporation (OTC
PINK: SIRC) today announced that the company has
signed a definitive agreement to acquire one of the most
established roofing companies in San
Diego.
David Massey,
CEO of Integrated Solar, commented, “This acquisition will provide
a strong foundation to our strategy to “roll-up” solar/roofing
companies in the Southern California market. In addition to the $5
million per year revenue stream, the company has a valuable
database of present and past clients to whom we can cross-market
our solar solutions.
Massey went on
to say, “the demand for electrical usage in Southern Cal has put a
huge stress on the electrical grid. We are providing a solution to
those electrical needs to our customers through our affordable
solar solutions.”
Finally, Massey estimates that, “by
cross-selling our solar solutions to the newly announced
acquisitions, SIRC will see a revenue increase of 15%-20% per
quarter. Our previously announced LOI’s are still scheduled to
close in September."
About Solar
Integrated Roofing
Corporation
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 the information
contained in any forward-looking statement. This press release
shall not be deemed a general
solicitation.
Contact:
Marlena
LeBrun
760-566-9116
marlenalebrun@gmail.com
https://www.facebook.com/secureroofingandsolar/
https://www.linkedin.com/company/sirc-stock/about/
Donald A. Baillargeon
(949) 388 5267 office
(888) 259 4449 toll-free
(213) 248 5066 cell
don@donaldbaillargeon.com
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