Clean
Energy News: Solar Integrated Roofing Corporation (OTC: $SIRC) Signs Definitive
Agreement to Acquire 40 Year-Old San Diego Roofing Company with $5 Million in
Revenues
POWAY,
CA - August 28, 2019 (Investorideas.com Newswire and RenewableEnergyStocks.com) 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.
Read this in full
at https://www.investorideas.com/news/2019/renewable-energy/08281OTCSIRC-AcquireRoofingCompany.asp
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:
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
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Contact:
Marlena LeBrun
760-566-9116
marlenalebrun@gmail.com
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twitter.com/SIRCStock
linkedin.com/company/sirc-stock
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