#Cleantech #Podcast news - Solar Integrated Roofing (OTC: $SIRC)
Talks about Acquisition and Uplisting; @SIRCStock
Phoenix,
AZ, April 5, 2021 - Solar/EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com - Solar Integrated Roofing Corp. (OTC: SIRC) news: The Stock Day
Podcast welcomed Solar Integrated Roofing Corp, an
integrated, single-source solar power and roofing systems installation company
specializing in commercial and residential properties in the Southern
California market. CEO of the Company, David Massey, joined Stock Day host
Everett Jolly.
Read this news,
featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/04051Solar-Integrated-Roofing-Acquisition.asp
Massey
began the interview by elaborating on the Company’s background and current
projects. “We’re a residential roofing and solar company. We are mainly focused
in Southern California, but we’ve expanded over to the East Coast and we have
some Southeast companies as well,” shared Massey. “We have also expanded into
the EV charging network sector, and we’ve recently acquired an EV charging
company and have a couple more on the radar that we’re looking at.”
Jolly
then asked about the Company’s acquisition of Cornerstone Construction, a
leading provider of roofing and solar solutions in South Carolina. “We’re
excited on several fronts,” said Massey. “The core team of Cornerstone
Construction is top-notch; they’re led by Hunter Ballew, a leader in the
industry,” he continued. “We’re excited for the expansion into the Southeast,”
added Massey. “We’re also excited about the revenues. Cornerstone Construction
did almost $3 million their first quarter, and they typically generate 10% of
their revenue during the first quarter,” he explained. “They’re going to have
an explosive year, and we’re really excited to have them onboard with SIRC.”
“When
will those revenues start falling on your balance sheet?”, asked Jolly. “Our
fiscal year for 2022 started March 1st, so all of 2022 will have the revenues
from Cornerstone Construction.”
Jolly
noted that the Company recently completed the auditing process and submitted
their Form 10. “What does that mean for shareholders and when will we see an
uplisting to the OTCQB?”, asked Jolly. “There is a sixty day waiting period
with the SEC as they go through paperwork and the process, and they will also
have to audit Cornerstone Construction as part of the process,” explained
Massey. “It means that very shortly after that period of time we’re going to
uplist to the OTCQB and we will be a fully reporting company.”
The
conversation then turned to the Company’s expansion into the EV charging
industry. “We’re excited to be in that market. We recently acquired a company
called PLEMco, which is in Southern California,” shared Massey. “I think it’s
going to be an explosive growth area for us, and we’re also looking at several
other EV charging companies nationwide to acquire,” said Massey.
“Do
you expect any challenges in the next two to three quarters that you will have
to overcome?”, asked Jolly. Massey explained that the Company is currently
holding announcements regarding upcoming acquisitions while their Form 10 is
being processed by the SEC. “Once that quiet period is over we’re going to have
a substantial amount of announcements to make about some acquisitions that
we’re doing and we’re going to have a huge amount of growth this year.”
“After
the company uplists to the OTCQB, what are your plans moving forward?”, asked
Jolly. “We really hope to be on the NASDAQ this year, and we’re working with
our attorney now to get those pieces into place,” said Massey. “We qualify in
every aspect for going to the NASDAQ, other than our stock price. However, I
think with the acquisitions that we’re doing and the revenue that we will be
reporting, I think our stock price could get there.”
To
close the interview, Massey shared that the Company will continue to grow and
expand, and is focused on becoming profitable over a large volume of revenue in
2022.
To hear David Massey’s entire interview, follow the link
to the podcast here:
https://www.dropbox.com/s/8hzfw6dgljjc0wi/3_30_21_SIRC.mp3?dl=0
Investors Hangout is a proud sponsor of “Stock Day,” and
Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/
About Solar
Integrated Roofing Corp.
Solar
Integrated Roofing Corporation (OTC:SIRC), is an integrated, single-source
solar power and roofing systems installation company specializing in commercial
and residential properties in the Southern California market. The Company's
broad array of solutions include sales and installation of solar energy
systems, battery backup and electric vehicle (EV) charging stations to roofing,
HVAC and related electrical contracting work. For more information, please
visit the Company's website at www.solarintegratedroofing.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.
Investor Relations
Contact:
Lucas
A. Zimmerman
Senior
Vice President
MZ
North America
Main:
949-259-4987
SIRC@mzgroup.us
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