$SIRC $20M acquisition news sparks market, up 40%:
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Posted On: 07/24/2019 1:34:16 PM
$SIRC $20M acquisition news sparks market, up 40%:
https://finance.yahoo.com/news/sirc-provides-...00995.html
SIRC Provides Mid-Year Corporate Update
ACCESSWIRE ACCESSWIREJuly 24, 2019
POWAY, CA / ACCESSWIRE / July 24, 2019 / Solar Integrated Roofing Corporation (OTC PINK: SIRC) (the "Company”) is pleased to take this opportunity to provide a mid-year corporate update.
The Company is currently forming a new subsidiary. The Company has put together a very experienced staff and has picked up some pieces from a large marketing company. The Company already has established clients. These clients are already some of the largest in the Solar space. They can handle all the leads we can produce. The Company anticipates approximately $1 million a month in revenue with a 53% cost of sale. As SIRC closes current acquisitions and we expand our marketing into Roofing, Home Improvement, and Solar with sister companies, both revenue streams will grow at a very impressive rate.
Commenting on the Company's efforts, SIRC President & CEO David Massey stated "The Company has been diligently building the business and enhancing its merger and acquisition (M & A) strategy. This Summer has proven to be very good in terms of sales, the Company's operational strategy, and M & A efforts. We are closing three acquisitions over the next 60 days. Both sides are anxious and ready to move forward. The combined revenue for the three deals is close to $20 million this calendar year. I wish to emphasize that these companies are well managed, well-staffed, and very established profitable companies. As we include them in with our new marketing company and existing business, we will all work together as a home improvement marketing firm with more qualified potential clients. Our growth rate will be very impressive. Shareholders should be encouraged with our progress now and going forward into the Fall. We're in a very good place".
About SIRC
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.
https://finance.yahoo.com/news/sirc-provides-...00995.html
SIRC Provides Mid-Year Corporate Update
ACCESSWIRE ACCESSWIREJuly 24, 2019
POWAY, CA / ACCESSWIRE / July 24, 2019 / Solar Integrated Roofing Corporation (OTC PINK: SIRC) (the "Company”) is pleased to take this opportunity to provide a mid-year corporate update.
The Company is currently forming a new subsidiary. The Company has put together a very experienced staff and has picked up some pieces from a large marketing company. The Company already has established clients. These clients are already some of the largest in the Solar space. They can handle all the leads we can produce. The Company anticipates approximately $1 million a month in revenue with a 53% cost of sale. As SIRC closes current acquisitions and we expand our marketing into Roofing, Home Improvement, and Solar with sister companies, both revenue streams will grow at a very impressive rate.
Commenting on the Company's efforts, SIRC President & CEO David Massey stated "The Company has been diligently building the business and enhancing its merger and acquisition (M & A) strategy. This Summer has proven to be very good in terms of sales, the Company's operational strategy, and M & A efforts. We are closing three acquisitions over the next 60 days. Both sides are anxious and ready to move forward. The combined revenue for the three deals is close to $20 million this calendar year. I wish to emphasize that these companies are well managed, well-staffed, and very established profitable companies. As we include them in with our new marketing company and existing business, we will all work together as a home improvement marketing firm with more qualified potential clients. Our growth rate will be very impressive. Shareholders should be encouraged with our progress now and going forward into the Fall. We're in a very good place".
About SIRC
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.
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