November 25, 2019 – POWAY, CA.- Solar Integrated Roofing Corporation (OTCPINK: SIRC), 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, announced today that the company will hold its annual shareholder meeting on December 10th, 2019 at the corporate offices in Poway, CA. In addition, the company recaps its achievements for 2019 creating the momentum for success in 2020.
David Massey, CEO of SIRC, commented, “2019 has been a tremendous year of growth and accomplishment for SIRC. We have executed on our plan to make acquisitions, grow revenues and the bottom line, but more importantly, grow shareholder value. Thus far, we have closed four acquisitions, dramatically increasing revenues. We have completed our audit and are in the final stages of up listing our shares to the OTCQB exchange. Long term we expect to move to the NASDAQ Exchange.”
Milestone Acquisitions for SIRC include:
- Secure Roofing and Solar, $5 million in trailing annual revenues.
- McKay Roofing, $5 million in trailing annual revenues.
- Montross, $2.5 million in trailing annual revenues.
- Narrate, Inc., a marketing acquisition, expects to nearly double revenues every month as they continue to add sales agents, with a targeted revenue goal of $3 million monthly by Summer 2020.
Commenting further, Massey said, “Annualizing the revenue streams of the company and its acquisitions puts our February fiscal 2021 revenues at approximately $40 million. We will continue to make strategic acquisitions that are accretive to both our top and bottom lines along with increasing shareholder value. We expect to be able to announce another milestone to our plan next week after the holiday.”
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.