November 06, 2018 (ACCESSWIRE via COMTEX) — POWAY, CA / ACCESSWIRE / November 6, 2018 / Solar Integrated Roofing Corporation SIRC, -7.34% CEO David Massey said they were in the final stages to close their large media acquisition. ”Two of our Board Members are retiring a combined 50 million shares of stock,” said Massey. ”We are preparing the cap table and Board for the new members as the closing of this deal is now imminent. Final documents are expected to be executed in the coming days. This acquisition is key to our growth, it’s a great coupling of two rapidly growing companies. Their growth has been off the charts, with continued growth next year expected at 50% or better. Current revenues are just under $15 million.”
Massey added that the acquisition target’s record year and tremendous growth path caused the deal to be renegotiated multiple times, thereby the delays in closing. ”This is the first step to a number of pending company developments which will culminate between now and Q1 of 2019. Our goal is to have all of the acquisitions signed and audited and to uplist the stock to the OTCQX exchange. We’re welcoming a great team and prestigious new members to our Board. If all goes according to plan, we will be a fully reporting company with $40 million in revenues.”
David Massey and Marlena Lebrun will be appearing on MoneyTV with Donald Baillargeon this week to recap 2018 and look forward to Q1 2019.
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:
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