Cleantech Podcast News: Solar Integrated Roofing (OTC: $SIRC) Talks about Acquisition and Uplisting
Phoenix – April 5, 2021 (Investorideas.com Newswire) Solar / EV Stock News from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. OTC: SIRCnews: The Stock Day Podcast welcomed Solar Integrated Roofing Corp, an integrated solar and roofing systems installation company specializing in commercial and residential properties in the Southern California market. The company’s CEO, David Massey, joined Stock Day presenter Everett Jolly.
Massey started the interview by discussing the background of the company and current projects. “We’re a residential roofing and solar energy company. Our focus is mainly on Southern California, but we’ve expanded to the East Coast and we also have a number of businesses in the Southeast,” said Massey. “We’ve also expanded into the electric vehicle charging network sector, and we recently bought an electric car charging business and there are a few 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 energy solutions in South Carolina. “We are excited on several fronts,” said Massey. “The Cornerstone Construction core team is top-notch, led by Hunter Ballew, an industry leader,” he continued. “We are excited about the expansion to the southeast,” added Massey. “We are also excited about the revenues. Cornerstone Construction made nearly $ 3 million in the first quarter, and they typically generate 10% of their revenues during the first quarter,” he explains. “They are headed for an explosive year and we are very pleased to have them on board with SIRC.”
“When will that income fall on your balance sheet?” Asked Jolly. “Our 2022 fiscal year began March 1, so all of 2022 will have Cornerstone Construction revenues.”
Jolly noted that the Company recently completed the audit process and filed their Form 10. “What does that mean for shareholders and when will we see an uplist at the OTCQB?” Asked Jolly. “There is a 60-day waiting period with the SEC as they go through the paperwork and process, and they will also have to check Cornerstone Construction as part of the process,” explains Massey. “It means that we will go to the OTCQB very shortly after that period and that we will be a fully reporting company.”
The conversation then turned to expanding the company into the EV charging industry. “We are delighted to be in that market. We recently acquired a company called PLEMco in Southern California,” said Massey. “I think it’s going to be an explosive growth area for us, and we’re also looking at acquiring several other electric charging companies around the country,” said Massey.
“In the next two to three-quarters, do you expect challenges that you will have to overcome?” Asked Jolly. Massey explained that the company is currently making announcements about upcoming acquisitions while their Form 10 is being processed by the SEC. “When that quiet period is over, we’ll be making a significant number of announcements about some of the acquisitions we’re making, and we’ll have a tremendous amount of growth this year.”
“After the company signs up with the OTCQB, what are your plans to move forward?” Asked Jolly. “We’re really hoping to be on NASDAQ this year, and we’re now working with our attorney to get those pieces in place,” Massey said. “We’re eligible to go to the NASDAQ in every aspect, except our stock price. However, I think with the acquisitions we’re making and the earnings we’re going to report, I think our stock price could get there.”
To conclude the interview, Massey announced that the company will continue to grow and expand and aims to become profitable over a large volume of sales by 2022.
Follow the link to the podcast here to hear David Massey’s full interview:
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC: SIRC), is an integrated solar and roofing systems installation company specializing in commercial and residential properties in the Southern California market. The company’s wide range of solutions includes sales and installation from solar power systems, backup batteries and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contractor work. For more information, visit the company’s website at www.solarintegratedroofing.com
Any statements in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995, with respect to possible developments affecting the business, prospects, financial condition and other aspects of the business to which this press release relates. The actual results of the specific items described in this press release, and the company’s operations in general, could differ materially from what is projected in such forward-looking statements. While such statements are based on the best judgment of the Company’s management as of the date of this press release, significant variations in magnitude, timing and other factors may result from business risks and uncertainties, including, but not limited to, the of the business of third parties, general market and economic conditions, technical factors, the availability of external capital, the receipt of income and other factors, many of which are beyond the control of the business. The company disclaims any obligation to update the information in any forward-looking statement. This press release should not be construed as a general invitation.
Investor Relations Contact:
Lucas A. Zimmerman
Senior Vice President
MZ North America
Main number: 949-259-4987
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