POWAY, Calif., Jan. 15, 2019 /PRNewswire/ -- Solar Integrated Roofing Corp (OTC: SIRC) "The Company" is pleased to provide investors with an update on the previously announced Southern California based Direct-Mail Company acquisition. It is the second acquisition planned for 2019. A term sheet has been agreed upon by both parties concerning the acquisition of the Direct-Mail Company, which had 2018 Revenues of $2,299,932 with a Net Profit margin of approximately 20%. "This is a perfect fit for us to grow our roofing and solar installations," commented SIRC CEO David Massey. He added, "Our marketing footprint will be the key to growth in the Southern California market. The more fresh new clients we can reach with the marketing company combined with acquisition growth is the key to our growth and success. We are still looking to close both acquisitions at the same time early first quarter, 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: www.solarintegratedroofingcorp.com
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 information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
SOURCE Solar Integrated Roofing Corp. (SIRC)