Solar Integrated Roofing Corporation Closes McKay Roofing Acquisition
12 September 2019 - 7:30PM
InvestorsHub NewsWire
Solar Integrated
Roofing Corporation Closes McKay Roofing
Acquisition
Company Adds More Than $5 Million in Revenues to
Top Line
POWAY, CA --
September 12, 2019 -- InvestorsHub NewsWire -- Solar
Integrated Roofing Corporation (OTC PINK:
SIRC) announced today that the company has
completed the acquisition of McKay Roofing, a 40-year-old San Diego
roofing company, with revenues of more than $5 million per
annum.
David Massey, CEO of
Solar Integrated, commented, “This is a very strategic acquisition
for the company. McKay has a great legacy in the Southern
California market. In addition to generating more than $5 million
in revenues, McKay continues to proficiently manage their costs by
generating 40% gross margins.”
Finally, Massey
commented, “This acquisition brings with it a database of more than
30,000 clients which SIRC intends to cross-sell its solar
solutions. We expect that this will increase SIRC’s revenues by
15%-25% per month.”
It is the Company’s
intention to complete its audit in the very near future and begin
the process of uplisting its shares to the QB or QX
exchanges.
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
Forward-Looking
Statements:
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.
Contact:
Marlena
LeBrun
760-566-9116
marlenalebrun@gmail.com
facebook.com/SolarIntegratedRoofingCorporation
instagram.com/Solar_Integrated_Roofing_Corp
twitter.com/SIRCStock
linkedin.com/company/sirc-stock
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