Solar Integrated Roofing, Inc. Announces Record Month with $2 Million USD in Revenues
Poway, California--(Newsfile Corp. - September 9, 2020) - Solar Integrated Roofing Corporation (OTC PINK: SIRC), a leading integrated solar installation company, is pleased to announce a record-setting $2 Million USD in revenue for the month of August. SIRC recorded these revenues at a 20% net profit, resulting in over $400,000 USD. Additionally, SIRC anticipates the 2nd quarter of the fiscal year 2020 will be the best quarter in the Company's history with revenue expected to be $5 Million.
To combat the continued concerns surrounding Covid-19, the Company has switched primarily to a virtual sales model allowing potential customers to meet with our salespeople online. This allows for rapid expansion while keeping the sales team based in San Diego. As the Company continues to grow at an accelerated pace in the South Western United States, with expansion into the highly lucrative markets of Phoenix and Albuquerque, the sales team will continue to acquire new customers and strengthen the Company's core business. This will free up additional assets to seek out new acquisitions, which combined with current acquisition deals, will positively impact the parameters of the financials.
Dave Massey, CEO of Solar Integrated Roofing, Stated "We're extremely excited to share these revenue numbers with our shareholders. It's really been an amazing quarter here and August figures are very strong. We are in a powerful position and our expansion plans are going better than anticipated with all parties working diligently to finalize these deals. As we integrate the sales personnel from our previous acquisitions into our virtual sales team, we are saving tremendously on the costs associated with a standard salesforce model. This is yet another step we are taking to add a significant amount of revenue with very little additional costs. This will be a banner year for Solar Integrated Roofing and we anticipate solid growth throughout the remainder of 2020 and beyond."
About Solar Integrated Roofing Corporation:
Solar Integrated Roofing Corporation 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. The Company is focused on becoming a nationwide leader in green energy by employing an effective strategy for solar and roofing needs by making it cost-effective and energy-efficient. 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 the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
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