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| SIRC Signs Definitive Agreement on Lucrative Acquisition |
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 Hot Stock to Watch |
Company: Solar Integrated Roofing Corporation (Pink Sheets: SIRC)
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Last:
Price: 0.0592
Change (%): - 0.0008 (1.33)
Volume: 10,000 |
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Solar Integrated Roofing Corporation Signs Definitive Acquisition Agreement; Extends Audit to Fiscal Year-End
POWAY, CA / ACCESSWIRE / March 21, 2019 / Solar Integrated Roofing Corporation (OTC PINK: SIRC) CEO David Massey announced the company has signed a definitive agreement to acquire one of South Orange County, California’s most established re-roofing companies, Montross Roofing and Construction, which has been in business for more than 19 years.
”This deal is a perfect fit for us and the process was very smooth”, said Massey. ”Specializing in small commercial and HOA projects, Montross’ management team has extensive experience putting systems in place to maximize profits and productivity. Having them joining our team will coordinate nicely with another pending acquisition we will soon be announcing. This is a win-win relationship for both parties. Montross is currently on track for $3 million in revenues, but by adding SIRC’s residential roofing and solar components and marketing, we believe we can increase that to $5 million or more.”
The company has also decided to extend their audit through the end of their fiscal year, 2/28/2019. ”The audit was taking longer than we anticipated”, added Massey. ”After conferring with our auditors, it made prudent and economic sense to extend them through the end of the fiscal year. Our acquisitions and goals will not be impacted by this decision. We’re moving forward with everything as planned and announced.”
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