PRESS RELEASE
Released May 12, 2023
- Commercial and private provider of solar power, roof and charging systems for electric vehicles.
- Expansion of the finance department to support alternative energy suppliers.
- Expectation that the finance department will generate profits in the millions.
- Exclusive CEO interview released discussing strong commercial growth and a possible NASDAQ listing in 2023.
- Responded to ShareIntel for shareholder services agreement to combat illegal short selling to protect shareholder interests.
- Plans to acquire AVCO Roofing for roofing and solar solutions.
(OTC: SIRC), is an integrated full-service provider of solar power, rooftop and charging systems for electric vehicles specializing in commercial and residential properties throughout North America. SIRC serves communities by providing the best experience through constant innovation and heritage-focused leadership.
- SIRC is expanding its finance department to service all alternative energy suppliers
On February 21st SIRC announced that the company will expand its finance division and offer new offerings to service providers and customers in the alternative energy and roofing sectors.
this march, SIRC will expand its financial solutions to all residential solar, commercial solar, rooftop and electrical projects for contractors, internal and external customers across the country.
- Financial offerings that SIRC will provide include::
Solar financing solutions for private households with competitive terms and low dealer fees.
Residential PPA (Power Purchase Agreement) that allows homeowners with little, no or bad credit to qualify for solar power for their homes.
Commercial “No Credit” PPAs for nonprofits are required.
Financing of commercial alternative energy projects, some of which do not require own funds.
Stand-alone financing solutions for all roof and house efficiency projects.
Leasing and financing solutions for electric vehicles.
The growth of the financial services division complements SIRC’s extensive service offering and reflects the continued evolution of SIRC’s strategy to become one of the most dynamic alternative energy companies in the country.
SIRC expects the financial services division to generate over $2 million in revenue in the first 12 to 14 months, with millions more resulting from project initiations resulting from the enhanced financial products now available. The sales and profit opportunity for the SIRC The financial services division is expected to grow exponentially beyond the first year.
- Potential NASDAQ uplisting and commercial pipeline for 2023 discussed by CEO David Massey on The Stock Day Podcast
On May 11th, the Stock Day Podcast was welcomed SIRC CEO, David Massey, for an exclusive interview that included the following comments from Mr. Massey:
“We had tremendous growth last year and this year we have an incredible commercial pipeline to work on. We are preparing to launch a $330 million project in New Mexico that we are funding and moving into our pipeline next week. We work.” with Global Fund from New York. We want to work with a battery company so we can have our own storage and become more of a technology provider.”
“Last year we did a lot on the private side. This year we are shifting more towards the commercial solar side. We are one of the contractors for the $5 billion Electric Vehicle Charging Act recently passed by Congress.”
The conversation then turned around SIRC Intentions to list on NASDAQ in the future. “We believe that moving up the NASDAQ will unlock the true value of the company,” Massey said. “Many cleantech companies on the Nasdaq are making between 5 and 10 times their revenue; we trade 15% of our sales on the OTC market,” he explained.
“We have just opened our finance department, which will enable us to offer our own financing for our projects. Merchant fees are significant in the solar industry, but our merchant fees are lower than many. We anticipate that this department will.” Add a tremendous amount of revenue to sales.
To hear David Massey’s entire song SIRC Interview, follow the podcast link here: https://audioboom.com/posts/8299103-solar-integrated-roofing-corp-discusses-potential-nasdaq-uplist-and-2023-commercial-pipeline-wit.
- SIRC and ShareIntel Enter into Shareholder Services Agreement to Combat Illegal Short Selling – Measures to Protect Shareholder Interests
On May 2nd SIRC announced that the Company has retained Shareholder Intelligence Services, LLC on a 12-month full-service contract to review trading samples from SIRC common stock; monitor, identify and compensate for deviations; and to take action against illegal short selling.
SIRC Enters into Exchange Agreement to Amortize $14 Million of Notes
On April 20th SIRC announced that it has entered into an exchange agreement to redeem a $14 million promissory note with existing bondholder Granite Global Value Investments LTD (“Granite”). Pursuant to the exchange agreement, Granite agreed to cancel the $14 million bond issued by the company in June 2022 in exchange for 4,000,000 common shares.
“The completion of this exchange agreement is an important milestone in our ongoing debt reduction initiatives, which we remain focused on SIRC“It’s next phase of growth,” said David Massey, chief executive officer. “We now have significantly more flexibility to pursue potential strategic deals or get listed on a priority exchange. We remain focused on operational execution across all of our businesses with the goal of unlocking and maximizing value for our shareholders.”
- Introduction of the new corporate website
On March 30th SIRC announced the launch of its new corporate website www.sirc.com.
The new website offers visitors a dynamic user interface and rich content that showcases the company’s range of solutions, including solar energy, EV roof and charging systems, and project financing for commercial and residential customers. The site will launch in the first week of April 2023 and will be continuously updated with new content including corporate announcements, media, events, investor presentations and SEC filings.
SIRC acquires AVCO Roofing
For more information on SIRC, visit: www.sirc.com
DISCLAIMER:
CAP/FrontPageStocks/CorporateAds.com (CA) is a third party and provider of news distribution services. CAP/FPS/CA is in no way affiliated with any of the companies mentioned here. CAP/FPS/CA is a news distribution solutions provider and is NOT a registered broker/dealer/analyst/adviser, does not hold investment licenses and may NOT sell, offer for sale or offer for sale any securities. CAP/FPS/CA’s market updates, news releases and company profiles are NOT a solicitation or recommendation to buy, sell or hold any securities. The material in this press release is for informational purposes only and should NEVER be construed or interpreted as research material. All readers are strongly advised to do their own research, due diligence and consult a licensed financial professional before considering investing in stocks. All material contained herein is republished content and details previously distributed by the companies named in this press release or the opinion of the author. CAP/FPS/CA is not responsible for the investment decisions of its readers or subscribers. Investors are reminded that investing in equities could result in a loss of all or part of their investment. CAP/FPS/CA was compensated $500 by a third party for distributing this article.
Disclaimer/Safe Harbor:
These press releases and articles may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events, which involve risks and uncertainties. These risks include, but are not limited to, the expectation that any of the companies mentioned herein will achieve significant sales, failure to meet schedule or performance requirements in the companies’ contracts, the companies’ cash position, the companies’ ability to obtain new contracts, etc from competitors with greater financial resources and the impact of competitive pricing. Given these uncertainties, the forward-looking events discussed in this press release may not occur.
media contact
Company Name: SOLAR INTEGRATED ROOFING CORPORATION
Interlocutor: Dave Massey, CEO
E-mail: Send e-mail
Phone: (702) 589-4651
Address:2831 St Rose Pkwy Suite 200
City: Henderson
Condition: Nevada 89052
Country: United States
Website: https://www.sirc.com/
www.digitaljournal.com
https://www.digitaljournal.com/pr/news/getnews/great-commercial-expansion-and-revenue-growth-with-plans-of-nasdaq-up-listing-for-solar-tech-roofing-and-ev-charging-system-provider-solar-integrated-roofing-corp-stock-symbol-sirc-
