EL CAJON, CA / ACCESSWIRE / July 27, 2021 / Solar Integrated Roofing Corp. (OTC PINK: SIRC), an integrated solar power and rooftop installation company, announced today that the company has launched a share buyback program to reduce dilution through a series of purchases to retire shares in its common stock.
The company is purchasing and withdrawing 5,000,000 shares of preferred stock convertible into 50,000,000 common shares from Brian Milholland, who serves as President of Solar Integrated Roofing Corp. retires, but will continue to act as a consultant to the company.
“To reduce dilution and add shareholder value, the company will conduct a series of share buybacks, beginning with the purchase of Brian’s preferred stock announced today. Brian has been truly privileged to work with Brian given his influence over the past year was great. ” has helped us immeasurably in becoming the company we are today and we will certainly miss his full-time support, although we appreciate his approval to stay with us in an advisory capacity where his knowledge and expertise can continue to guide us. We wish him all the best for his retirement, “said Massey.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) is an integrated, one-stop solar power and rooftop installation company specializing in commercial and residential real estate in the United States. The company serves communities by delivering the best experience through constant innovation and heritage-centered leadership. The company’s wide range of solutions range from selling and installing solar energy systems, battery backup and charging stations for electric vehicles (EV) to roofing, HVAC and related electrical work. For more information, please visit the company’s website at www.solarintegratedroofing.com.
All statements made in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995 and affects potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release relates. Actual results on the specific points described in this press release, and the company’s business in general, could differ materially from those projected in such forward-looking statements. While such statements are based on the best estimates of the company’s management as of the date of this release, material differences in size, timing and other factors could result from business risks and uncertainties, including, but not limited to, the company’s dependence on third parties, general market and other factors Economic conditions, technical factors, the availability of debt capital, revenue, 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 statements. This press release is not a general solicitation.
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Lucas A. Zimmermann
MZ North America
SOURCE: Solar Integrated Roof Corp.
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