Solar Integrated Roofing (OTC: $SIRC) Expands with Binding LOI to Acquire South Carolina Roofing and Solar Installer
Solar Integrated Roofing (OTC: SIRC) Announces Signing of a Mandatory LOI to Acquire Cornerstone Construction, South Carolina.
Solar Integrated Roofing Corporation (OTCMKTS: SIRC)
EL CAJON, CALIFORNIA, UNITED STATES, Feb. 18, 2021 /EINPresswire.com/ – Latest solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), a one-stop, integrated source The solar and rooftop installer announced today that it has signed a Letter of Intent (LOI) to acquire Cornerstone Construction, a leading provider of rooftop and solar solutions in South Carolina.
Cornerstone Construction, a licensed roofer, has served thousands of clients since 2017 and received hundreds of 5-star ratings in the southeastern US with high quality solutions for roof and solar projects for residential and commercial buildings. Roofing services include expert inspection, installation, repair and replacement services, as well as gutters, windows, siding and terraces. The company designs and installs traditional solar and solar clapboard arrays that integrate seamlessly with new and existing roof systems.
“This is the first step in our company’s transition to a nationwide provider of roofing and solar solutions,” said David Massey, chairman of the board of directors of Solar Integrated Roofing Corporation. “During 2020, Cornerstone strategically entered new markets including Charlotte NC, Charleston SC, Little Rock AR, Tulsa, OK and Foley AL. The company completed over 1,000 rooftop and solar systems in 2020 and had sales of over $ 15 million with robust forecast growth.
“Cornerstone is a well-known thought leader in the industry as its founder Hunter Ballew started a movement in the roofing and solar industry that helps tens of thousands of roofers and solar suppliers across the country each year through retreats, a mastermind and an annual conference, RoofCON . Hunter and the Cornerstone team have been featured in dozens of shows, podcasts, and talks including Forbes, Entrepreneur.com, TODAY, Business Insider, and many more. This is an exciting presence that we believe will help grow our acquisition pipeline nationally and create value for our shareholders, ”concluded Massey.
Hunter Ballew, Founder and CEO of Cornerstone Construction, added, “The Cornerstone team will add our proprietary Six Figure Blueprint training program, along with other proprietary systems, to the Solar Integrated Roofing family to achieve predictable growth while scaling and scaling rapidly improve efficiency. Automate processes and increase margins. I look forward to working closely with David and his team over the coming months. “
About Cornerstone Construction
Cornerstone Construction, a licensed roofer, has been serving thousands of customers across South Carolina and neighboring states since 2017 with high-quality solutions for residential, commercial and solar systems. Roofing services include expert inspection, installation, repair and replacement services, as well as gutters, windows, siding and terraces. The company designs and installs traditional solar and solar shingles that can be seamlessly integrated into any new or existing roof system. For more information on Cornerstone Construction, please visit: https://cornerstoneconstruction.org.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corporation (OTC: SIRC) is a one-stop, integrated solar and roof installation company that specializes in commercial and residential real estate in the Southern California market. The company’s broad range of solutions includes the sale and installation of solar systems, battery backup and charging stations for electric vehicles (EV) for roofers, HVAC and related electrical installation 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 such a term is defined in the Private Security Litigation Reform Act of 1995, which addresses potential developments that have an impact on the business, prospects, financial condition and other aspects of the company to which this news release relates. Actual results on the specific elements 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 publication, material differences in size, timing, and other factors could result from business risks and uncertainties, including, without limitation, the company’s reliance on third parties. General market and economic conditions, technical factors, availability of debt capital, receipt of income, and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in forward-looking statements. This press release is not intended as a general solicitation.
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February 18, 2021 at 13:15 GMT
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