Social Detention Inc. (SODE) Completes Lafayette Unified School District Project
November 28 2017 - 1:47PM
InvestorsHub NewsWire
Alamo, CA -- November 28, 2017 -- InvestorsHub
NewsWire -- ELLA, a subsidiary of Social Detention
Inc. SODE,
recently announced that it has completed a contract for the
Lafayette Unified School District at Happy Valley Elementary.
The project consisted of installing 22 foot steel beams surrounded
by concrete and the covered steel canopy above. Contract
value was $107,000.00.
ELLA is a general contracting, general
engineering and specialty contracting company in California and
offers comprehensive construction services across the Western
Pacific region. The contract was completed on time and within
budget.
The contract value will be included in Social
Detention Inc.’s 2017 revenue. The contract will help boost the
company’s top-line growth in the near
term.
Robert Legg, President and CEO of Social
Detention Inc., stated, “The completion of another project provides
the capital required to increase our sales without any type of debt
financing or borrowing. Our current backlog is at an all time
high and we are negotiating with several companies in the security
and infrastructure space to acquire. We are
executing on a daily basis with our plan to grow
organically and with the purchase of other
companies.”
The company anticipates to gain from increased
backlog and continuous success in winning new projects, combined
with the benefits expected from the FAST Act, California’s SB1
transportation bill, and several large voter-approved
transportation funding measures.
Social Detention Inc. expects a significant volume of prospective
opportunities and bidding activities for infrastructure and
security projects over the next several years. The strength of the
underlying demand will likely support its long-term outlook for
growth and profitability.
For more information about Social Detention Inc.
visit www.sodetention.com.
Contact:
Social Detention Inc.
Robert P. Legg II
blegg@sodetention.com
FORWARD LOOKING STATEMENTS
Except for historical information, this news release contains
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve unknown risks, and
uncertainties that may cause the Company's actual results or
outcomes to be materially different from those anticipated and
discussed herein. Important factors that might cause such
differences are discussed in the Company's filings with the
Securities and Exchange Commission. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Actual results could differ materially from those
anticipated in these forward-looking statements, if new information
becomes available in the future
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