Social Detention Inc. (SODE) Awarded Contract for the Federal Correctional Institution Texarkana, TX
December 12 2017 - 10:00AM
InvestorsHub NewsWire
Alamo, CA. -- December 12, 2017 --
InvestorsHub NewsWire --
ELLA, a subsidiary of Social
Detention Inc. SODE, recently announced that it has
awarded a contract for the Federal Correctional Institution in
Texarkana Texas. The project consists of installing 20 each
High Security Detention Grade Windows. Contract value was
$148,000.00. The contract will start in January 2018.
(USOTC:
SODE)
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 2018 First Quarter 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 award of this project demonstrates our
ability to perform in the security market to compliment our
infrastructure strategy. As we approach 2018 we have built a
platform to excel us to next level as we have completed and been
awarded several opportunities. Our backlog is at and all time
high and the bid market is substantial. Negotiations continue
on several acquisitions as well.”
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 or to contact Social
Detention please visit www.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.
Contact:
Social Detention Inc.
Robert P. Legg II
blegg@sodetention.com
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