Social Detention Inc. (SODE) Begins Three Contracts Totaling $328,000 in January 2018
January 09 2018 - 11:27AM
InvestorsHub NewsWire
Alamo, CA -- January 09, 2018 -- InvestorsHub
NewsWire -- ELLA, a subsidiary of Social
Detention Inc. SODE,
recently announced that it has begun three awarded contracts
totaling $328,000 in January 2018. Two are infrastructure and
one is security. The contracts consists of
clearing and grubbing, excavation, concrete and Bullet Proof
Assemblies.
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 value will be included in Social
Detention Inc.’s First-quarter 2018 revenue. The contract will help
boost the company’s top-line growth in the near
term.
Robert P. Legg, President of SODE, was quoted as
saying, “We are excited to begin the new quarter with a strong
revenue stream to bolster our infrastructure, security and cannabis
operations in 2018. With the pending $1 Trillion Dollar
Infrastructure Plan on the table all our current customers are
pushing projects to be started to avoid the increasing costs that
will occur when the demand for our services is on the rise.
In simple terms, there will be more work than companies to perform
in our space so margins will increase
dramatically.”
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.
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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