Solar Integrated Roofing Generated Record Revenue of Approximately $1.7 Million for the Month of October

A 40% Increase over Septembers Numbers

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Solar Integrated Roofing Corporation

Nov 07, 2019, 05:30 ET

POWAY, California, Nov. 7, 2019 /PRNewswire/ -- InvestorsHub NewsWire -- Solar Integrated Roofing Corporation (OTCPINK: SIRC), an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally, announced today that the company generated record revenues of approximately $1.7 million for the month of October. That represents an approximate 40% increase over the September numbers.

Dave Massey, CEO of SIRC, commented, "We are integrating the most recently announced acquisitions which are just beginning to show the results we expect from our business plan."

Commenting further, Massey said, "The company experienced growth across all of our companies with Secure Roofing and Solar turning in more than $521,000 and Montross nearly $200,000 in revenues, respectively. Narrate, our marketing company, booked just shy of $370,000, up 50% over last month. They are executing right on schedule and building a massive lead base. McKay Roofing did $558,000 in October at a profit margin of over 20%."

Finally, Massey commented, "We expect this growth to continue as we cross sell our solar/roofing solutions and generate new business. We are very optimistic going into 2020 as the State of California has mandated that all new home construction be equipped with solar energy capabilities. We expect that this state mandate will positively affect our revenues in 2020 and beyond."

About Solar Integrated Roofing Corporation

Solar Integrated Roofing Corporation is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit:

www.solarintegratedroofingcorp.com

Forward-Looking Statements:

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues 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 statement. This press release shall not be deemed a general solicitation.

Contact:
Marlena LeBrunApprocach
760-566-9116
[email protected]
https://www.facebook.com/secureroofingandsolar/
https://www.linkedin.com/company/sirc-stock/about/

SOURCE Solar Integrated Roofing Corporation