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Tuesday, February 21, 2023

Breaking #Solar #Stock news - Solar Integrated Roofing (OTC: $SIRC) to grow Finance Division to service all #alternativeenergy contractors; @SIRCStock

Breaking #Solar #Stock news - Solar Integrated Roofing (OTC: $SIRC) to grow Finance Division to service all #alternativeenergy contractors; @SIRCStock

 

Finance Division will bring revenue and profit growth to SIRC delivering strategic value for customers, partners & shareholders

 

 


HENDERSON, Nev., Feb. 21, 2023 -- Breaking Solar stock news from Investorideas.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, today announced that it will grow its Finance Division launching new offerings to service contractors & customers within the alternative energy and roofing spaces.

 

Read this news, featuring SIRC at https://www.investorideas.com/news/2023/renewable-energy/02211SIRC-Finance-Division-All-Alternative-Energy-Contractors.asp

 

This March, SIRC will expand its finance solutions to all residential solar, commercial solar, roofing, and EV projects for contractors and internal & external customers throughout the country.

 

The financial offerings SIRC will provide include:

• Residential solar finance solutions with competitive rates and low dealer fees.

• Residential PPA (power purchase agreement) that allows homeowners with little, no, or poor credit to qualify for solar on their homes.

• Commercial “no credit” required PPAs for nonprofits.

• Financing for commercial alternative energy projects, some with no money required out of pocket.

• Stand-alone finance solutions for all roof and home efficiency projects.

• Equipment leasing and finance solutions for EV.

 

The financial services divisions growth complements SIRC’s expansive list of services and displays continued evolution of SIRC’s strategy to be one of the most dynamic alternative energy companies in the country.

 

SIRC anticipates the financial services division may generate over $2 million in profits over the first 12-14 months, with millions more in project originations resulting from the enhanced finance products now available. The revenue and profit opportunity for SIRCs financial services division is expected to scale exponentially beyond the first year.

 

Says SIRC CEO Dave Massey, “For SIRC, our objective is to be the premier all-inclusive alternative energy solution in the market. The growth of SIRC Finance is another step in that direction and should bring us much closer to cash flow positive. This helps us achieve our goals and is a very important piece of our plan for the current strategic acquisition targets that we have on the books. We are excited for how this should enable everything to come together quickly to yield results to SIRC’s bottom line that will benefit all our shareholders and constituents.”

 

"About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements in this press include, among others, statements about our renegotiated settlement agreement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our limited operating history; our dependence on third parties for many aspects of our business; general market and economic conditions; technical factors; the availability of outside capital; our receipt of revenues; legislative developments; changes in our expenditures and other uses of cash; our ability to find, recruit and retain personnel in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Registration Statement on Form 10 or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Investor Relations Contact:
Michael Kim or Brooks Hamilton
MZ North America
+1 (949) 546-6326
SIRC@mzgroup.us
www.mzgroup.us

 

 

Investorideas.com Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Thursday, February 16, 2023

#Cleantech #Stock Solar Integrated Roofing (OTC: $SIRC) Announces Acquisition of AVCO Roofing - #solarsolutions to #residential and #commercial properties; @SIRCStock

 #Cleantech #Stock Solar Integrated Roofing (OTC: $SIRC) Announces Acquisition of AVCO Roofing - #solarsolutions to #residential and #commercial properties; @SIRCStock

 

HENDERSON, Nev., February 16, 2023 -- Breaking Solar stock news from Investorideas.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solutions provider of solar power single-source solutions provider of solar power, roofing and EV charging systems, today announced that it has signed a binding Letter of Intent (LOI) to acquire AVCO Roofing (“AVCO”), a provider of roofing and solar solutions to residential and commercial properties.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2023/renewable-energy/02161SIRC-AVCO-Roofing-Solar-Solutions.asp

Founded in 2007, AVCO specializes in roof and solar repair and replacement services for residential and commercial buildings in North and East Texas, Oklahoma, and Louisiana. The Company expects the acquisition to be immediately accretive.

 

AVCO Roofing generated approximately $21 million in revenue in fiscal year 2022 and approximately $140 million in revenue since owner Heath Hicks purchased the company in 2016. AVCO currently has three locations with a team of more than 150 team members. AVCO is the recipient of numerous service awards and is listed on Inc.’s Top 100 Fastest Growing Companies in Texas & Top 1,000 Fastest Growing Companies in the USA.

 

"With over 10,000 projects completed over the last decade, AVCO is among the leading companies in the roofing industry and a highly regarded name in its region,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. “Under the leadership of Heath Hicks, AVCO has developed a reputation as a highly regarded contractor that forges deep relationships with its customers and communities. We look forward to working with Heath and his team to generate continued growth under SIRC’s roofing division while unlocking additional revenue through cross-selling opportunities. The AVCO LOI represents the first in the list of strategically important LOIs that SIRC has announced following our recent funding which will enable our next phase of growth.”

 

Heath Hicks, Chief Executive Officer, and Owner of AVCO added: “The scale of the opportunity presented by AVCO joining the ever-growing Solar Integrated Roofing Corp. SIRC platform is very exciting. AVCO brings immediate accretive value to SIRC and has been working closely with SIRC subsidiaries and divisions for years. The quality of our team at AVCO combined with the strong relationships and alignment already in place with the SIRC team allows for strategic national growth and tremendous long-term value creation for all involved, most importantly the SIRC shareholders.”

 

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements in this press include, among others, statements about our renegotiated settlement agreement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our limited operating history; our dependence on third parties for many aspects of our business; general market and economic conditions; technical factors; the availability of outside capital; our receipt of revenues; legislative developments; changes in our expenditures and other uses of cash; our ability to find, recruit and retain personnel in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Registration Statement on Form 10 or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Investor Relations Contact:
Michael Kim or Brooks Hamilton
MZ North America
+1 (949) 546-6326
SIRC@mzgroup.us
www.mzgroup.us

 

Investorideas.com Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Wednesday, February 15, 2023

Breaking #Solar #Stock news - Solar Integrated Roofing (OTC: $SIRC) to Acquire AVCO Roofing; @SIRCStock

Breaking #Solar #Stock news - Solar Integrated Roofing (OTC: $SIRC) to Acquire AVCO Roofing; @SIRCStock

 

Acquisition Expands National Footprint and Brings Experienced Strategic Leadership to SIRC

 


HENDERSON, Nev., February 15, 2023 -- Breaking Solar stock news from Investorideas.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solutions provider of solar power single-source solutions provider of solar power, roofing and EV charging systems, today announced that it has signed a binding Letter of Intent (LOI) to acquire AVCO Roofing (“AVCO”), a provider of roofing and solar solutions to residential and commercial properties.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2023/renewable-energy/02151SIRC-Acquires-AVCO-Roofing.asp

 

Founded in 2007, AVCO specializes in roof and solar repair and replacement services for residential and commercial buildings in North and East Texas, Oklahoma, and Louisiana. The Company expects the acquisition to be immediately accretive.

 

AVCO Roofing generated approximately $21 million in revenue in fiscal year 2022 and approximately $140 million in revenue since owner Heath Hicks purchased the company in 2016. AVCO currently has three locations with a team of more than 150 team members. AVCO is the recipient of numerous service awards and is listed on Inc.’s Top 100 Fastest Growing Companies in Texas & Top 1,000 Fastest Growing Companies in the USA.

 

"With over 10,000 projects completed over the last decade, AVCO is among the leading companies in the roofing industry and a highly regarded name in its region,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corp. “Under the leadership of Heath Hicks, AVCO has developed a reputation as a highly regarded contractor that forges deep relationships with its customers and communities. We look forward to working with Heath and his team to generate continued growth under SIRC’s roofing division while unlocking additional revenue through cross-selling opportunities. The AVCO LOI represents the first in the list of strategically important LOIs that SIRC has announced following our recent funding which will enable our next phase of growth.”

 

Heath Hicks, Chief Executive Officer, and Owner of AVCO added: “The scale of the opportunity presented by AVCO joining the ever-growing Solar Integrated Roofing Corp. SIRC platform is very exciting. AVCO brings immediate accretive value to SIRC and has been working closely with SIRC subsidiaries and divisions for years. The quality of our team at AVCO combined with the strong relationships and alignment already in place with the SIRC team allows for strategic national growth and tremendous long-term value creation for all involved, most importantly the SIRC shareholders.”

 

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements in this press include, among others, statements about our renegotiated settlement agreement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our limited operating history; our dependence on third parties for many aspects of our business; general market and economic conditions; technical factors; the availability of outside capital; our receipt of revenues; legislative developments; changes in our expenditures and other uses of cash; our ability to find, recruit and retain personnel in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Registration Statement on Form 10 or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Investor Relations Contact:
Michael Kim or Brooks Hamilton
MZ North America
+1 (949) 546-6326
SIRC@mzgroup.us
www.mzgroup.us

 

Investorideas.com Paid News -Disclaimer/Disclosure: . Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Friday, February 10, 2023

New #Stocks and #TradingIdeas (Nasdaq: $LIFE) (Nasdaq: $LSTA) (TSXV: $CDX.V) (Nasdaq: $REUN) (CSE: $LIM.C) (TSXV: $FUSE.V)

 New #Stocks and #TradingIdeas (Nasdaq: $LIFE) (Nasdaq: $LSTA) (TSXV: $CDX.V) (Nasdaq: $REUN) (CSE: $LIM.C) (TSXV: $FUSE.V)

 

#Biotech, #Psychedelics, #EVMetals and #Mining Stocks Added to Investor Ideas Free Stock Directories

 



 

 

Vancouver, Kelowna, Delta, BC, February 10, 2023 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Biotech, Psychedelics, EV Metals and Mining. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2023/main/02101Stocks.asp

 

The newest biotech companies include those involved in pharmaceuticals, biotherapeutics and digital healthcare.

 

The latest psychedelics company is developing therapies for patients suffering from postpartum depression and other mental health conditions.

 

The newest EV company is developing technologies for use in next generation batteries, while the latest mining company is exploring for metals for the manufacturing of batteries.

 

New Stocks added to the Biotech Stocks List:

Orexo AB (OTCQX: ORXOYNasdaq STO: ORX) develops improved pharmaceuticals and digital therapies addressing unmet needs within the growing space of substance use disorders and mental health. The products are commercialized by Orexo in the US or via partners worldwide. The main market today is the American market for buprenorphine/naloxone products, where Orexo commercializes its lead product ZUBSOLV® for treatment of opioid use disorder. Total net sales for 2021 amounted to SEK 565 million and the number of employees was 121. Orexo is listed on the Nasdaq Stockholm Mid Cap (ORX) and is available as ADRs on OTCQX (ORXOY) in the US. The company is headquartered in Uppsala, Sweden, where research and development activities are performed.

aTyr Pharma, Inc. (Nasdaq: LIFE) is a biotherapeutics company engaged in the discovery and development of first-in-class medicines from its proprietary tRNA synthetase platform. aTyr’s research and development efforts are concentrated on a newly discovered area of biology, the extracellular functionality and signaling pathways of tRNA synthetases. aTyr has built a global intellectual property estate directed to a potential pipeline of protein compositions derived from 20 tRNA synthetase genes and their extracellular targets. aTyr’s primary focus is efzofitimod, a clinical-stage product candidate which binds to the neuropilin-2 receptor and is designed to downregulate immune engagement in fibrotic lung disease.

 

Lisata Therapeutics (Nasdaq: LSTA) is a clinical-stage pharmaceutical company dedicated to the discovery, development, and commercialization of innovative therapies for the treatment of advanced solid tumors and other major diseases. Lisata’s lead investigational product candidate, LSTA1 (formerly known as CEND-1), is designed to modify the tumor microenvironment by activating a novel uptake pathway that allows anti-cancer drugs to penetrate solid tumors more effectively. LSTA1 actuates an active transport system in a tumor-specific manner, resulting in systemically co-administered anti-cancer drugs more efficiently penetrating and accumulating in the tumor, while normal tissues are not affected. LSTA1 has demonstrated favorable safety, tolerability, and activity in clinical trials to enhance delivery of standard-of-care chemotherapy for pancreatic cancer. Lisata and its collaborators have also amassed significant non-clinical data demonstrating enhanced delivery of a range of emerging anti-cancer therapies, including immunotherapies and RNA-based therapeutics. Lisata is exploring the potential of LSTA1 to enable a variety of treatment modalities to treat a range of solid tumors more effectively. In addition, Lisata also has clinical development programs based on its autologous CD34+ cell therapy technology platform.

Cloud DX Inc.(OTCQB: CDXFFTSX-V: CDX) Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health™ remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, 2022 Top Innovator by Canadian Business, a 2021 Edison Award winner, a Fast Company "World Changing Idea" finalist, and one of "Canada's Ten Most Prominent Telehealth Providers." Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada, and Equitable Life of Canada.

HealthBeacon PLC (OTCQX: HBCNFEuronext Dublin: HBCN) is an Irish digital therapeutics company that develops products for managing injectable medications for patients in the home. The HealthBeacon Injection Care Management System tracks adherence and persistence with medication schedules through the provision of medication management reminders, safe and sustainable sharps disposal devices, educational tools, and artificial intelligence (AI) driven data analytics. The Company operates across Europe, North America and the United Kingdom and employs more than 70 people and has obtained more than 30 design and utility patents. Peer reviewed evidence supports a 19% improvement in therapy persistence by patients and up to 26% improvement in adherence to therapy, which improves clinical outcomes and significantly improves efficiency in health systems. The Company’s mission is to become the world’s leading digital therapeutics platform for injectable medications.

New Stocks added to the Psychedelics Stocks List:

Reunion Neuroscience Inc. (Nasdaq: REUN) is committed to developing innovative therapeutic solutions for underserved mental health conditions. The Company’s lead asset, RE104, is a proprietary, novel serotonergic psychedelic compound being developed as a potential fast-acting and durable treatment for patients suffering from postpartum depression and other mental health conditions. RE104 is protected under US Patent No. 11,292,765 issued on April 5, 2022 (priority June 30, 2020) with claims for composition of matter, methods of manufacturing, formulations and methods of use for a genus of hemi-ester tryptamines, including RE104, which could provide protection out to June 30, 2041. Reunion is also developing the RE200 series, which includes compounds with potential for more selective serotonin receptor activity with reduced psychoactivity for potential use in more chronic treatment paradigms and indications.

 

New Stocks added to the EV Metals/Batteries Stocks List:

Li Metal Corp. (OTCPink: LIMFFCSE: LIM) is a Canadian-based company developing lithium metal anodes and lithium metal production technologies for use in next generation batteries. Our production methods are significantly more sustainable than existing products and offer lighter, more energy dense and safer batteries that are critical to tomorrow’s electric vehicles.

 

New Stocks added to the Mining Stocks List:

Fuse Battery Metals Inc. (TSXV:FUSE) Formerly Fuse Cobalt - focus is on exploration for high value metals required for the manufacturing of batteries.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

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Wednesday, February 8, 2023

#Solar /#EV #Stock news - Solar Integrated Roofing (OTC: $SIRC) Announces $10 Million Funding with Top Four National Bank; @SIRCstock

#Solar /#EV #Stock news - Solar Integrated Roofing (OTC: $SIRC) Announces $10 Million Funding with Top Four National Bank; @SIRCstock

 

HENDERSON, NV / February 8, 2023 / Breaking Solar/EV stock news from Investorideas.com  - Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solutions provider of solar power, roofing and EV charging systems, announced it has secured a new $10 million revolving credit facility with a top four national bank to finance the Company’s working capital requirements, subject to customary closing conditions.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2023/renewable-energy/02081SIRC-Funding.asp

 

Per the terms of the agreement, the $10 million revolving credit facility shall have a 1-year term and carry interest at the SOFR rate plus 1.50%. The Company may borrow, prepay and reborrow principal under the Credit Agreement from time to time during its term. Additional details of the credit facility will be available in a Form 8-K to be filed upon closing.

 

David Massey, Chairman and Chief Executive Officer of Solar Integrated Roofing Corp., said, “In combination with the impending closing of our recent $25 million term note, this new credit facility will provide greater financial flexibility to invest in internal initiatives and support our next phase of growth as we aggressively focus on improving operating cash flows and profitability in 2023. The terms of the new facility are favorable to SIRC and enhances our borrowing capacity at attractive rates, reflecting our strong base of business and cost control efforts to reduce redundant expenses.

 

“As we grow and further expand our relationship with this banking partner across all aspects of the business, in time we hope to grow this credit line towards an internal goal of $100 million. Upon closing, this credit facility will mark another important milestone for SIRC as we continue to execute on our strategic long-term growth objectives and strive to create sustainable, long-term value for our shareholders,” concluded Massey.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC: SIRC) is an integrated, single-source solutions provider of solar power, roofing and EV charging systems, specializing in commercial and residential properties throughout North America. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on Twitter or LinkedIn.

 

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements in this press include, among others, statements about our renegotiated settlement agreement. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our limited operating history; our dependence on third parties for many aspects of our business; general market and economic conditions; technical factors; the availability of outside capital; our receipt of revenues; legislative developments; changes in our expenditures and other uses of cash; our ability to find, recruit and retain personnel in sufficient numbers to support our growth; our ability to manage growth; and general market, economic and business conditions. Additional factors that could cause actual results to differ materially from those anticipated by our forward-looking statements are under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Registration Statement on Form 10 or Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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