Social Detention Inc. (SODE) Receives $1.2 Million Contract
February 06 2018 - 9:00AM
InvestorsHub NewsWire
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Alamo, CA -- February 06, 2018 -- InvestorsHub
NewsWire -- Social Detention
Inc. SODE, recently announced that it has
received a service contract for $1.2 Million from TADRC
Inc The contract consists of engineering, estimating,
project management and professional services. The contract
value will be included in Social Detention Inc.'s 2018
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, “We are very pleased with this award.
Our service side of the business is a high margin, with no risk,
division we are continuing to grow. Our current backlog
is at an all time high and we are negotiating with several
companies to acquire them without the need for debt
financing. In addition, the President’s $1.5 Trillion
Infrastructure Plan cannot be overstated in the opportunity
provided to our company. There are only so many qualified
(public) infrastructure firms that can meet the
demand.”
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.
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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