As the Business World Reopens,
Spectacular Solar Shining Once Again as Company
Closes $350K in Contracts
Rahway, NJ
-- May
27, 2020 -- InvestorsHub NewsWire
-- Spectacular Solar, Inc.
(OTC
PINK:
SPSO), is pleased to announce that it
has signed and financed not just one deal as was announced on
Twitter, but two deals since the economy in the Mid-Atlantic region
has reopened.
Heck signed a
$100,000 solar installation
contract
with Bornmann RV Sales in Glassboro, NJ
and a $250,000
contract to install a 65-kilowatt project for First
Friends Child Care School in Matawan, NJ.
"It feels great to
get these two deals signed and financed – it has been a frustrating
four months," said Spectacular Solar CEO Doug Heck. "Not only was
the U.S. economy firing on all cylinders, but Spectacular Solar was
as well and then the world stopped. The sales team is really ramped
up and I look forward to being able to announce many more deals in
the near future as they get financed."
On the construction
side of the business, the company is now operating at 100% capacity
as workers are now allowed to enter homes in addition to working on
the exterior of buildings. On the office side, Heck is
remaining conservative.
"Watching the
excitement our construction workers getting back on the job was
like seeing NFL players ready to come out of the tunnel on opening
day – it was great to see," Heck said. "We are still concerned
about maintaining social distancing in the office and will be
staffing the Rahway office accordingly to stay in compliance with
CDC guidelines."
There is also one
personnel move to announce. Antonio Perez, formerly the Chief
Financial Officer, is no longer with the company. Heck is in
discussions with Albeck Financial to handle the CFO
functions on an interim basis. Albeck is the financial firm that
worked with Spectacular Solar to get the audit-ready financial reporting
package to M & K CPAs for the audit.
For more information: please visit http://www.spectacularsolar.com and please follow us on
Twitter: @SPECTACULARSOL1
Investor Relations/Media Contact:
Gregg
Boehmer:
laynemichaelpr@gmail.com
Wyndham Hotel Project Video: https://youtu.be/BPLKjgdFaOw
About Spectacular Solar, Inc.: Spectacular Solar is a
diversified company involved in solar system installations,
investment fund management, and roofing contracting through its
subsidiaries. SPSO designs and
installs state-of-the-art solar conversions for home and business
owners. Star Power Services is a bonded and licensed roofing
contracting company with expertise in new roof installation,
repairs, and maintenance. The Solar Energy Investors Fund
contributes to the ongoing insurance expenses directly associated
with installation of solar systems. In return, the
fund receives a share of tax
benefits and ongoing revenue generated from electricity
sales.
Safe Harbor Statement
This release contains forward-looking statements that
relate to future events or performance. These statements reflect
the company's current expectations and are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Reform
Act of 1995. The company doesn't undertake to update or revise
these forward-looking statements, even if experience or future
changes make it clear that any projected results, expressed or
implied, in this or other company statements will not be realized.
Readers are cautioned that these statements involve risks and
uncertainties, many of which are beyond the company's control,
which could cause actual results to differ materially from the
forward-looking statements. Factors that could cause these
differences include, but are not limited to, the acceptance of our
products, lack of revenue growth, failure to realize profitability,
inability to raise capital and market conditions that negatively
affect the market price of our common stock. The Company disclaims
any responsibility to update any forward-looking
statements.
