Social Detention Inc. (SODE) Receives $1.2 Million Contract
ALAMO, Calif., Feb. 9, 2018 /PRNewswire/ -- Social Detention Inc. (OTC Pink: 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'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 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.
Social Detention Inc.
Robert P. Legg II
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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