ALAMO, CA, May 22, 2018 (GLOBE NEWSWIRE) -- ELLA, a subsidiary of Social Detention Inc. (SODE), recently announced that it has been awarded (written and verbally) several projects in California. The projects consist of building security and infrastructure repairs. Combined Contract value is over $900,000.00. The contract(s) will begin in May 2018.
ELLA is a general contracting, general engineering and specialty contracting company in California and offers comprehensive construction services across the Western Pacific region.
The contract(s) value will be included in Social Detention Inc.’s 2018 Second Quarter 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, “The award of these projects demonstrates our ability to perform in all our divisions. As we venture through the second quarter 2018 we have built a platform to excel us to next level. Our backlog is at an all time high and the bid market is at the highest profit margin level I have seen in my 28 year career. Negotiations continue on several acquisitions as well. We are in due diligence on three acquisitions that will be equity based without diluting our current authorized shares or cash position.”
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.