ALAMO, CA. , June 12, 2018 (GLOBE NEWSWIRE) -- - Social Detention Inc. (OTC: SODE)
Thank you for joining Social Detention Inc. (SODE) on this journey to become a billion dollar company. I wanted to provide a laser focus to the business and investment world of how we are going to get there.
1. Identify, obitain and complete profitable projects for the government in the security and infrastructure space. Our market is projected to be over $2 Trillion Dollars in the coming years. The revenue is available and we just need to execute. Currently for each $1 Million we deploy into our projects we return $1.3 Million. Our customers are the government so our payments are secure and guaranteed.
2. Retire stock that is currently authorized but is restricted. Of the 183,753,333 shares authorized 159,387,992 is restricted per our Transfer Agent as of 4/26/18. As of today we could retire approximately 97,000,000 shares and are actively pursuing the balance of the restricted stock to add to that amount.
3. In addition to up listing to OTCQB, our board has agreed to up list to the highest level OTCQX as a priority.
4. We are in deep negotiations (executed NDA’s, due diligence complete and offer made) on several acquisitions and joint ventures to strengthen our company offerings. The mission will always be to use our equity to capitalize on these opportunities to keep our debt low and cash position strong.
5. We are running at a 200% per quarter revenue growth with profitability. I continue to see our profitability margin increased and until we reach the 20 Million Dollar Revenue/Backlog I see no reason for this not to continue.
In the future I will provide updates on a regular basis. The mission ahead of us to become a billion dollar company will require hard work and many long days but we are being presented with funding into the security and infrastructure space that will give us the fuel to get there.
Sincerely,
Robert P. Legg II
President/CEO
Social Detention Inc.
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.