Solar Integrated Roofing (SIRC) Moves Forward On First 2019 Acquisition

POWAY, Calif., Jan. 10, 2019 /PRNewswire/ -- Solar Integrated Roofing Corp (OTC: SIRC) "The Company" is pleased to provide investors an update on the first acquisition planned for 2019 and announced in December.  A term sheet has been agreed upon by both parties concerning the acquisition of a 35 year old, San Diego County based Roofing company.  This roofing company had revenues of $4.2 million for fiscal 2017 and experienced further growth in 2018 with estimated annual revenues of $4.4 million.  "This is but the first acquisition planned by the Company for first quarter 2019.  It will add millions to our 2019 revenues and for years to come," commented David Massey, CEO of SIRC.  Massey continued, "When assessing the synergies of the roof and solar panel install process, it is very advantageous for us to acquire long-established & profitable roofing companies.  We'll be able to offer solar installs to their past, current, and future customers."

About Solar Integrated Roofing Corporation

Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.com

Investor Relations:
Marlena LeBrun
760-566-9116

Forward-Looking Statements:

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

SOURCE Solar Integrated Roofing Corp. (SIRC)