DGAP-News

Solar Integrated Roofing Corp Retires 20 Million Shares of Common Stock, Valued At Over One Million Dollars

DGAP-News: Solar Integrated Roofing Corporation / Key word(s): Miscellaneous Solar Integrated Roofing Corp Retires 20 Million Shares of Common Stock, Valued At Over One Million Dollars 17.09.2020 / 16:15 The issuer is solely responsible for the content of this announcement. Poway, California--(Newsfile Corp. - September 17, 2020) - Solar Integrated Roofing Corporation (OTC PINK: SIRC), a leading Southwest-based Solar Company, is extremely pleased to announce we are retiring 20 million shares of our Common Stock to Treasury. The current market value of this retirement is over $1 Million USD, and accounts for approximately 15% of the current Outstanding Shares.

This accounts for only one of the major milestones and achievements we have accomplished in recent months, inclusive of:

• Consolidated audit reaching completion as of this week and being prepared for submission
• $2 Million in revenue with a 20% net profit leading to over $400K in net profit for the month of August
• Q2 revenues are projected to be approximately $5 Million, by far the most profitable quarter in company history

Dave Massey, CEO of Solar Integrated Roofing Corp stated "2020 has really been a momentous year for us. Early in the year, we established the goal of becoming a strong contender in the renewable energy sector and in recent months, we've shattered expectations and increased our footprint significantly in several major metropolitan areas. We are currently in the final stages of negotiation with our acquisition target mentioned in the September 9th press release, and we anticipate closing within the very near future."

Mr. Massey continued "As expected, our projections show an increase in profits as we climb steadily into the strongest quarter during the final months of 2020. I greatly anticipate sharing with you the completion of several exciting updates and developments, which will greatly enhance shareholder value as we embark on the beginning of the strongest period in our corporate history."