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SODE Social Detention Inc (PK)

0.0048
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Social Detention Inc (PK) USOTC:SODE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0048 0.0048 0.0048 0.00 01:00:00

Social Detention Inc. (SODE) Awarded Contract for the Federal Correctional Institution Texarkana, TX

12/12/2017 3:00pm

InvestorsHub NewsWire


Alamo, CA. -- December 12, 2017 -- InvestorsHub NewsWire --

 ELLA, a subsidiary of Social Detention Inc.  SODE, recently announced that it has awarded a contract for the Federal Correctional Institution in Texarkana Texas.  The project consists of installing 20 each High Security Detention Grade Windows.  Contract value was $148,000.00.  The contract will start in January 2018. (USOTC: SODE)

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 was completed on time and within budget.  


The contract value will be included in Social Detention Inc.’s 2018 First 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 this project demonstrates our ability to perform in the security market to compliment our infrastructure strategy.  As we approach 2018 we have built a platform to excel us to next level as we have completed and been awarded several opportunities.  Our backlog is at and all time high and the bid market is substantial.  Negotiations continue on several acquisitions as well.”

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 or to contact Social Detention please 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.

Contact: 
Social Detention Inc. 
Robert P. Legg II
blegg@sodetention.com

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