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SODE Social Detention Inc (PK)

0.0065
0.00 (0.00%)
01 May 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% 0.0065 0.004 0.0069 0.00 21:00:00

Social Detention Inc. (SODE) Begins Three Contracts Totaling $328,000 in January 2018

09/01/2018 4:27pm

InvestorsHub NewsWire


Alamo, CA -- January 09, 2018 -- InvestorsHub NewsWire -- ELLA, a subsidiary of Social Detention Inc.  SODE, recently announced that it has begun three awarded contracts totaling $328,000 in January 2018.  Two are infrastructure and one is security.     The contracts consists of clearing and grubbing, excavation, concrete and Bullet Proof Assemblies.

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 value will be included in Social Detention Inc.’s First-quarter 2018 revenue. The contract will help boost the company’s top-line growth in the near term.

Robert P. Legg, President of SODE, was quoted as saying, “We are excited to begin the new quarter with a strong revenue stream to bolster our infrastructure, security and cannabis operations in 2018.  With the pending $1 Trillion Dollar Infrastructure Plan on the table all our current customers are pushing projects to be started to avoid the increasing costs that will occur when the demand for our services is on the rise.  In simple terms, there will be more work than companies to perform in our space so margins will increase dramatically.”

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 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.

 
 

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