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 Completes Infrastructure Project and Awarded Security Contract - EconoTimes)
ALAMO, CA, March 20, 2018 -- ELLA, a subsidiary of Social Detention Inc. (SODE), recently announced that it has reached substantial completion of an infrastructure project with the City of Walnut Creek. In addition, ELLA was awarded a security contract for the Ron Dellum’s Federal Courthouse.
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 second 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 very pleased to complete the Walnut Creek project on time and within budget. The award of the security contract indicates we are growing in both our infrastructure and security divisions. Project procurement is increasing dramatically as we are literally being inundated with requests for our services. We see margins rising and competition shrinking as more funding is being introduced to our pipeline. The Trump Infrastructure Plan will only further ignite the demand.”
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.
Social Detention Inc. [email protected]
