Social Detention Inc. (SODE) Subsidiaries are Apparent Low Bidder on $1.1M of Infrastructure and Security Proposals, Company Update, CA Fire Opportunity and Share Retirement
ALAMO, CA, Dec. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Social Detention Inc. SODE, recently announced that its subsidiaries are the apparent low bidder on $1.1m of infrastructure and security proposals. These projects are for public agencies in California and we except potential awards in December 2018/January 2019. The projects consist of a county jail, public works building, multiple school locations and a public safety building.
The year of 2018 was a strong year for the Social Detention Inc. and our subsidiaries. We were awarded approximately $3m in contracts with a projected profit of over $800k. We made our projected margin on all projects and have earned several customers we can utilize for references on future work. Our pipeline of future work is abundant and margins are increasing. In addition, a few of the key driver’s for 2019 and beyond:
1. CA Senate Bill 1, $54 Billion for Infrastructure
2. BART Infrastructure Bill, $3 Billion
3. Proposed Federal Infrastructure Plan $1.5 Trillion
4. CA Fire Cleanup and Reconstruction $5 Billion Plus
In 2018 our main growth was through the Infrastructure and Security market. In 2019 we will utilize our earned financial resources to capitalize in other areas that fit our skill set such as:
Security Structures, Perimeter Security and Infrastructure for cannabis grow operations and dispensaries. We have formed several partnerships that will be disclosed in early 2019.
Blockchain and Cloud Construction applications for our large Public Customers. Our driving force is the hard side of construction and by partnering and developing soft side solutions for Public Customers we can reduce costs and save time on projects which ultimately drives our margins higher.
Acquiring companies, with earned equity, that will drive our growth profitably. We are in negotiations, on a daily basis with several companies currently.
Lastly, the company has identified and compiled 50,000,000 common shares that we intend to retire upon receiving Board Approval. We look forward to sharing more details as we continue on our journey to become a billion dollar company.
For more informationaboutSocial Detention Inc. visit www.sodetention.com.