Looking over the SIRC news I was very pleased to see the announcement about retiring 12 million shares of the company stock. This action illustrates that the management here has direct concern for improving shareholder value and rewarding long term investors.
Solar Integrated Roofing Corp. (SIRC) has recently retired 12 Million shares of common stock
January 17, 2019 (PR Newswire) Solar Integrated Roofing Corp. (SIRC) or the "Company" is pleased to announce that it has recently retired 12 Million shares of common stock from its total outstanding share count of 73,134,433 ending December 31, 2018. This will bring our outstanding shares down to 61,134,433. We will not have to issue any more shares to fund our two current pending acquisitions. We are very happy with the number of outstanding shares this far to date. "The commitment by the Company to increase shareholder value is Job One. We continue to move forward on various fronts, and this share retirement is but the beginning," commented SIRC CEO, David Massey.
In other developments, Mr. Jim Diprima, CFO, has left the Company to pursue other endeavors. He is leaving the Company under mutually agreeable terms and a new CFO will be named shortly.
About Solar Integrated Roofing Corporation Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.com Investor Relations:Marlena LeBrun760-566-9116
Forward-Looking Statements: Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
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