Solar Integrated Roofing Corp. (OTC PINK: SIRC) engages an investment banking firm to introduce SIRC to potential acquisition targets as well as accredited investors, analysts and brokers; SIRC is seeking exposure to the International Monetary Investor Network

Solar Integrated Roofing Corp. (PINK OTC: SIRC) yesterday retained International Monetary (IM), an investment banking and strategic advisory firm, for two reasons. First, introduce SIRC to its national network of accredited investors, analysts and brokers. Second, to help identify acquisition targets—companies that can be integrated into SIRC’s organizational structure.

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Solar Integrated Roofing Corp. (PINK OTC: SIRC) engages a merchant banking firm to introduce SIRC to potential acquisition targets as well as accredited investors, analysts and brokers; SIRC is seeking exposure to the International Monetary Investor Network

SIRC’s continued IM is a strategic business decision. David Massey, President and CEO, said: “IM will be a valuable partner heading into 2022 as we continue to focus on identifying acquisitions to leverage our extensive network and generate incremental revenue through to synergies and cross-selling. Our goal is to find sound, attractively priced companies and integrate them effectively into our corporate structure, and we believe that IM will help us market our compelling growth story to their network of investors.

Mr. B. (Blaine) Riley III, Managing Director and President of IM, adds, “Solar Integrated Roofing’s rapid pace of acquisitions and growth makes it an ideal customer for IM, and we are delighted to support the company. in his journey with our experienced team. team.

“Through our strategic advisory arm, we will harness the power of an extensive network of accredited investors, institutions, funds, underwriters and lenders. We believe the company’s leading national brand and long list of accomplishments will continue to generate record revenues, and we look forward to contributing to their continued expansion efforts.

SIRC continued to make significant financial gains. Solar Integrated Roofing Corp. (PINK OTC: SIRC) engages a merchant banking firm to introduce SIRC to potential acquisition targets as well as accredited investors, analysts and brokers; The SIRC seeks to make itself known to the network of investors of International Monetary.

Solar Integrated Roofing Corp. (PINK OTC: SIRC) announced a record sales jump of 964% in the third quarter of fiscal 2022 to $48.2 million, compared to $4.5 million for the comparable period a year earlier. SIRC also sees itself “significantly surpassing” its earlier forecast of $100 million in revenue for the 12 months ending May 31, 2022. Its annual operating rate is now approaching $200 million, the company said.

David Massey, President and CEO, commented: “The third quarter of fiscal 20222 was marked by record revenue of $48.2 million, driven by the seamless integration of our growth acquisitions. fast, high-margin and our evolution into a truly national brand.

“The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible revenue record, and we are aiming to significantly exceed our fairly conservative forecast of $100 million in revenue in the twelve months ended May 31, 2022.

“However, this is only a fraction of the pace of execution that I believe we can achieve by the end of this calendar year with significant sequential growth throughout CY 2022. It is impossible for me to d ‘overstate what a triumphant achievement this quarter represents, serving as both a milestone and a turning point in the company’s history,’ he adds.

Massey also says SIRC intends to redouble its efforts to become an equally dominant national player in electric vehicle charging, with a view to exponential, bi-industry growth and increased focus. on creating value for shareholders.

SIRC also recorded a net profit for the third quarter of fiscal 2022 of $18.4 million, compared to a net loss of ($0.6 million) in the third quarter of fiscal 2021.

To improve profitability, the Company has adopted a targeted program designed to achieve cost synergies across the SIRC family of companies. The program would realize a shared enterprise infrastructure to reduce costs and improve operational efficiency.

Earlier, SIRC’s Massey announced that the company had applied to be listed on the OTCQB exchange. Solar Integrated Roofing Corp. (PINK OTC: SIRC) engages a merchant banking firm to introduce SIRC to potential acquisition targets as well as accredited investors, analysts and brokers; The SIRC seeks to make itself known to the network of investors of International Monetary.

He said: “Our OTCQB listing marks an important milestone for our company and will help drive shareholder value as well as our strong organic growth of our complementary solar, roofing and vehicle charging brands. electrical.

He commented: “Joining the OTCQB raises our profile within the investment community, which we hope will help improve liquidity, broaden our shareholder base and position us for a future listing on the NASDAQ,” he concluded.

Member companies must be up-to-date with their reports and undergo an annual audit and management certification process. OTCQB standards provide a solid foundation of transparency as well as the technology and regulation to improve the information and trading experience for investors.

Massey added, “We believe our recent acquisitions, rapid sales growth and transformation into a national brand will accelerate this goal. In addition, trading in this established public market will help generate exposure of our company to institutional investors.

Solar Integrated Roofing Corp. (PINK OTC: SIRC) engages a merchant banking firm to introduce SIRC to potential acquisition targets as well as accredited investors, analysts and brokers; SIRC is seeking exposure to the International Monetary Investor Network

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock market press

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