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 Generates Record Revenue in Q1 and Forecasts Continued Growth in Q2 - EconoTimes)
Alamo, CA, April 24, 2018 -- Social Detention Inc. (SODE) had profitable revenues of over $400,000 in the first quarter of 2018. All divisions completed projects on time and within budget. In addition, the company is building a brand and strong reputation in the security and infrastructure space for providing first class service in a timely fashion. The second quarter of 2018 is on a record pace as well and the company is forecasting profitable revenues in the $1,300,000 to $1,500,000 range based on current backlog, outstanding proposals and pending awards.
Mr. Robert P. Legg II, (President/CEO) of Social Detention Inc., stated, "We are pleased with our progress but are simply building a base and will not be satisfied until we are a much larger and more profitable company. We have come full circle winning projects, completing profitable project and gaining customer references. With the upcoming trends in the infrastructure and security market I see no limit to our growth as we focus on the bottom line and rewarding shareholders."
Several factors that are key to Social Detention's growth are the pending $1.5 Trillion Infrastructure Plan of the current administration, increased school security, the annual $7 Billion CAL TRANS budget, the $3 Billion BART Measure, the $9 Billion CDCR Budget and the many Bond Measures passed for infrastructure and schools.
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.
ROBERT P. LEGG II 925-575-4433 [email protected]
