Kolkata News Today

Social Detention, Inc. (OTC Stock: SODE) Builds Infrastructure and Grows Through Acquisitions

 Breaking News
  • No posts were found

Social Detention, Inc. (OTC Stock: SODE) Builds Infrastructure and Grows Through Acquisitions

August 31
13:00 2020
Social Detention, Inc. (OTC Stock: SODE) Builds Infrastructure and Grows Through Acquisitions
Current Contracts Delivering Strong Revenue for 2020
  • Established Infrastructure Builder with a History of Successful Contracts.
  • Highly Experienced Leadership with Over 20 Years of Experience. 
  • Latest Contracts for California Projects Delivering Strong Revenue.

Social Detention, Inc. (OTC: SODE) is in the business of building infrastructure. SODE has a long history of successfully winning contract awards for itself and for other parties. SODE management intends to grow through the acquisition of some of these very parties it has helped win awards. SODE President Robert Legg brings over 20 years of security and infrastructure experience and intends to leverage his long standing connections in the industry to build a network of small providers into a collective work force that will be able to be awarded multi-million dollar contracts as a sole source provider. His companies have been recognized nationally by Inc. Magazine and the San Francisco Business Journal Annually as one of the Years Fastest Growing Companies. His project experience is $1.5 Billion in cumulative value.

SODE management experience has been successful in winning contracts from $100K-$5 million for its partners and intends to build on those successes with its acquisitions to grow sales from within, instead of for outside parties, to gain new contracts in the multi-million dollar value range.

SODE Awarded $687,000 Contract and Completes $428,000 Contract

So far in 2020, SODE announced that its subsidiary has been awarded a new $687,000 building contract for a Public Parks District. In addition, the subsidiary has completed a $428,000 upgrade to a City Building. Both of these important projects are government owned and located in Northern California. 

As SODE grows the company is adding customer references, building supplier relationships and cementing its brand in the industry. With the successful SODE growth and track record, the company has been able to attack larger projects that have less competition as the smaller companies are not capable of performing them. 

Expansion Plans Through Acquisition to Address Multi-Billion Infrastructure Market Opportunity

Currently, SODE is poised to expand operations via the expansion of its bond lines and through the acquisitions. SODE intends to raise money to acquire these revenue generating companies in the construction industry markets. The SODE growth strategy is to capitalize on industry leadership and bidding expertise of the management to entice long time owners to sell out and retire. SODE will also be looking to acquire companies with complimentary markets, such as manufacturing of materials and material handling companies. in order to leverage their existing marketplace and distribution channels to cross market products from its subsidiary companies.

The US infrastructure industry is expected to grow steadily through at least 2022. The total output value of the infrastructure construction market reached US$326.6 billion in 2017 up from US$321.2 billion in 2012 – and will rise to US$396 billion in 2022 (in nominal value terms), corresponding to a 3.9% annual average growth rate.

The electricity and power sector account for the largest share of the project pipeline value at US$422.9 billion; this is followed by rail projects; airport and other infrastructure projects, road projects which make up for US$110.9 billion and water and sewerage projects valued at US$86.8 billion.

Administration in February 2018, released its infrastructure initiative to modernize the country’s infrastructure. The initiative, which is estimated to cost US$200 billion, seeks to spur US$1.5 trillion billion in state, local and private infrastructure investments over the next ten years, by giving incentives to project sponsors that can demonstrate innovative approaches to create new revenue sources for projects and improve procurement practices and project implementation. The infrastructure initiative also seeks to support rural communities through rural project grants, and speed up the delivery of large-scale infrastructure projects across the country with increased federal loan support. All of these projects represent a huge marketing and revenue growth potential for the long term SODE business plan.

For more information on Social Detention, Inc. (SODE) visit: www.sodetention.com

Media Contact
Company Name: Social Detention, Inc.
Contact Person: Media Relations
Email: Send Email
Phone: 925-575-4433
Address:3000 F Danville Blvd. Suite 145
City: Alamo
State: CA 94507
Country: United States
Website: https://sodetention.com/


Warning: count(): Parameter must be an array or an object that implements Countable in /home/kolkatanewstoday/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share