Social Detention, Inc. (OTC:SODE) -
Breaking News - May 24, 2018
Social Detention Inc. (SODE) Announces Strategic Partnership Agreement with CA
Government Contractor
ALAMO, CA - May 24, 2018 - Social Detention, Inc. (OTC:SODE)
recently announced that it has executed an agreement with DME Inc. to procure,
perform and share profits on California Contracts. This partnership allows
Social Detention Inc. to participate on proposals that are reserved for specific
companies with certain classifications. The agreement is effective May 21, 2018.
The profit share is 50/50 and recognized as contract revenues are received. We
anticipate the revenue for the next twelve months under this agreement to be
$2-5m with profit of $600k to $1.5m and $5m to 10m in Year 2 with profit of
$1.5m to $3m.
Robert Legg, President and CEO of Social Detention Inc., stated, “The execution
of this agreement provides an additional stream of revenue that was not
available to Social Detention Inc. We have already submitted several proposals
under this agreement and expect to reap the rewards in the coming months. This
agreement did not involve any cash or equity considerations so it will not
affect profitability or authorized share structure. The combined entities offer
an unmatched service offering in this space. Please note we are in negotiations
to finalize similar agreements with other firms in the security and
infrastructure space aggressively.”
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
blegg@sodetention.com
Source: Social Detention Inc.
Social Detention Inc. (SODE)
Awarded Contract(s) for Multiple Infrastructure and Security Projects Totaling
Over $900,000.00
ALAMO, CA - May 22, 2018 - ELLA, a subsidiary of Social Detention,
Inc. (OTC:SODE)
recently announced that it has been awarded (written and verbally) several
projects in California. The projects consist of building security and
infrastructure repairs. Combined Contract value is over $900,000.00. The
contract(s) will begin in May 2018.
ELLA is a general contracting, general engineering and specialty contracting
company in California and offers comprehensive construction services across the
Western Pacific region.
The contract's value will be included in Social Detention Inc.’s 2018 Second
Quarter revenue. The contract will help boost the company’s top-line growth in
the near term.
Robert Legg, President and CEO of Social Detention Inc., stated, “The award of
these projects demonstrates our ability to perform in all our divisions. As we
venture through the second quarter 2018 we have built a platform to excel us to
next level. Our backlog is at an all time high and the bid market is at the
highest profit margin level I have seen in my 28 year career. Negotiations
continue on several acquisitions as well. We are in due diligence on three
acquisitions that will be equity based without diluting our current authorized
shares or cash position.”
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
blegg@sodetention.com
Source: Social Detention Inc.
Social Detention Inc. (SODE)
Generates Record Revenue in Q1 and Forecasts Continued Growth in Q2
ALAMO, CA - April 24, 2018 - Social Detention, Inc. (OTC: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
blegg@sodetention.com
Source: Social Detention Inc.
Social Detention Inc. (SODE)
Acquires Social Media Correctional Website Company www.socialdetention.com to
Create Marketplace
ALAMO, CA - March 26, 2018 - Social Detention, Inc. (OTC:SODE)
recently announced it has acquired 100 percent of the company
www.socialdetention.com and will launch a marketplace to compliment the social
media forum.
www.socialdetention.com is a social media website for members of the corrections
industry. The corrections industry is a $200 Billion Dollar per year industry
according to the Bureau of Justice. www.socialdetention.com allows decision
makers, vendors, suppliers, and facilities to interact. Terms of the deal were
not disclosed but Social Detention Inc. did not use stock or create any debt
with acquiring www.socialdetention.com and does not expect it to have a negative
impact on
cash flow or earnings.
Robert P. Legg II, President of SODE, was quoted as saying, “We are very pleased
to acquire www.socialdetention.com. The website is a fantastic fit to our
corrections and security industry business unit. The platform will allow us a
home for a marketplace to sell our goods and services with a built in customer
base. I expect the revenue and growth for www.socialdetention.com to increase
dramatically becoming part of Social Detention Inc. as we put our resources and
team behind it.”
Social Detention Inc. expects to aggressively continue due diligence on current
purchase targets and search for other companies to acquire in the
infrastructure, security and marijuana industry. Several opportunities are
currently being reviewed.
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.
Contact:
Robert P. Legg II
925-575-4433
blegg@sodetention.com
Source: Social Detention Inc.
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About Social Detention, Inc.:
OMPANY
Social Detention Inc. is a publicly traded Company (Ticker:SODE) founded by
Robert Legg. Mr. Legg has 20 years of Security and Infrastructure experience
with a track record of taking companies from startup to multi million dollar
revenue producers and leveraging for high return on investment. 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.
MISSION
Our company thrives when it pleases its customers, its employees, its partners
and its investors.
> Customer Commitment- We develop relationships that make a positive difference
in our customers eyes.
> Quality- We provide outstanding service and commitment, that together, deliver
premium value to our customers.
> Integrity- We uphold the highest standards of integrity in all our actions.
> Teamwork- We work together, across boundaries, to meet the needs of our
customers and to help the company win.
> Respect for People- We value our people, encourage their development and
reward their performance.
VISION
Give customers and investors the most compelling and rewarding experience
possible.
SOURCE: http://sodetention.com/
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