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July 12, 2021, 11:12 a.m. EDT

Solar Integrated Roofing Corp. (otc pink:SIRC) Sets First Live Investor Q&A Session For July 19 On A designated Discord Channel, Aiming To Interact And Create A New Transparent Dialogue With The Investment Community

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Jul 12, 2021 (Stock Market Press via COMTEX) -- Solar Integrated Roofing Corp. (OTC PINK: SIRC) will conduct its first live Investor Q&A on July 19, 2021 at 7 p.m. EST on a designated Discord channel. David Massey, CEO of SIRC, said the move represents the company's commitment to improving communications with its shareholders and the entire investment community. To sign up go to MediaTek Discord at http://discord.com/invite/mediatek or www.discord.com to open a link to a free account.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. /zigman2/quotes/205021014/composite RUN -2.40% , Blink Charging Co. /zigman2/quotes/205311237/composite BLNK -5.27% , Tesla, Inc. (NASDAQ: TSLA), GM /zigman2/quotes/205226835/composite GM -1.10% , SolarEdge Technologies, Inc. /zigman2/quotes/207754270/composite SEDG -1.87% , First Solar, Inc. /zigman2/quotes/209356097/composite FSLR -0.07% , SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. /zigman2/quotes/204241548/composite ROCK -0.89% , Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sets First Live Investor Q&A Session For July 19 On A designated Discord Channel, Aiming To Interact And Create A New Transparent Dialogue With The Investment Community

David Massey, SIRC CEO, said, "This is a great opportunity to increase our engagement and interact with investors about our company's tremendous progress while creating a new avenue for transparent dialogue with the investment community. Participating in a discord Q&A demonstrates our commitment to improving communications with our shareholders and investors. We look forward to the event."

Shareholders are already posting questions for the live meeting in advance. They include SIRC stock message board inquiries regarding the status of government grants applied for by SIRC or JV partner, Soletrac; outlook for the solar market; has the company been approached by any firm interested in acquiring it; what is the status of SIRC hiring a CFO; is the company talking to any OEM car manufacturers about doing an EV charging station partnership deal like Sunrun (NASDAQ: RUN) did with Ford (NYSE: F); are all of the projects sold by (acquired) Future Home Products (FHP) going to SIRC crews for installation; and a request for an update on SIRC's up list plans.

The questions scheduled are wide-ranging and significant to SIRC. They address opportunities available to the Company and of great interest to its shareholders and potential investor audience. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sets First Live Investor Q&A Session For July 19 On A designated Discord Channel, Aiming To Interact And Create A New Transparent Dialogue With The Investment Community.

SIRC has participated in other Small Cap virtual conferences, with presentations and Q&A sessions. But this is its first Q&A live session on the Discord Channel.

Timing for the Q&A session could not be better. SIRC recently announced that it achieved an 87% jump to $17.1 million for its FY 2021 ended February 28, 2021. That compares to $9.1 million the prior year. Gross profits increased by 144% for the 2021FY To $3.5 million -- representing 20% of total revenues -- compared to $2.4 million the prior year, or 26% of revenues in FY2020. SIRC continued its acquisition spree during the year and reaffirmed its guidance figure of at least $100 million in sales in the 12 months ended May 31, 2022. It also "expects" to reach profitability in FY 2022, it said.

Solar Integrated Roofing Corp. (OTC PINK: SIRC), in addition to the record- breaking volume performance in FY2021 was also focused on plans to upgrade to the OTCQB Venture Market as a fully reporting company. It plans to refile its Form 10 as it needs to audit each of the companies it acquired as a fully reporting company. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sets First Live Investor Q&A Session For July 19 On A designated Discord Channel, Aiming To Interact And Create A New Transparent Dialogue With The Investment Community.

David Massey, CEO of SIRC, said, "Fiscal 2021 was a record year for Solar Integrated Roofing and we believe we have positioned the Company for an even more exciting fiscal 2022. Over the course of the year our team has worked tirelessly to integrate our acquisitions and continues to seek new opportunities for growth. The solar, roofing and battery market continues to grow, and our brands are capturing additional market share. With our exceptional portfolio of companies and ongoing organic growth, we look forward to sharing our future achievements with our shareholders."

He added, "The acquisitions drove annual revenues to a record $17.1 million and set us on a course to achieve at least $100 million in the twelve months ended May 31, 2022. Our focus on rapidly growing, high margin acquisitions has significantly grown sales, allowed us to now capture the full lifecycle of our customers, and brought new synergies and efficiencies across the SIRC family of companies. Due to this, we expect to achieve profitability in FY 2022."

In FY 2021, SIRC acquired Future Home Power, Balance LLC, Pacific Lighting Management or PLEMCo., Cornerstone Construction and Enerev LLC. All of them are in the solar, roofing, battery storage and back office space. Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sets First Live Investor Q&A Session For July 19 On A designated Discord Channel, Aiming To Interact And Create A New Transparent Dialogue With The Investment Community.

Massey noted that this accelerated pace of acquisitions has grown SIRC into a national firm: "Our success has transformed our company into a national brand with services now spanning solar, battery backup, EV charging, roofing installation, HVAC work, electrical contracting and back-office technology support."

Massey also said, "During the quarter we also focused efforts on our audit and transition to a fully reporting company in anticipation of an up list to the OTCQB Venture Market. We added several highly respected directors to round out our Board and engaged MZ Group, a leading investor relations firm, to lead our communications program. Due to the rapid pace of acquisition, and the need to audit each of the newly acquired entities, we now plan to refile our Form 10 as soon as possible."

Not only did SIRC report record breaking volume in FY2021, it also reported a 144% sharply higher gross profit of $3.5 million compared to $2.4 million the prior year. Also, SIRC in FY2021 reduced as a percentage of sales its operating expenses. In FY2021, operating expenses were $7.8 million -- or 46% of sales. In the prior fiscal year, SIRC had operating expenses of $5.9 million, or 65% of sales.

Massey said SIRC reaffirms its $100 million revenue guidance for the 12 months ended May 31, 2022. Earlier Massey said, "We accelerated our rapid pace of acquisitions in 2021, rolling up roofers as well as solar and battery installers -- creating a true platform company with the back office and sales capabilities to scale nationwide. When taking into account our recently acquired companies, we've built a significant customer base across the SIRC family of companies. While there is seasonality inherent to our business and the revenue will not be divided evenly month to month, we expect that we will generate at least $100 million of revenue over the next 12 months with the acquisitions we have announced to date."

If SIRC Further Populates Its Acquisition Pipeline, The $100 Million Guidance Figure Could Grow

Massey added, "We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term."

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