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Social Detention Inc. Discusses the Infrastructure Market and Exciting Opportunities with Uptick Newswire’s Stock Day Podcast
Social Detention Inc. Discusses the Infrastructure Market and Exciting Opportunities with Uptick Newswire’s Stock Day Podcast.
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[{"type":"text","content":"\nPHOENIX, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Social Detention Inc., (OTC Pink: SODE) (the “company”) is a security and infrastructure company. President of the company, Robert Legg, talked with Stock Day’s Everett Jolly about the infrastructure market and new opportunities that lay ahead.\n “We do perimeter security, that’s what makes any structure secure,” started Legg. “A courthouse, a police station, any publicly owned building that needs security cameras, hardware, doors, items like that. On infrastructure, that’s basically everything you see. That’s roadways, that’s pipelines, that’s cement, that’s asphalt. It also ties into security a little bit because you have cameras on freeways. So, that’s our basic two core areas.” Legg went on to say their customers are typically public entities like the government, county, local, state, cities and towns. He said they focus on public works. “That’s good because it does two things, one, we know we are going to get paid. It’s public money. Two, traditionally there’s a pipeline between because every city, town, and entity has a budget,” he explained. “To keep people driving around town you have to do infrastructure. It’s a good steady source for us on the infrastructure side.” Legg told Jolly that on the security side of the company there is also steady revenue, because as populations increase so do the security needs. He explained that some of the work that they do is incarceration facilities, so more people in the U.S. percentage wise translates to more people in jail. “We have two solid models. On the infrastructure side it’s a unit model, we are paid for what we do. On the security side it’s usually a lump sum bid.” Jolly then said he read that construction was stagnate, so he asked how Legg grows and business and where he sees it going from here. “Yes, it was stagnate,” said Legg, “the few that survived, like myself, were very smart and basically we did work at a profitable margin. There was a lot of companies that went out there and just did work at a loss to survive. What’s different now is that there are fewer players.” Legg said the two downturns, the last one being in 2008, weeded out the weake...