Business
Social Detention Inc. (SODE) Receives $1.2 Million Contract
Social Detention Inc. (SODE) Receives $1.2 Million Contract.
About this update from Social Detention, Inc.
[{"type":"text","content":"\n\n\n\nSocial Detention Inc. (SODE) Receives $1.2 Million Contract\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSocial Detention Inc. (SODE) Receives $1.2 Million Contract\nPR Newswire\nALAMO, Calif., Feb. 9, 2018\n\n\n\nALAMO, Calif., Feb. 9, 2018 /PRNewswire/ -- Social Detention Inc. (OTC Pink: SODE) recently announced that it has received a service contract for $1.2 Million from TADRC Inc. The contract consists of engineering, estimating, project management and professional services.  The contract value will be included in Social Detention's 2018 revenue.  The contract will help boost the company's top-line growth in the near term.\n\nRobert Legg, President and CEO of Social Detention Inc., stated, \"We are very pleased with this award.  Our service side of the business is a high margin, with no risk, division we are continuing to grow.  Our current backlog is at an all time high and we are negotiating with several companies to acquire without the need for debt financing.  In addition, the President's $1.5 Trillion Infrastructure Plan cannot be overstated in the opportunity provided to our company.  There are only so many qualified (public) infrastructure firms that can meet the demand.\"\n\nThe company anticipates to gain from increased backlog and continuous success in winning new projects, combined with the benefits expected from the FAST Act, California's SB1 transportation bill, and several large voter-approved transportation funding measures.\n\nSocial Detention Inc. expects a significant volume of prospective opportunities and bidding activities for infrastructure and security projects over the next several years. The strength of the underlying demand will likely support its long-term outlook for growth and profitability.\n\nFor more information about Social Detention Inc. visit www.sodetention.com.\n\nContact: Social Detention Inc. Robert P. Legg II [email protected] \n\nFORWARD LOOKING STATEMENTS\n\nExcept for historical information, this news release contains forward-looking statements, within the meaning of Se...