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Home Commodities

Social Detention, Inc. (OTC Pink: SODE) Ready To Capitalize On California Governor Jerry Brown’s Budget Increase For Improving Transportation Infrastructure

by admin
September 20, 2018
in Commodities, Sponsored
0
Social Detention SODE Government Spending Infrastructure Development News Investing

Social Detention SODE Government Spending Infrastructure Development News Investing

Sacramento, CA, Sept. 20, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — A new report has been published on Social Detention, Inc. (OTC Pink: SODE). Social Detention, Inc. is an Alamo, CA-based infrastructure company, which primarily operates across public construction projects, including: courthouses, schools, jails, highway construction, water, and more. The company also operates a cannabis infrastructure division, ELLA, which has already secured two contracts to build commercial facilities in California.

The report provides an overview of the United States’ aging infrastructure, Trump plans, and the planned budget increases in Governor Brown’s 2018-19 budget. The report also details Social Detention, Inc.’s ability to benefit from any massive spending boost and other non-public construction ventures.

California Governor’s Budget Features 23% Increase In Funding For Transportation Departments and Projects 

In February 2018, President Trump unveiled his $1.5 trillion infrastructure plan. The plan calls for $200 billion in direct federal funding, while local, state, and private investors are expected to fill the remaining gap. President Trump’s plan would also feature sweeping regulatory changes to the permit application and review process.

Ultimately, it is unclear to estimate and determine how much of Trump’s direct funding efforts will be directed towards California infrastructure improvements. However, California does not plan to wait around for federal help, as Governor Jerry Brown’s budget for 2018-19 features funding increases for infrastructure improvements.

The governor’s budget includes a total of $22.5 billion in funding to be allocated for transportation departments and programs. This represents an increase of 23% or $4.2 billion from the previous budget. The budget includes funding of $13.6 billion directly to the California Department of Transportation (Caltrans).

According to Bloomberg Intelligence, transportation infrastructure is at the top of the list in terms of greatest improvement needs. Analysts estimated that U.S. government spending on transportation infrastructure could be as much as $306 billion annually within the next ten years. This compares to 2016 spending of $245 billion.

Social Detention: Strong Outlook Thanks To Increased CA Budget For Infrastructure Improvements

Social Detention, Inc. is an Alamo, CA-based infrastructure company, which primarily focuses on public construction projects. The company has a long history of securing $1-5 million contracts to build courthouses, jails, schools, highway, water, and other infrastructure projects.

Social Detention President, Robert Legg, is a key driving force behind the strong growth at the company. Mr. Legg has over 20 years of experience building and running profitable companies. He has long standing connections related to infrastructure projects and intends to leverage these to build a network of small providers into a collective workforce that will be able to be awarded multi-million-dollar contracts as a sole source provider.

The company is in a fantastic position to continue to capitalize on the growing budgets for infrastructural improvements at the local, state, and federal levels. While the Trump plans continues to take a back seat for the time being, the Governor Brown budget for the coming year presents even bigger news for Social Detention.

In July 2018, Social Detention announced plans to develop own blockchain technology to help solve common problems within the construction and infrastructure industries. While the company’s goal is not to shift into a blockchain business model, the technology will allow for greater efficiencies.

The blockchain technology ends the need for a person to sign off and release payments, takes finance teams out of the process thereby accelerating payment times. This marks an important step in maximizing earnings and cash flow potential.

At mid-year, there was $835k of current assets against just $480k of current liabilities. With no long-term debt burden, shareholder equity totals $343k. That is quite admirable for any fast-growing company.  Second quarter revenues were reported at $1.1 million compared with the March quarter report showing $413k.  Adding net income from both quarters yields a total of $299k.  This means the company is providing investors with impressive returns.

Social Detention was also featured on Spotlight Growth Live, a video web-series focused on highlighting emerging growth companies. To view Social Detention’s episode, please visit: https://spotlightgrowth.com//video/

For more information on Social Detention, Inc., please visit https://sodetention.com and https://spotlightgrowth.com//2018/09/19/social-detention-inc-otc-pink-sode-serving-the-need-for-big-government-spending/

SpotlightGrowth.com is a digital hub for micro-caps, small-caps, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small cap companies.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand five hundred dollars cash for the creation and dissemination of this content.

This material does not represent an investment solicitation. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com//disclosures/

Tags: acquisitionBay AreablockchainCaliforniacommoditiescommon stockcontractsemerging growthenergygovernmentgovernment spendinggrowthinfrastructureinvestinginvestmentJerry BrownmanufacturingMergermicrocap stocksnewsotc marketspublic companypublic worksrevenuesalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstradingTrump
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