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