ALAMO, CA, March 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Social Detention Inc. SODE, would like to provide an update of our progress in acquiring companies that will provide revenue/profit growth, market share capture, first class management and a milestone on our journey to become a Billion Dollar Company. Based on our company structure and cash flow Social Detention Inc. is a best of breed public company poised to pounce on opportunities that solidify our core values:
· Above Market ROI
· 30% Plus Return on Cash Deployed for Working Capital
Mr. Robert P. Legg II, President/CEO of Social Detention Inc. (SODE), was quoted as saying, “Almost every day we are approached by industry veterans with opportunities to acquire well established and first class managed companies. These companies are attracted to our share structure and rock solid corporate experience. We narrow down our interest based on companies who have revenue, can provide SODE with an unfair advantage in the market and who have provided steady/predictable earnings over an extended time frame. We simply will not acquire companies to grow the top line but focus on companies that can add to the bottom line. We are in the final stages of finalizing several deals that will keep our share and cash position strong. I look forward to sharing these extraordinary opportunities as they fully materialize.”
For more information about Social Detention Inc. visit www.sodetention.com.
FORWARD LOOKING STATEMENTS
Except for historical information, this news release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve unknown risks, and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Important factors that might cause such differences are discussed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.
ROBERT P. LEGG II