Rahway, NJ, May 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Doug Heck, CEO of Spectacular Solar, Inc. (a Nevada Corporation) (OTCPK: SPSO), is pleased to announce that the company has added two new contracts that will generate $600,000 in revenue, increasing the total revenue derived from contracts in 2019 to almost $6 million.
Both ventures will showcase the professionalism and efficiency of Star Power Services, a subsidiary of Spectacular Solar. The project in Fanwood, NJ is a combination of construction and solar for a hybrid building and the Cheers Wine & Spirits job is a 16,000-square foot commercial building renovation.
“Star Power is front and center for both of these projects and I am confident the finished product photos will yield subsequent contracts when people see the high quality of work completed,” Heck said. “The Fanwood project is especially challenging because we are renovating a building with three apartments situated on top of three commercially leased properties.”
In addition to the construction element in Fanwood, Spectacular Solar will also complete a solar installation capable of handling 25kw of solar power.
“While these projects don’t have a high-profile, multimillion-dollar price tag, they are equally important to Spectacular Solar,” Heck said. “We want to show potential clients that no matter how big or small their needs, Spectacular Solar has the ability to meet those needs and exceed their expectations.”
The client base continues to expand. Heck is in the final stages of negotiations for a multi-phase solar project and the joint venture announced last week appears to have a struck a chord with a new group of customers.
“The three-phase solar project for a local tool and die company is expansive and we are already reaping value from our partnership with SkyVue,” Heck added. “By the time the investor call takes place in June, it is possible we could eclipse revenue totals from all of 2018.”
The investor call will take place on June 3 at 4:15 EDT. During this call, Heck will deliver a “State of the Company” address and will answer questions from investors. Anyone who wishes to submit a question should send their inquiry to info@spectacularsolar.com.
For more information: please visit http://www.spectacularsolar.com and please follow us on Twitter: @SPECTACULARSOL1
Contact: Gregg Boehmer: laynemichaelpr@gmail.com
Wyndham Hotel Project Video: https://www.youtube.com/watch?time_continue=74&v=BPLKjgdFaOw
About Spectacular Solar, Inc.: Spectacular Solar is a diversified company involved in solar system installations, investment fund management, and roofing contracting through its subsidiaries. DC Solar Integrators designs and installs state-of-the-art solar conversions for home and business owners. Star Power Services is a bonded and licensed roofing contracting company with expertise in new roof installation, repairs, and maintenance. The Solar Energy Investors Fund contributes to the ongoing insurance expenses directly associated with installation of solar systems. In return, the fund receives a share of tax benefits and ongoing revenue generated from electricity sales.
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This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company doesn’t undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results, expressed or implied, in this or other company statements will not be realized. Readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.