Alpine 4 Holdings’ (ALPP) Subsidiary, Morris Sheet Metal, Awarded $2.9M in New Building Projects with their Food Processing and Healthcare Clientele

Rhea-AI Summary

Alpine 4 Holdings (ALPP) announced its subsidiary, Morris Sheet Metal (MSM), secured $2.9 million in new building projects in January, primarily in Healthcare and Product Distribution. This achievement surpasses typical quarterly bookings as demand for previously delayed projects rises post-COVID. CEO Kent Wilson noted historic demand levels, indicating a potential record year ahead. MSM specializes in HVAC services and has operated since 1998, emphasizing innovative and synergistic business practices.

Positive

• Morris Sheet Metal awarded $2.9 million in new contracts in January.
• Strong demand signals potential record revenue for 2021.
• Projects span Healthcare and Food Process Manufacturing sectors.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / February 11, 2021 / Alpine 4 Holdings, Inc. (OTCQB:ALPP), a leading operator and owner of small market businesses, is pleased to announce that its subsidiary, Morris Sheet Metal (MSM), was awarded $2.9M in new building projects with their Healthcare and newly acquired Product Distribution clientele in January alone.

These record setting January bookings would typically be generated over the course of a quarter. Many projects were placed on hold in 2020 due to COVID. With all of the pent-up demand, MSM's services are in need more than ever, as these previously delayed projects become available for bid and implementation. Alpine 4's Indiana based subsidiaries are seeing lost revenue flow back to them as these projects are released.

Tom Laubhan, President of Morris Sheet Metal and JTD Spiral, had this to say, "We are forecasting a very strong 2021. The first six weeks have brought us over 2.9MM in new contract work. Our new work is spread across various industries, with a large focus in Healthcare, and Food Process Manufacturing facilities."

Kent Wilson, CEO of Alpine 4, had this to say, "Every time we begin a new year, we can usually gauge how well that year will run for revenue based on the level of work received in the first 45 days. The demand for Morris's services is at historical levels and leads us to believe that 2021 will be a record year for the Morris Sheet Metal team. To all the employees' great job, and keep up the fantastic work!"

Morris Sheet Metal is a full-service HVAC Contractor and custom sheet metal fabricator offering design, fabrication and installation services to its clients since 1998.

https://www.morrissheetmetal.com/

About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a publicly traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to have collaborate across varying industries, spawn new ideas and create fertile ground for competitive advantages.

Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.

Contact:

Investor Relations
investorrelations@alpine4.com
www.alpine4.com

Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.

SOURCE: Alpine 4 Holdings, Inc.

View source version on accesswire.com:
https://www.accesswire.com/629314/Alpine-4-Holdings-ALPP-Subsidiary-Morris-Sheet-Metal-Awarded-29M-in-New-Building-Projects-with-their-Food-Processing-and-Healthcare-Clientele

FAQ

What new contracts did Alpine 4 Holdings (ALPP) secure in January 2021?

Alpine 4 Holdings' subsidiary, Morris Sheet Metal, was awarded $2.9 million in new building projects in January 2021.

How does the recent success affect ALPP's financial outlook for 2021?

The strong demand for Morris Sheet Metal's services suggests a potential record year for Alpine 4 Holdings in 2021.

Which sectors are driving new growth for ALPP's subsidiary?

Growth is driven primarily by the Healthcare and Food Process Manufacturing sectors.

What is the significance of the $2.9 million in bookings for ALPP?

The $2.9 million in bookings represents record-setting January activity, typically expected over a full quarter.