Social Detention Inc. (SODE) Bolsters EV, Hydrogen and Green Infrastructure Portfolio with Acquisition of Danliv Inc.
Social Detention Inc. (OTC PINK:SODE) has finalized the acquisition of Danliv Inc. for 100% of its stock, using restricted equity shares as payment. The deal, executed on March 11, 2021, is expected to close in the first quarter of 2021. Danliv holds multiple licenses to build EV, Hydrogen, and Green Projects in California, aligning with state mandates for zero-emission vehicles by 2035. This strategic acquisition positions Social Detention to address the growing infrastructure needs for clean energy projects at both state and federal levels.
- Acquisition enhances SODE's capabilities in EV, Hydrogen, and Green Infrastructure.
- Aligned with California's 2035 zero-emission vehicle mandate, ensuring future demand.
- Potential to meet national clean vehicle requirements, broadening market reach.
- Possibility to capitalize on future infrastructure spending, particularly if Infrastructure Bill passes.
- None.
ALAMO, CA / ACCESSWIRE / March 16, 2021 / Social Detention Inc. (OTC PINK:SODE) is pleased to announce the acquisition of Danliv Inc. The stock purchase agreement was executed on 3/11/21 for
Danliv Inc. is a licensed A General Engineering, B General Building, C-10 Electrical and C-20 Warm-Air Heating, Ventilating and Air-Conditioning contractor in the State of California. These are the required licenses to perform and provide the construction of EV, Hydrogen and Green Projects all from one source. On September 23, 2020, The Office of the Governor Gavin Newsome announced an executive order that directs state to require that, by 2035, all new cars and passenger trucks sold in California be zero-emission vehicles. (www.gov.ca.gov) With this order we anticipate a current and future tremendous need for our services to build the EV, Hydrogen and Green Infrastructure the State has mandated.
In addition to the State of California, the Federal Government has announced they intend to replace their enormous fleet of vehicles with clean electric vehicles (@ABCNewslive 1/25/21) and we intend to meet that need on a national level as well. Lastly, with this acquisition we have the necessary licenses and entity to meet the enormous infrastructure needs of the much discussed Infrastructure Bill when and if passed.
Robert P. Legg II, President/CEO of Social Detention Inc, announced the acquisition stating, "Danliv Inc. provides us the vehicle to obtain and perform EV, Hydrogen and Green Infrastructure Projects not only in California but on a national level as well. This marks and important step forward for Social Detention Inc. and opens up opportunities for growth and revenue recognition."
Safe Harbor Statement
This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.
Contact Information:
Robert P. Legg II
blegg@sodetention.com
SOURCE: Social Detention Inc.
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