Social Detention Inc. (SODE) Subsidiary, Danliv Inc., Civic Square LLC Project Update

Rhea-AI Summary

Social Detention Inc. announces that its subsidiary, Danliv Inc., has secured a building permit and commenced construction on 10 Electric Vehicle Supply Equipment Chargers at the Civic Square LLC complex in Pleasanton, CA. This project, featuring 298 apartment units, is expected to have its construction costs fully offset by approved rebate incentives. Completion is anticipated in Q3 2022. CEO Robert P. Legg II states this venture will serve as a model for future projects, providing valuable insights into costs and revenue recognition.

Positive

• Danliv Inc. has begun construction on Electric Vehicle Supply Equipment Chargers, signaling project progression.
• Construction costs are expected to be 100% offset by approved rebate incentives.
• The project is anticipated to be completed in Q3 2022, enhancing future business opportunities.

Negative

• None.

LAMO, CA / ACCESSWIRE / July 19, 2022 / Social Detention Inc. is pleased to update that its subsidiary, Danliv Inc., has received its building permit and has begun construction of the (10) Electric Vehicle Supply Equipment Chargers on the property. Civic Square LLC is a 298 Unit apartment complex in Pleasanton, California. Upon final inspection, the Electrical Vehicle Supply Equipment will be put into operation and Danliv Inc. will begin site operations and revenue recognition per our agreement. The approved rebate incentives will be requested, and we anticipate based on the terms of the agreement and incentives received, the project will have construction costs 100% offset. Project completion is scheduled for Q3 of this year.

Robert P. Legg II, President/CEO of Social Detention Inc, recently stated, "The progress and upcoming completion of the Civic Square LLC. has completed several milestones. From design, permit submittal/approval, construction and eventually the chargers coming online completes the full circle for this project. This project will serve as a model for future projects and will provide invaluable data on hard costs, revenue recognition and costs to operate as we pursue future opportunities."

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:

Robert P. Legg II
blegg@sodetention.com

SOURCE: Social Detention, Inc.

View source version on accesswire.com:
https://www.accesswire.com/708935/Social-Detention-Inc-SODE-Subsidiary-Danliv-Inc-Civic-Square-LLC-Project-Update

FAQ

What is the project update for SODE as of July 2022?

Social Detention Inc. reported that its subsidiary Danliv Inc. is constructing Electric Vehicle Supply Equipment Chargers at Civic Square LLC, expected to complete by Q3 2022.

How will the construction costs of the Civic Square LLC project be managed?

The construction costs for the Civic Square LLC project will be 100% offset by approved rebate incentives.

What will the Civic Square LLC project provide for future opportunities?

The Civic Square LLC project will serve as a model for future projects, generating data on costs and revenue recognition.