Tiderock Companies, Inc. to Form Joint Venture with Established Solar Company

Rhea-AI Summary

Tiderock Companies, Inc. has entered into a joint venture with a regional solar company to open a Nationwide Sales Center for a multi-state expansion program. The partnership aims to leverage Tiderock's industry connections to expand the solar company's operations nationwide.

Positive

• Tiderock's joint venture with the solar company could lead to immediate revenue recognition upon closing.
• The partnership provides the solar company with access to Tiderock's experienced management team.
• The solar company's operations will expand from three states to a nationwide footprint.

Negative

• None.

BALTIMORE, MD / ACCESSWIRE / July 12, 2023 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC PINK:TDRK) is pleased to announce the Company has entered into a Memorandum of Understanding to form a joint venture with an established regional solar company, with the initial goal to open a Nationwide Sales Center to facilitate a multi-state expansion program.

After evaluating a number of high-potential growth opportunities that could benefit from Tiderock management's experience in the property sector, the Company identified an established full-service solar company with a mutual interest in forming a long-term strategic partnership. The goal of the partnership is to leverage Tiderock's geographically diverse industry connections to expand the solar company's operations from three states into a nationwide footprint.

Tiderock CEO Thomas Fore stated, "We are excited about this new strategic direction for our company. Homeowners and businesses are continually looking for opportunities to save money, especially with steadily rising energy costs and more frequent grid disruptions. This new strategic partnership will give Tiderock immediate revenue recognition upon closing, while providing the solar company with access to an experienced management team possessing particular expertise in scaling infrastructure companies."

More details of this new Joint Venture will be provided in the upcoming weeks.

About Tiderock Companies, Inc.: We are a Real Estate company focused on high value "develop to own" projects through a primary subsidiary, Sora Ventures. The company also offers Real Estate Advisory Services via its subsidiary, Tiderock Development. Tiderock Companies, Inc. (OTC PINK: TDRK) is headquartered in Baltimore, MD., and can be contacted at www.tiderockcompanies.com or by phone at (800) 791-8433.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

For more information:
Tiderock Companies, Inc.

Thomas B. Fore, CEO
Email: info@tiderockco.com
Phone: (800) 791-8433

SOURCE: Tiderock Companies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/767190/Tiderock-Companies-Inc-to-Form-Joint-Venture-with-Established-Solar-Company

FAQ

What is Tiderock Companies, Inc. announcing?

Tiderock Companies, Inc. has entered into a joint venture with a regional solar company to open a Nationwide Sales Center for a multi-state expansion program.

What are the goals of the joint venture?

The goal of the joint venture is to leverage Tiderock's industry connections to expand the solar company's operations from three states to a nationwide footprint.

What benefits does the partnership provide?

The partnership provides the solar company with access to Tiderock's experienced management team and could lead to immediate revenue recognition for Tiderock upon closing.