#ESG #Stocks in the
News - Solar Integrated Roofing (OTC: $SIRC) Partners with RxSeed Coin for #Cryptocurrency
Commercial Project Financing Solutions; @SIRCStock
EL CAJON, CA /
October 27, 2021 /
Solar/Cryptocurrency stock news from Investorideas.com Newswire and RenewableEnergyStocks.com
- Solar Integrated Roofing Corp. (OTC: SIRC), an integrated,
single-source solar power and roofing systems installation company, today
announced the Company’s subsidiary USA Solar Networks has partnered with the
Founders of RxSeed Coin, a cryptocurrency coin asset listed on the Stellar
Exchange, to develop a cryptocurrency funding solution for humanitarian
commercial solar projects.
Read this news,
featuring SIRC in full at https://www.investorideas.com/news/2021/renewable-energy/10271SIRC-RxSeed-Financing-Solutions.asp
RxSeed Coin is dedicated to the vision of
helping people, and for people to receive a living gift, known as the Coin of
Compassion, in exchange for their compassion with hopes that it will grow. They
are highly humanitarian in their efforts, with a primary focus on manufacturing
emergency housing for disaster relief and unexpected homelessness.
RxSeed
utilizes the Bitcoin model to create crowdfunding solutions for the purpose of
raising money for the funding of commercial, humanitarian-based projects
including schools, churches and disenfranchised communities. Via the raising of
capital, a fund will be raised to fund commercial projects, with an estimate of
one commercial building per one million dollars raised. This process can be
repeated continuously to accommodate both the funding needed for projects and
public interest in investing in the fund. The host of the commercial entity
will sign a 20-25 year power purchase agreement that will pay to the coin
holders a consistent revenue stream for the power that is generated by the
solar system installed by USA Solar Networks.
Per
the terms of the agreement, USA Solar Networks will receive long term revenues
from the host of the commercial entity paying for the power generated from the
system and income from the profit of the development and construction of the
solar project, with a target gross profit margin of 15%, or $150,000 per $1.0
million of the commercial project. USA Solar Networks will retain all federal
tax credits, any state or utility subsidies, and additional tax benefits, such
as bonus depreciation of the system.
The
partnership will also seek to offer energy solutions to cryptocurrency miners
to reduce electricity costs through solar installations, leveraging
relationships of the RxSeed Coin Founders.
“This
partnership represents a unique opportunity to develop a cryptocurrency funding
solution for humanitarian projects that may otherwise have been impossible,”
said Pablo Diaz, CEO of USA Solar Networks, an SIRC company. “RxSeed will offer
us solar projects at no acquisition cost and the project will demonstrate our
commitment to delivering solar solutions to underserved communities.
“The
Cambridge Center for Alternative Finance (CCAF), reports that cryptocurrency
mining consumes about 110 Terawatt Hours per year, or 0.55% of global
electricity production. We also look forward to working with the team at RxSeed
to offer miners a sustainable energy source for their needs. The partnership
created with RxSeed enables us to engage in revenue producing humanitarian and
cryptocurrency opportunities that are good for the planet and its people,”
concluded Diaz.
About RxSeed
RxSeed Coin is dedicated to the vision of
helping people, and for people to receive a living gift, known as the Coin of
Compassion, in exchange for their compassion with hopes that it will grow. They
are highly humanitarian in their efforts, with a primary focus on manufacturing
emergency housing for disaster relief and unexpected homelessness. They are
also highly involved and active in the efforts to eradicate food insecurity in
the United States. For more information visit www.rxseedcoin.com.
About Solar Integrated Roofing Corp.
Solar Integrated Roofing Corp. (OTC:SIRC), is
an integrated, single-source solar power and roofing systems installation
platform company specializing in commercial and residential properties
throughout the United States. The Company serves communities by delivering the
best experience through constant innovation & legacy-focused leadership.
The Company's broad array of solutions include sales and installation of
solar energy systems, battery backup and electric vehicle (EV) charging
stations to roofing, HVAC and related electrical contracting work. For more
information, please visit the Company's website at www.solarintegratedroofing.com.
Forward-Looking Statements
Any statements made in this press release
which are not historical facts contain certain forward-looking statements; as
such term is defined in the Private Security Litigation Reform Act of 1995,
concerning potential developments affecting the business, prospects, financial
condition and other aspects of the company to which this release pertains. The
actual results of the specific items described in this release, and the
company's operations generally, may differ materially from what is projected in
such forward-looking statements. Although such statements are based upon the
best judgments of management of the company as of the date of this release,
significant deviations in magnitude, timing and other factors may result from
business risks and uncertainties including, without limitation, the company's
dependence on third parties, general market and economic conditions, technical
factors, the availability of outside capital, receipt of revenues and other
factors, many of which are beyond the control of the company. The company
disclaims any obligation to update the information contained in any
forward-looking statement. This press release shall not be deemed a general
solicitation.
Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us
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