Spectacular Solar Merges Into SNTL
Sep. 04, 2018
Fully integrated New Jersey-based solar energy firm generated more than $4.6 million in revenue in 2018
CARSON CITY, NV / ACCESSWIRE / September 4, 2018 / Seeker Tec International, Inc., (a Nevada Corporation) ( OTC PINK: SNTL ) is pleased to announce that Spectacular Solar, Inc., has merged into Seeker Tec and that Spectacular Solar will be the surviving entity as the company moves forward. With the reverse merger complete, Spectacular Solar will now conduct business as a public company after operating as a private entity since its inception in 2014.
Spectacular Solar is a diversified holdings company and will be acquiring subsequent companies as opportunities arise. DC Solar Integrators, one of the companies under the umbrella of Spectacular Solar, is a full-service solar panel design and installation company whose scope of work ranges from residential to large commercial. Star Power Services, which is also part of the parent holding company, is a bonded and licensed roofing contracting company that specializes in solar roof installations.
The company has completed state-of-the-art projects in New Jersey, New York, and Pennsylvania and is expanding its regional operations. Current clients include Wyndham Hotels, Buy Rite Warehouse Liquors, ReThink Innovations, Blanc Industries, and a host of residential customers. In addition to specializing in design and installation, Spectacular Solar also offers financing, the services of in-house contractors, and post-installation monitoring as its core services.
“Spectacular Solar’s revenue has been growing by multiples over the past few years and they are projecting revenues of close to $7 million by year’s end,” said Seeker Tec President Mark Osgood. “As I step down and turn the reins over to Doug Heck, I know I leave my shareholders in the hands of a visionary CEO who will take this company to new heights.”
As part of the transition, Spectacular Solar will be applying to FINRA to change the corporate name and ticker symbol to more accurately represent the essence of the new company. Heck will also apply to change the CUSIP number, which is the numeric code that identifies a publicly-traded security and is used for clearing and settling stock trades.
“Instead of opting for the more expensive, lengthy, and complex initial public offering process, we saw the reverse merger as the perfect vehicle through which to take this company public,” Heck said. “The corporate structure works for us and it has allowed to us to place multiple core-critical solar services under the auspices of one corporation.”
Heck, widely recognized as a pioneer in solar energy investments, holds five solar energy product patents and has one patent pending. He has published a book, Ways to Invest in Solar Energy, which educates and shows the average person the benefits of, and more importantly, how to invest in the Solar Energy Investors’ Fund.
The Solar Energy Investors’ Fund has returned an amazing 27 percent over the last 12 months, easily outpacing the funds that track the broader markets. Unlike many fund opportunities, the Solar Energy Fund avails itself to both the small and the eight-figure investor. Investing opportunities in the fund begin at $10,000.
The 39-year-old CEO is also in the process of finalizing his board of directors, which will feature some of the most accomplished, forward-thinkers in the solar energy field. In addition to fortifying the business side of the company by adding directors from industry, Heck will also be offering director positions to professors from two of the most prestigious academic institutions.
“Investors and shareholders will see significant news from Spectacular Solar over the next few months,” Heck added. “We look forward to announcing new projects, acquisitions, a ticker symbol change, the completion of an exchange uplist to the OTCQB, and the new members of our board of directors.”
For more information: Please the visit the website at http://www.spectacularsolar.com
Wyndham Hotel Project Video: https://www.youtube.com/watch?time_continue=74&v=BPLKjgdFaOw
About Spectacular Solar Holdings, Inc.: Spectacular Solar is a diversified holding company involved in solar system installations, investment fund management and roofing contracting through its subsidiaries. DC Solar Integrators designs and installs state-of-the-art solar conversions for homeowners and business owners. Star Power Services is a bonded and licensed roofing contracting company with expertise in new roof installation, roof repairs and roof maintenance. The Solar Energy Investors Fund contributes to the upfront and ongoing insurance expenses directly associated with the installation of solar panel systems. In return, the fund receives a share of tax benefits and ongoing revenue generated from the electricity sales.
Safe Harbor Statement: This release contains forward-looking statements that relate to future events or performance. These statements reflect the company’s current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
Source: Seeker Tec International, Inc.https://www.accesswire.com/511206/Spectacular-Solar-Merges-Into-SNTL