Phoenix, Arizona–(Newsfile Corp. – August 2, 2021) – The Stock Day Podcast welcomed SPO Networks, Inc. (SPOI)(“the Company”), a company actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. CEO of the Company, Tom Smith, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company’s background and current projects. “SPO Networks is a very diverse company. We are entering the cannabis market here in Colorado, and are venturing out into the New York area,” shared Smith, adding that the Company recently entered an agreement to acquire a general contracting, demolition, and hauling company, Red Line Contractors, which Smith founded in 2002.
“What benefits will the acquisition of Red Line Contractors have on SPO Networks?”, asked Jolly. “The infrastructure that we’re creating is going to be strong, along with having the ability to self-perform some, if not all, of the work that we’re doing in multiple states,” explained Smith. “Plus, the experienced staff that we have can also self-perform most of what we do.”
“It’s a business deal,” continued Smith, noting that the Company will be acquiring Red Line Contractors for $4.1 million, which is equivalent to Red Line’s 2020 sales. “This will allow all of our energy to be focused on the greater good of the whole project.”
“What are you doing to attract and maintain quality work for your organization moving forward?”, asked Jolly. “We started really focusing on what drives our people,” said Smith. “We’ve listened to them,” he added. “As of June 30th, our entry level pay for non-skilled workers is $15 per hour,” shared Smith. “We have health benefits that are now available, as well as paid vacation and time off,” he said. “We’re excited to be investigating some stock options to keep those folks here and keep them excited about what we have going on.”
“Could you tell us about your cannabis operations in Colorado?”, asked Jolly. “We’re now just going after the wholesale market; we want seed-to-sale,” explained Smith, adding that the Company currently has operations in Colorado and plans to expand to New York, Connecticut, Vermont, Virginia, and New Mexico once regulations allow them to do so.
To close the interview, Smith elaborated on the Company’s focus on taking care of their employees, while also building value for shareholders, and encouraged listeners and investors to keep up-to-date on their projects as they continue to grow.
To hear Tom Smith’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7916253-spo-networks-inc-discusses-acquisition-of-red-line-contractors-llc-with-the-stock-day-podcast
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SPO Networks, Inc.
SPO Networks, Inc. is actively exploring potential acquisitions and opportunities in diversified industries, including solid waste, scrap metal recycling and demolition with special waste remediation. Additionally, SPO maintains the belief that patients and customers have a right to high quality, economical, and clinically-validated cannabis products. Towards this, SPO aims at medical and recreational cannabis and genetic seed operations with the expectation of rapid expansion in the cannabis industry. SPO is developing its cultivation facilities for extraction operations, wholesaling of cannabis and cannabis extracts in Colorado to licensed retailers and wholesalers. Eventually, the goal is to expand to retail product manufacturing and dispensary operations in several states, allowing SPO to offer a pricing strategy that will be attractive to consumers large and small.
For more information, please go to: https://www.spoinow.com.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the OTC Markets Group Inc. Our public filings with the OTC Markets Group Inc are available from commercial document retrieval services and at the website maintained by the OTC Markets at https://www.otcmarkets.com/stock/SPOI/disclosure
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