Strata Capital Corp. (Pink Sheets: STRP) announced this morning that it is in negotiations to purchase a long-term recurring-revenue contract valued at $2.5 million. The contract provides residential technology services to a single-family residence community in western N. Carolina. Strata Capitals ally, The Citadel Group, will install the necessary infrastructure and provide the services called for by the contract. Strata Capital announced a strategic alliance with the Citadel Group on April 14, 2008.
“The acquisition of long-term recurring revenue contracts in the residential technology market required a strategic industry ally to carry out Strata’s technological obligations. We are pleased to announce our strategic alliance with the Citadel Group,” said Adam Kolaczek, President of Strata Capital Corp. “Citadel is a top-of-the-line company and will deliver the best value to our customers in the residential-technology market. Their dedication to quality assurance and customer services is equal to Strata’s. Citadel has been chosen by several of the nation’s largest developers as a preferred Fiber-To-The Premise Network (FTTP) provider over larger more well-known providers.”
Strata Capital Corp. anticipates it will start to receive revenue from the long-term recurring-revenue contracts it is in the process of acquiring. The company currently has Letters of Intents signed which are expected to close within the next 60 days. Strata Capital Corp also expects revenues to consistently increase throughout 2008.
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