Strata Capital Corp. (STRP.PK) Announces Negotiations to Purchase a Long-Term Recurring-Revenue Contract Valued at $2.5 Million.
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…