RENAVOTIO, INC. (RIII) LOOKS TO NEW
OPPORTUNITIES WITH INFRASTRUCTURE BILL
PASSAGE
Tulsa, OK -- November 8, 2021 -- InvestorsHub
NewsWire -- Renavotio, Inc. (OTCQB:
RIII) (the "Company"), an
infrastructure investment company focused on opportunities,
including medical protective equipment, 5G, ISP, utility
construction, utility management, IoT, water, waste management
technology, and related industries, announced today that the
final passage of the infrastructure bill opens up new opportunities
for the Company.
The passage of the over $1 Trillion dollar federal
infrastructure bill on Friday, November 5 was approved both
by the Senate on August 10 and the House on November 5 with a
Bi-Partisan vote and could open up opportunities for Renavotio. The
over $1 trillion dollar package has two major takeaways for
Renavotio.
- Makes the largest investment in clean drinking
water and waste water infrastructure in American history, to
deliver clean water to millions of families
- Ensures Americans have access to reliable
high-speed internet
The bill allocates $55 billion dollars for clean
water that could include new distribution systems for both water
and sewer. There is also $65 billion dollars to ensure
Americans access to reliable high-speed internet with an historic
investment in broadband infrastructure deployment.
Renavotio's primary expansion, both organically and thru
acquisitions is in a rural belt running from Eastern Missouri thru
Southern Kansas, Colorado, Northern Oklahoma eastern New Mexico and
Northern Texas, is a rural area that could benefit from the
allocation of these funds.
Renavotio's wholly owned subsidiary, Utility
Management Corp, and its subsidiary, Cross-Bo Construction,
have recently consolidated operations at it command center located
in Ochelata, OK, North of Tulsa Oklahoma. The Company
is in the process of recruiting a new President for Cross-Bo
Construction, LLC that will have both engineering, construction and
fiber optic and 5G knowledge. The Company anticipates
multiple bidding opportunities across its targeted territory and is
now focused on both bidding opportunities and potential
acquisitions in the infrastructure space.
Billy Robinson, Renavotio's Chief Executive
Officer, commented: "With the passage of the infrastructure bill,
Renavotio has been laying the groundwork for growing both
organically and with e its plan to hire management with
engineering and Telcom experience, upgrade equipment, and continue
to expand our operating facilities. This will allow us to seek out
new bidding opportunities on infrastructure and Telcom in our
regional footprint. with the plan to bring on new skilled
management, upgrade equipment and to expand our operating
facilities. This will allow us to seek out new bidding
opportunities on infrastructure in our regional footprint.
With the completion of our test program in fiber optic
installation, we are now focused on the desire and need of federal
and state governments to expand rural fiber optic and
5G for rural internet service providers, or ("ISP"). Both the
existing grant and funding programs and commercial opportunities
present an untapped revenue stream for the
Company."
About Renavotio,
Inc.
Renavotio, Inc. (OTCQB:
RIII) an infrastructure investment company focused on
opportunities, including medical protective equipment, 5G, ISP,
utility construction, utility management, the internet of all
things, "(IoT"), water, waste management technology, and related
industries. The Company's wholly owned subsidiary, Renavotio
Infratech, Inc. ("RII"), includes business and acquisition
strategies concentrating on medical protective equipment and
infrastructure with utility construction and consulting/operational
agreements with small towns or county CO-OPS that operate their own
water and sewer systems, providing long-term savings, utilizing
smart-utility monitoring, and dedicated engineering and service
personnel. These platforms capture utility data from hand-held GPS
devices or in-place sensors, with planned use of drones to identify
waste contamination, leak detection, and topographic underground
utility installation planning. RII's wholly owned subsidiary,
Utility Management Corp, is a holding company focused on
infrastructure, 5G, utility construction, utility management, IoT,
water and waste management technology, and related industries.
Utility Management Corp's subsidiary, Utility Management and
Construction (UMCCO) is an engineering and smart utility management
company that provides a one-stop solution to rural communities to
reduce the consumption of electricity, data, natural gas, and water
utilities for commercial, industrial and municipal end users.
UMCCO's unique approach creates immediate bottom-line savings for
its clients, by providing engineering, planning, permitting and
installation through their second wholly owned subsidiary, Cross-Bo
Construction, which specializes in water, sewer, Telcom, and 5G
design and installation, establishing a long-term value proposition
while also achieving respective sustainability goals. www.umcco.com.
For additional information on Renavotio, please
visit: www.renavotio.com.
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at https://renavotio.com/contact/
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@Renavotio at http://twitter.com/Renavotio.
Forward Looking Statement
This news release includes certain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended, including, but not
limited to, statements relating to the Company's opportunities with
respect to passage of the Infrastructure bill.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include general business, economic,
competitive, regulatory, markets and other conditions, political
and social uncertainties. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. No information in this news release
should be construed as any indication whatsoever of the Company's
future stock price, revenues, or results of operations. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by
law.
Investor
Contacts:
Renavotio, Inc.
601 South Boulder Ave.
Suite 600 Tulsa, OK 74119
Email: brobinson@renavotio.com
Telephone: 1-888-928-1312