Morris Sheet Metal, Subsidiary of Alpine 4 Holdings (ALPP), Secures $4.6 Million for New Projects

PHOENIX, March 4, 2022 /PRNewswire/ — Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a leading operator and small business owner, announced that its subsidiary, Morris Sheet Metal (MSM) of Indianawon several new projects totaling $4.6 million in the space of educational and health establishments.

Tom Laubhanpresident of Morris Sheet Metal, had this to say, “We are eager to begin these new projects as they serve to demonstrate how integral we are to the Indiana and the Midwest region. I think we got those projects largely on how we handled the volatile market conditions of 2021, where unprecedented inflation pushed the construction services market into a negative margin position on many projects in due to material costs on items like steel, which have increased by more than 200%. While it is not easy to absorb such significant cost changes, MSM has supported its customers and honored its contracts, completing past work on time and on budget. The integrity with which we have conducted ourselves as a company in this challenging market has led our customers to reward this team with the quality projects we proudly build for our community.”

Kent Wilsoncommented the CEO of Alpine 4, “With the volatility of 2021, it is inspiring to see some rebalancing in construction, culminating in this newly awarded work. Morris Sheet Metal has earned an excellent reputation in the region, and we anticipate the flow of more work as supply chain issues continue to subside.”

About Morris Sheet Metal Corp: Morris Sheet Metal (MSM) was established in 1992 and is a full-service HVAC contractor offering design, fabrication and installation services in addition to custom metal fabrication services. MSM is an active member of SMACNA and the AFE Association for Facilities Engineers. MSM currently falls under the DSF business model of Alpine 4 as a stabilizer.

About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a NASDAQ-listed conglomerate that acquires companies that fit into its disruptive DSF business model of drivers, stabilizers and enablers. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. We focus on how adapting new technologies, even in physical businesses, can drive innovation. We also believe that our holdings should synergistically benefit from each other, have the ability to collaborate across diverse sectors, spark new ideas and create fertile ground for competitive advantages.

Four principles at the heart of our business are Synergy. Innovation. To drive. Excellency. At Alpine 4, we believe that synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can actively pursue opportunities within and across vertical markets. We provide solutions that not only set industry standards, but also increase value for our shareholders.

Contact: Investor Relations

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Forward-Looking Statements: Certain statements and information contained in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995. The information disclosed in this press release is made as of the date hereof and reflects Alpine 4’s most recent assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to delays between the date of this release and the confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements, including, without limitation , risks, uncertainties, including uncertainties surrounding current market volatility and other factors that the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, each of these assumptions may prove to be incorrect and, therefore, any forward-looking statements based on these assumptions may also be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update any forward-looking statements for subsequent events.

SOURCEAlpine 4 Holdings, Inc.

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