LA JUNTA, Colo., April 20, 2017 (GLOBE NEWSWIRE) -- Sprout Tiny Homes (OTC PK:STHI) is pleased to announce collaboration and a partnership with WeeCasa (http://weecasa.com), known as the world’s largest tiny home hotel and resort, located on the Saint Vrain river in Lyons, Colorado. WeeCasa has 11 Sprout Tiny Homes in its resort and is collaborating with Sprout to expand the tiny home resort model in other strategic destinations in the US.
Moreover, Sprout has acquired 19.2 acres in Salida, Colorado located in the Rocky Mountains of Colorado. Salida annexed this acreage into its planned Unit Development District (“PUD”). The PUD approved development includes innovative land planning and site design concepts that conform with community quality of life benchmarks and that achieve a high level of environmental sensitivity, energy efficiency, aesthetics, high-quality development, and other community goals.
The Sprout development, known as RiverView at Cleora will consist of 140 long term lease properties and 60 overnight unit rentals and all entitlements have been approved for the start of construction.
Additionally, Sprout Tiny Homes has recently designed, built and delivered a prototype container home for a major air flight training school. The Company expects to deploy several more homes to house pilots and personnel at the new training facility. This validates our proof of concept as we expand our tiny home building vertical to include shipping container conversion as a popular option for modern homes.
During the last two months of 2016, Sprout designed, built and delivered six homes to Aspen Skiing Company to help resolve the challenge of their employee housing shortage. (http://www.aspentimes.com/news/aspen-skiing-co-joins-tiny-house-nation-with-experimental-housing-project/) Two separate models were designed for Aspen Skiing Company to house a minimum of two employees per home. We expect additional follow on orders to build out their fleet of employee housing solutions.
In 2016 Sprout Tiny Homes changed to a singular commercial focus in the tiny home market. This was not so much a course-correction, but rather a pivot to serving multiple larger clients while improving our production efficiencies.
Sprout Tiny Homes has partnered with leading engineering and metal fabrication firms to design exciting, new “loft and stair” structures and concealed sleeping quarters and will continue to reinforce our foothold as the leader in tiny home innovation and design.
Further, Sprout Tiny Homes is proud to meet the ANSI-119.5 safety standards in all homes that we build. This standard requires that all models meet or exceed more than 500 building and safety standards.
Lastly on the financing front, Sprout Tiny Homes has received collateral approval of our homes with several banks and financial institutions that provide commercial lease financing.
About Sprout Tiny Homes:
Sprout Tiny Homes is a leading designer, manufacturer and developer of tiny homes and affordable live-work communities. Sprout homes are built with structural insulated panels resulting in stronger, greener and straighter homes that are highly energy efficient and feature chemical free interiors to encourage healthy living lifestyles.
Using sustainable building materials where possible and pushing the boundaries of design and energy efficiency are key attributes of Sprout homes. We manufacture tiny homes on wheels up to 390 sq. ft. and homes that are secured to traditional foundations with up to 650 sq. ft. of living space. Our 14,000 sq. ft. production facility is located in La Junta, Colorado. We pride ourselves on being able to deliver high quality tiny homes in volume.
Safe Harbor Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sprout Tiny Homes, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Sprout Tiny Homes, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in our industry.
CONTACT: Rod Stambaugh Sprout Tiny Homes, Inc. Phone: 719.247.6195 Info@sprouttinyhomes.com or http://sprouttinyhomes.com