GOLDENDALE, Wash., Dec. 11, 2018 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTC: ASCK) (The “Company”) announced today that the second tranche of funding was received in December, setting the stage for an exciting 1st quarter of 2019, with opening of the facility and the taking of firm orders. This enables ASCK to deliver revenue producing goods with earnings projected in the 2nd quarter of 2019.
In the past few weeks, Auscrete Corporation has received unsolicited inquiries requesting bids for the construction of two independent buildings of 10,000 square feet. The buildings are for franchised retailers who are expecting construction in 2019.
Company spokesman Lee Odom stated, “In addition to Housing, Auscrete’s building products are consummately suitable for the construction of Commercial and Industrial Buildings. The construction of 2 buildings as described above would be in the million dollar plus area and this would not be much of a burden on production output. Leaving more than adequate facilities for Auscrete’s target market of Affordable Homes.”
Mr. Odom continued, “As the facility opens in Goldendale, Washington, in the 1st quarter, the company is expecting commercial requests to really accelerate for the use of the revolutionary Auscrete Technology of hybrid insulated lightweight and durable concrete, that is both energy efficient and affordable to all structures.”
The Company plans to submit the paperwork to begin the up-listing process to the OTCQB in January which should have a positive impact toward enhancing shareholder’s value, which remains the constant goal of Management and the Board of Directors. Additionally, employment interviews have commenced for certain skilled positions with the Company and are being conducted by Auscrete CEO and Founder, Mr. John Sprovieri.
For future updates regarding the launch process, follow our Blog at AuscreteBlog.com
Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company’s identity protection software products into various channels and market sectors, the issuance of the company’s pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Contact:
Lee Odom
EVP of Business Development
Director of Investor Relations
Email: Lee@auscretehomes.com
Phone: 305 853 8404
Website: www.auscretehomes.com