NEW YORK, May 20, 2015 (GLOBE NEWSWIRE) -- SG Blocks (OTC PINK:SGBX), a premier innovator and designer of container-based structures, today announced it has completed the shipment and installation of all units for Coney Smorgasburg at Coney Art Walls. The containers will house diverse savory food vendors, frozen dessert vendors and bars presented by the founders of the popular Brooklyn-based Smorgasburg food market.
SG Blocks supplied 14 partially pre-fabricated containers, which were shipped and installed four weeks after the initial engagement.
Coney Smorgasburg is part of Coney Art Walls, a public art wall project at 1320 Bowery Street created by Thor Equities and curated by Jeffrey Deitch and Thor CEO Joseph Sitt. Some of the most prominent street artists in the world will create more than 20 wall murals for Coney Art Walls.
"We see a great synergy between the spirit of the program in Coney Island and our product," stated Paul Galvin, Chairman and CEO of SG Blocks. "We are happy to be working with such great companies as Thor Equities and Smorgasburg and to once again be using our containers to build an artistic, modern product."
"Using our container-based product is more efficient for Smorgasburg and Thor Equities than traditional construction methods. We're helping to bring the food and drink market to life much more quickly for visitors to enjoy," added Galvin.
Coney Smorgasburg will be open Saturday through Monday during Memorial Day Weekend 2015, then Fridays through Sundays through June 22, 2015 and then every day until Labor Day 2015.
About SG Blocks: SG Blocks, Inc. (SGBX) is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. It has four product lines: retail, commercial, military and residential. SG Blocks also has an exclusive 10-year collaboration and supply contract with ConGlobal Industries Inc., the largest shipping container depot operator in the United States. For more information, visit www.sgblocks.com.
About Thor Equities: Thor Equities is a global leader in urban real estate development, leasing and management, pursuing premier hotel, commercial, residential, retail and mixed-use assets in high-density areas. Through its brokerage affiliates, Thor Retail Advisors, it is also a premier leasing agent for third-party property owners and exclusively represents global retailers in their search for prime urban locations in North America, Europe and Latin America. Through Town Residential, it is a leader in sales and rental marketing. Thor Equities provides the best possible High Street retail, commercial, residential, hotel and mixed-use building environments within urban centers across the United States – all while delivering attractive, risk-adjusted returns to high-net worth and institutional investors. For more information about the company, visit www.thorequities.com.
About Smorgasburg: Smorgasburg launched in May 2011 as a spin-off of Brooklyn Flea, the popular flea market founded by Jonathan Butler and Eric Demby in 2008. Every Saturday and Sunday from April through November, Smorgasburg showcases 100+ local and regional food vendors to upwards of 10,000 visitors, making it one of the most popular tourist destinations in Brooklyn. On The Chew, Mario Batali called Smorgasburg "The single greatest thing I've ever seen gastronomically in New York City," and The New York Times called it "The Woodstock of Eating." In addition to the weekend markets, Smorgasburg oversees the concessions at Central Park SummerStage, runs a pop-up beer garden at the Seaport District NYC, and operates Berg'n, a new beer hall and artisanal food court in Crown Heights.
Cautionary Note Regarding Forward-Looking Statements:
Information in this press release that involves the expectations, plans, intentions or strategies of SG Blocks regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. In this release, they are identified by references to dates after the date of this release and words such as "will," "remains," "to be," "plans," "believes," "may," "expects," "intends," and similar expressions. Factors that could cause SG Blocks' actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, the timing and successful completion of the engagement. The forward-looking statements in this release are based upon information available to SG Blocks as of the date of this release, and SG Blocks assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations.