PHOENIX, Dec. 26, 2018 (GLOBE NEWSWIRE) -- Uptick Newswire features Auscrete Corporation (ASCK) (The “Company”), which specializes in manufacturing building products to build Affordable Housing and Commercial Structures using its concrete technology, on their Stock Day Podcast. Founder and CEO, John Sprovieri, joined host Everett Jolly to discuss upcoming funding and future plans for the Company.
Jolly began the interview by asking Sprovieri to bring listeners up-to-speed on the Company’s funding efforts and future goals. “We did receive our first funding toward the total project in February, and it enabled us to buy land in Washington State,” answered Sprovieri. He went on to explain that this funding was previously held-up, but that the Company had begun to receive partial funding in December and can expect the bulk of the funds to start flowing by mid to late January.
Jolly then asked Sprovieri to elaborate on the Company and what they do. Sprovieri explained that the Company specializes in constructing homes and commercial buildings using an insulated hybrid light-weight concrete product developed by ASCK which comes with an abundance of incredible benefits. Some of the major benefits of this technology include high R Value thermal efficiency for power savings, it will not burn in fires and it has exceptional soundproofing.
Additionally, it is impervious to insect infestation, rot and mold, it has exceptionally low maintenance needs and the strength of concrete to defy extremely adverse environmental conditions. Paramount is that it’s an incredibly affordable material for any construction.
Sprovieri then looked to the future and shared the Company’s next steps, which include preparing operational functions aligned with the next round of funding coming through in January. The Company had previously completed necessary environmental studies and have had positive results. Otherwise, next steps include construction of the production building and the arrival of specialized equipment.
Jolly asked Sprovieri about the market for the Company’s product and his confidence in how well it will sell. Sprovieri shared nothing but enthusiasm for the potential revenue of the Company’s home constructions, and shared that first year revenue may be upwards of $5 Million. However, Sprovieri expects revenue totals for the second to third year to increase in excess of $15 million, once the next 2 production buildings are brought on line expanding the output from 100 homes to 300 homes per year.
Sprovieri also shared the Company’s expansion into Canada, which is still very much a core part of their upcoming plans. He went on to explain that the Company already has land defined in Ontario for this project and may be ready for construction sometime early next year.
“It is going ahead quite quickly now. We are going to up list to the OTCQB in January, which will give our investors an easier way to get into the market,” noted Sprovieri at the close of the interview. He then shared his enthusiasm for what lies ahead for the Company and stated, “I think if everyone has a little more patience, we’ll get there and everyone will love us at that time,” Jolly laughingly agreed and elaborated on the potential of the Company.
To listen to the entire interview, follow this link:
About Auscrete Corporation
Auscrete Corporation, whose symbol "ASCK" is a Public Corporation listed on the OTCBB. The company is DTC registered.
Auscrete Corporation is a Wyoming registered public company and has its office in Goldendale, Washington. It was incorporated on December 31, 2009 and became effective with the SEC in December 2014. It was established to finance the construction and implementation of a manufacturing facility for Auscrete’s building products.
The company reports to the Securities Exchange Commission (SEC). Currently the company has 7.3 million common shares in the float.
SAFE HARBOR
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Auscrete Corporation assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Auscrete Corporation. Investors are encouraged to review Auscrete Corporation’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.
CONTACT: For more information,
please contact:
Investor Relations
Lee@auscretehomes.com
305-853-8404
www.auscretehomes.com
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