Quality in Energy Efficient Affordable Housing
Market Cap
$2,278,000 11/21/2018
Authorized Shares
20,000,000,000 07/21/2017
Outstanding Shares
536,350,807 09/19/2019
Float
20,001,419 04/30/2019
http://auscreteblog.com From Auscrete Homes
Mission Statement - “To make available Affordable, Technology Driven and Eco Friendly Housing to those who were never
before afforded the opportunity to realize the American Dream.”
Auscrete’s turnkey houses cost around $95-$100 per square foot, ready to move in. That is highly competitive in today’s market and is brought
about by Auscrete’s ability to manufacture large specialized concrete panels in mass production format. These houses are site built to produce
an attractive, stylish and functional home that will stay where it is put through all kinds of adverse weather and age conditions. It will not burn, is
not affected by mold, insects or rot, is extremely soundproof, it saves extensively on energy costs and has exceptionally low maintenance needs.
Auscrete Corporation utilizes it's fully developed lightweight concrete technologies in the construction of thermally efficient and structurally superior 'Affordable Housing’ as well as for commercial structures. This ‘GREEN’ product is the outcome of a culmination of design and development since the early 1980’s. It is the result of the amalgamation of various developments in specialized materials to address the ongoing problem in the world’s largest marketplace. Auscrete aerated concrete is a light-weight cement/sand product that has a specially developed foaming agent applied during manufacture. This enables the product to have millions of small air bubble ‘aggregates’ introduced and evenly distributed throughout the cast sections. Then there is the XPS insulation amalgamation with the final result being a concrete that is light, strong, of extremely high insulation value and is highly fire resistant. It also has excellent sound proofing qualities.
Auscrete Homes are up in a matter of days, not months, so there are major labor savings at both the factory and the building site. Additionally, savings are enhanced by the use of lower cost raw materials (cement & sand etc.) as opposed to expensive and labor-intensive lumber products.
To construct affordable homes, we produce the materials in a “mass production” format by table casting the outer and inner wall and roof sections. This complex technology incorporates expanded insulating resources and the infusion of millions of tiny air bubbles into a special inert concrete mix enabling the creation of a lightweight product without sacrificing strength or structural integrity.
It generally uses only one half of the raw materials needed in standard concrete construction. It is environmentally friendly, non-toxic, pest free and uses materials that are the most available in the world. The biggest advantage is that it can be produced as large panels at very low cost in a factory atmosphere with controlled simple casting techniques.
On August 18, 2017, Auscrete Corporation ("company") announced that it had signed an agreement with the City of Goldendale, WA. for the purchase of a total of 10 acres of land on the Goldendale Industrial Estate. The agreement is in 2 parts. The first part is the purchase of 2 x 2.5 acre lots, being a total of 5 acres at $20,000 per acre for an overall cost of $100,000. This portion of land is to be used for setting up the company's initial manufacturing plant. The foremost production building comprises of a 25,000 sq. ft. structure and there will be a 15,000 sq. ft. supply and manufacturing support building.
The second part is the purchase of an additional 2 x 2.5 acre lots for a total of 5 acres that abuts to the first lots to form a square 10 acre site. These second 5 acres are under option and the company has 12 months to finalize this purchase. The cost of this property will be $25,000 per acre for a total purchase price of $125,000.
Pictured at right is a photo of the Property Purchase Agreement signing transaction at the Goldendale City Council Offices. Goldendale City Mayor, Mike Canon (center) signs the document watched by Auscrete Corporation signee and CEO, John Sprovieri (right) and with Goldendale City Administrator, Larry Bellamy (left) looking on.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12249440
Auscrete Corporation - (ASCK) Approached by Outside Developers
Rufus, OR -- (SBWIRE) -- 11/16/2017 -- Auscrete Corporation – (OTCMKTS:ASCK) has seen a tremendous spike in both the activity and price per share of its stock. Management of ASCK believes this is directly attributable to several positive factors for ASCK.
In the recent months, due to the devastation brought on through such disasters as Hurricanes in the South and Fires in California, ASCK has seen a dramatic spike in interest of their Hybrid Encapsulated Insulated, Thermally Efficient, Specialty Concrete Homes that Won't Burn and are unaffected by Being Underwater in those types of areas.
The fact that these affordable homes can be standing in just days, rather than many months, also has severely added increased interest in light of the tremendous loss of available living space.
There have been many inquiries regarding ASCK being a contender for contracts for replacing many of these homes. Interest is from Construction Companies, Developers and Home-owners alike.
ASCK has been reluctant to discuss this need openly, due to the pain and suffering these disasters have created. But due to the recent stock activity, it needed to be released and addressed.
Let's bottom-line this scenario for ASCK. Right now, there are estimates of 9,000 homes destroyed in California alone. Should ASCK garner just 5% that would be to build 450 homes in California. Combine that with 100 homes already projected for the Pacific Northwest, from the same facility in Goldendale, WA that totals approximately 550 homes over a 2-year period of production.
These numbers translate into 550 homes, at an average conservative turnkey price of $150,000, produces revenues of $82.5 million over 2 years. With a net income of around 25%, this would potentially produce $20.5 million or about $10.25 million per year.
With the addition of 2 extra production buildings at the Goldendale Plant, currently slated to commence production in February and with the ability to deliver Auscrete's building products to sites over 1,000 miles away, the new facility could effectively produce 350 homes per year.
The company believes that 2018 looks to be both very exciting and rewarding for all of those involved with ASCK. Attention Shareholders:
This morning Adar Bay filed a SC-13G, stating that the their company owns a position 9.99% of the outstanding shares as required by the SEC.
Adar Bay has been a long-term lender and investor in ASCK, these shares were converted from a note that originated in 2016, and could have been converter much earlier. Adar Bay chose to wait until the company was about to emerge with revenue forecasts and capture cheap stock prices they feel will not last.
However, instead of putting their shares into the market, they have chosen to hold the stock for the revenue producing days ahead.
Most companies in their industry try to avoid any SEC paperwork, however Adar Bay thought it to be worth it in this case.
FORM 8-K September 20, 2019 Item 8.01. Other Events
Auscrete Corporation CEO John Sprovieri had called an extraordinary Board Meeting held at 11:00 AM on September 18, 2019 at the Company's Corporate Headquarters in Goldendale WA. The meeting was called to update and discuss some issues addressed at the previous board meeting.
The Agenda items for discussion were as follows:
Item 1. Consider a further reduction of Company Authorized Shares from 25% to 50%.
Item 2. Company Note Conversion Progress.
Resolved
1. CEO Sprovieri proposed amending the last meeting's consideration of modifying the 25% reduction of the Authorized Shares to 50% which now equates to a reduction of 10 billion shares in the authorized capital. It was resolved that follow up will be undergone with the Company's Lawyer to move forward with this process.
2. Current purchased convertible notes debt is steadily declining. At the time of this meeting, the Company still had the following debt.
Since the last meeting, Current Converting Aged debt is at $15K, down from $43.6K 2 weeks ago.
There is still $13K due in Nov. and $25K in Dec.
There is still the most recent Convertible Debt note for $40,000 due in February, 2020
Long Term Loan remaining $160,000 due late 2020.