Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NEWS!!!!!!
Auscrete Corporation “ASCK” to focus strategy on its US housing ventures.
12/13/16, 9:00 AM
Rufus, OR, Dec. 13, 2016 (GLOBE NEWSWIRE) -- Auscrete Corporation has recently
received lucrative Affordable Housing construction proposals within the US from
Oregon, New Mexico, Nevada and Texas to construct multiple homes on tracts of
residential land with as many as 400 units in one estate.
An Auscrete spokesman has confirmed that the company is concentrating its efforts on developing a network of materials manufacturing facilities initially in the North and South West to address the emerging market for affordable housing in these areas.
Mr. Lee Odom, IR spokesperson for Auscrete explained that “during 2016, the
company had researched developing other ventures such as a resort in the Poconos
and Joint Ventures in Financial Institutions out of Britain wanting to have a US
base. These looked good at the front end but when we drilled down, there were
many shortcomings like limited expansion capacity in the resort and miles of
compliance needs and paperwork for the financial undertaking. The company has
decided to concentrate on its core of energy efficient housing technology and
its substantial market”.
Auscrete has recently been evaluating land for its Oregon Campus and production
plant and has settled on approximately 10 acres of industrial land in their
hometown not far from their original pilot production plant. The purchase is
going into escrow and it is expected that earthworks will commence in January
with an expected completion date around next May. At that point, production of
materials will commence and construction of 135 site built homes on a local
residential estate will ensue. A total of 50 planned new jobs will also be a
welcome benefit for the area.
Upon reaching production in that plant, Auscrete will immediately commence
construction of a plant in New Mexico that can cover the Southwest. It is
expected that the NM facility will come on line by next November. Each plant has
the capacity to produce 100 homes per year that would produce $30 million in
revenues for both facilities per year. Alabama will likely be the third plant
proposed to follow.
While the company is still awaiting completion of their Jamaican Venture
investment package from European Investors, company management has acquired
funding and commitments from local investors to enable this US enterprise to
materialize. Management has commenced acquisition of additional plant and
equipment, much of which is specially built production machinery, so the plant
can start producing as soon as the production buildings are complete.
Auscrete Corporation
Investor Relations - Lee Odom /IR Spokesperson 305 853 8404 - eleeodomjr@gmail.com
Corporate Business - John Sprovieri / CEO 541 739 8298 - john@auscretehomes.com
www.auscretehomes.com
Safe Harbor: Statements in this press release may constitute forward looking statements and are subject to risks and uncertainties. As like all investments, the company’s future capital needs could be affected, the lack of market demand for any new or enhanced projects the company may develop. The actual results may differ materially from those in this press release. The company disclaims any obligation to update any statements contained in this press release. ###
Source: Auscrete Corporation
Thx. So it is not on 12/15?
Hi
When does mydx2 announcement comes out?
Pls listen to this presentation!!! Really great info!!! Great future!!
Hi How do u know financials r coming soon? When is it coming?
Hi thanks for the info. When is the mydx2 is expected to be released?
I thought per the news on 10/4 "Jamaica" deal was finalized? Didn't the bank send the final agreement to the comp?
Thank u!! When do we expect for both?
Hi Do u mind sharing the full story ?
I sent the IR a note last week and got the same response back early this week. "The Company plans to release results for period ending 6/30/16 during either the third or fourth week of Sept." Not sure how trustful they are, but I hope he is right.
Thanks!! Do u have access to read the full story? Would it be hard to paste in the message board?
"....Hybrid is not at liberty to divulge the identity of its Fortune 500 Partner at this time due to confidentiality. .."
Very good article!
Thanks!! So there was no sign of any news before the RS from Steve at all? With this price it will be less than .20 cents after the split and is that what they want to be I order to be attractive to a bigger investor? Due for some kind of updates
Thanks so remain as 1.6b or 400M?
Thanks for the info but Where do u see those patents are related to Oleg?
Hi sorry I am slow. where does it say it was audited?
Hi Sharpie, any words from IR,Steve yet? Thanks!
Hi Holmes. It is kind a off the subject but want to check with the expert. Do u know how long it takes to transition the shares from existing number of shares to after number of shares? While they are in transition, I don't think we can actively trade HCTI shares, can we?
If u share that info with everyone will be great!!! If not its ok too!
Hi, does anyone know if a company puts out news during RS hold time? Which believe about 20 days once RS happens? During that time, can we still trade or no?
Thank you very much for the updates!!!!
Thanks Sharpie, do u mind asking if the RS will happen on 21st as well, just in case? We believe that it will happen on 21st but in case something unexpected happens. Hope not though! ><
Thanks but I think it only works with folks with authorized subscriber.
Thanks much!!^^
Thanks for the update!! What is CC?
Hi ~ I thought Steve has a huge news since Monday from last wk that he is waiting for an approval. Does anyone know what happened to that or did Steve update on that? I think Sharpie originally contacted him.
Hi Holmes, I am long here too, but not as familiar with Penney stock as u do, so a dump question. If for a some reason, a pr comes out and the stock price goes up to .10 or .20. With 200:1 split, this will bring the stock price $20 or $40 respectively, would this be realistic? Or management don't see this at all and announced 200:1 split?
Did they have another stock split 4 years ago in order to get to $1.55?
Did any one contacted IR T HCTI, Steve, about this yet?
Good info!! Do u know if this was issued for this month!
Oh I see thank u!! ^^
Thx but I thought quarterly report ended 12/31/15 is due mid February? As last one was in November. Am I missing something?
Hi Holme , do u know when is 10Q due? I was expecting to see the late filing notice by now.
Has anyone contacted IR, Steve? I wonder if it is in a same situation in that HCTI can't announce a name until f500 announces?
What is going on? I can't go down further to look at on my app. ><
U have been very helpful on this stock and I appreciate that!! But I am trying to learn, how would u know it was already converted in Nov/dec? Thank u!
Hi so has IR contact changed from Steve? It was a lady?
Dholmes, hi I wonder if this has to do with debt conversion. I believe one was scheduled to be expired today?
I already did last wk but no reply from Steve.