$CGRA County Government Contract News
CGrowth Capital, Inc. Begins Fulfillment of Steven County Sand and Gravel Contract
Print
Alert
SILVERDALE, WA / ACCESSWIRE / September 30, 2014 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has begun fulfillment of the first of three (3) contract orders for sand and gravel to Stevens County Department of Public Works. The purchase orders request the restocking of three (3) of the county's sand depots in anticipation of the winter months. The material is used in the sanding of county roads which provides for traction and helps with de-icing and anti-icing during the periods of snow and ice. The county has estimated a minimum fulfillment amount of 10,000 yards, at $3.23 per yard, but could total 15,000 yards when complete.
"Individually these recent contracts may not set records," stated Bill Wright, CEO of CGrowth Capital, Inc. "However, accretive and over time the contracts will prove to be a foundation for reoccurring revenue for the Company. Establishing contracts with the county government has taken some time, but these are solid orders that will open the door to additional government contract fulfillment, expanding customer base, and future products sales."
The Company has access to in excess of 2,000,000 yards of sand and gravel under a 20 year lease acquired and announced earlier in the fiscal year. The sand and gravel pit represents one (1) of the dozen (12) quarries the Company acquired under a master lease in April 2014, which included sand and gravel, dolomite, terrazzo, and silica. The Company is continuing to explore sales channels, partnerships, and product development for its quarry material and products.