NEW YORK, May 29, 2014 (GLOBE NEWSWIRE) -- SG Blocks, Inc. ("SG Blocks" or the "Company") (OTCQB:SGBX), a premier innovator of construction solutions utilizing code-engineered cargo shipping containers, has delivered the core and shell of a single family home in Jacksonville, FL. The fit out and finishing will be completed on site by the owner's general contractor. The approximately 1000 SF structure was set in four hours despite very challenging access, narrow dirt roads and meaningful overhead tree interference on a 300 foot entry lane.
"More and more we are seeing people embrace the benefits of modular construction. This home is a prime example of how well it fits together with conventional methods. Our product helped unlock the value of a complicated piece of property quickly and efficiently," said Stevan Armstrong, President of SG Blocks.
The home was delivered in conjunction with ConGlobal, Inc., SG Blocks' partner.
"Delivering this product was a collaborative effort between our two companies. The client came to our depot inquiring about using containers to build his home and we brought in SG Blocks' expertise in engineering to make it work seamlessly," said Keenan Cooper, General Manager of ConGlobal's Jacksonville facility.
About SG Blocks:
SG Blocks is a premier innovator of commercial and private environments utilizing code-engineered cargo shipping containers. Servicing some of the world's biggest companies and government agencies, SG Blocks produces cost effective container-construction technology that exceeds many standard building code requirements. SG Blocks works with developers, architects, builders and owners to achieve faster execution, stronger high-value buildings, and greener construction. For more information, visit www.sgblocks.com.
Cautionary Note Regarding Forward-Looking Statements:
Information in this press release that involves the expectations, plans, intentions or strategies of the Company 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 the Company's 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 the Company as of the date of this release, and the Company 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.
SG Blocks, Inc.
New York, New York, UNITED STATES
Day's Range: 0.15-0.20
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Market Cap: 6.42M
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