Rufus, March 30, 2016 (GLOBE NEWSWIRE) --
AUSCRETE CORP. SIGNS $5 MILLION EQUITY FUNDING CONTRACT TO START MANUFACTURING OPERATIONS
Rufus, OR. 3/28/16 - Auscrete Corporation, “ASCK” on the OTC, manufacturers of energy efficient specialty concrete site built affordable housing, announced Monday that they have secured first level equity financing to establish their new building and casting plant. This will enable Auscrete to commence a $19.6 million agreement starting next Summer for the construction of 130 affordable family homes.
The new plant will be able to produce the equivalent of 100 homes per year or a combination of residential and commercial structures. This availability of finance gives the company the ability to complete their new production campus. Additionally, there is sufficient capital to commence a satellite production facility in the Texas triangle with San Antonio being the projected base of operations.
“Auscrete can construct housing up to 1,000 miles from their plant and still retain extremely competitive pricing” stated Dale Shirley, President of Big Reach Media, an IR firm recently signed on with Auscrete. He added that “It is likely that the current new housing market will continue to increase at a respectable pace that allows Auscrete to be ready for considerable expansion in the near future.”
Further information about the company can be found at auscretehomes.com