GOLDENDALE, Wash., June 08, 2020 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTC: ASCK) announced today that as the lock down phase is ending in Washington State, which is Auscrete Corporation’s home base, the Company is receiving much awaited materials used in the production of their Affordable Housing, Commercial Structures and their “Haven for the Homeless Community” Multi-Unit Development Project Initiative. ASCK management sees this as a perfect scenario for jump starting their return to production phase. Sixty-ton batches of cement and truckloads of processed aggregate, used in ASCK’s proprietary blending process, are now filling the Company’s silos and inventory store to deliver on an earlier commitment of panels for 10 mid-size homes. These homes are to be built in the Columbia Gorge area of the Pacific Northwest.
Because the size of the structures will not place undue stress on the re-launch, whilst at the same time being in the operational sweet spot, ASCK can still expect to hit its magic number of margins in the eye-popping range of around net 22%. These projected margins remain easily within ASCK’s grasp, since the company has no monthly debt service, only the G&A that forms normal operational expenses.
According to management of ASCK, while these units of housing are the perfect size for the re-launch phase to begin with, Auscrete buildings can range from large Commercial and Industrial Structures down to “Tiny Homes” as small as 80-500 sq. ft. The building materials are made with Auscrete’s proprietary hybrid low mass concrete technology. The panels are attracting much attention from developers and contractors alike because the final structures have the strength of concrete and are highly insulative for temperature and sound.
The specialty roof and wall panels will not burn and houses exhibit extreme weather proofing capabilities while requiring the lowest annual maintenance in the industry and an additional feature coming under more light is that these panels are also hypo-allergenic. This is becoming of more importance as the health of one’s family becomes an ever-increasing focal point as the USA fights its way nearing the ending of the pandemic.
Auscrete’s trading symbol on the OTCPink bulletin board is “ASCK”. The company is a fully reporting public company.
SAFE HARBOR
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Auscrete Corporation assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Auscrete Corporation. Investors are encouraged to review Auscrete Corporation’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.
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CONTACT: For more information,
Investor Relations
Info@auscretehomes.com
Lee Odom
305-853-8404
www.auscretehomes.com