Auscrete Corp. (ASCK) to Boost Output following Huge Developing Market Recognition
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GOLDENDALE, Wash., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTC: ASCK) (the “Company”) announced that earlier this month, Auscrete’s CEO, John Sprovieri was asked to address a meeting of WUHAG (Western US Housing Assist Group) in Vancouver, WA. This newly organized institution can best be described as a “think tank” exploring avenues to develop methods to provide relief of housing shortages over many population bases affected by the ongoing habitat crisis. Its members include representatives of many different help associations.
Auscrete has developed considerable recognition in this field since their association earlier last year in the development of VA housing modules and structures. The invitation for Auscrete to address the group came through those channels.
It appears that there are 5 main segments of these populations that need to be examined as a priority due to the relative urgency of their current condition. These can be broken down to VA personnel assistance, homeless persons on the street, warming centers used during adverse weather conditions, temporary shelter while awaiting housing assistance and resource centers for the homeless such as The National Health Care for the Homeless (HCH Testing for COVID-19 in Homeless Shelters and Encampments).
Auscrete can assist to meet some of these needs as a manufacturer of specialized building materials used in the construction of residential structures as small as 100 sq. ft. to regular homes and commercial buildings as big as thousands of sq. ft. The Company has one of their production lines dedicated to dwellings in the 100 to 1,000 sq. ft. size.
Most of these small structures come complete with floor and are used as temporary premises during reconstruction of homes that may have been decimated by fires. Some of the qualities of Auscrete products include being manufactured of thermally efficient specialized concrete. They can just sit on the ground without attachment. The cement based material doesn’t burn so will withstand fires and the cost of this type of unit is generally well below that of other wooden structures at around $80 per sq. ft.
With the amount of business projected to fill this developing market, the Company will need to consider adding an additional manufacturing facility sometime later this year.
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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