Rufus OR, May 12, 2016 (GLOBE NEWSWIRE) — Oregon Based Auscrete Corporation (“ASCK”) announced today that it has signed an equity finance acquisition agreement with New York based TTC group to secure a $16 million investment. The financing will be used for advancement of their 1,500 home real estate housing development planned for the Montego Bay area of Northwest Jamaica.
Auscrete’s President, John Sprovieri said ” the Auscrete management team is very excited about the execution of this finance acquisition agreement, given TTC Group’s record of achievements. By the execution and signing of this agreement we are confident this will accelerate our path to enhancing shareholder values with a clear vision to the future. This takes us one huge step toward our ultimate aim of having a building materials manufacturing plant on the ground in Jamaica by the latter part of this year so we can start housing construction.”
Dale Shirley, president of Big Reach Media, Inc. stated “It was my pleasure to introduce the TTC group to John Sprovieri and the Auscrete company. I’ve been working with the TTC group for some time now on a number of different projects and I’m excited about getting the 2 companies together. Auscrete has a number of big projects that they’re working on bringing into the company and, with the assistance of the TTC group, I believe we’ll have a better chance of success of locking down any future funding and getting these projects initiated so we can escalate shareholder value. “
Lee Odom, an IR consultant for Auscrete also added that “this will set up Auscrete Corporation for both an exciting and revenue producing period in both of the 3rd & 4th quarters of 2016. Auscrete will always be exploring other opportunities to enhance shareholder values…both in the near-term & longer-term as well. Although Auscrete is an established US corporation, Jamaica as a location will likely become a flagship for Auscrete Corporation throughout their Caribbean & Central American direction.”
Auscrete Corporation John Sprovieri / CEO 541 739 8298 [email protected] www.auscretehomes.com Big Reach Media Inc. Dale Shirley, President 780-632-6963 [email protected] www.bigreachmedia.com