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ASCK just announced huge news: Auscrete Corp. in $19.6 Million Affordable Housing Development Next Spring (Read Full Press Release Below)
PRESS RELEASE:
Auscrete Corp. in $19.6 Million Affordable Housing Development Next Spring
Rufus, OR, Dec. 01, 2015 (GLOBE NEWSWIRE) -- Auscrete Corporation, “ASCK” on the OTC, manufacturers of energy efficient specialty concrete site built affordable housing, announced Friday that they have sourced first level financing to establish their new building and casting plant. This will enable Auscrete to commence a contract starting next Spring for the construction of 130 affordable family homes.
The $19.6 million contract will take 3 years to complete and there are indications that it could be extended to include a further 92 homes. The two housing estates have acceptable requirements for exterior appearance rules and the homes will range generally from Southwestern to Spanish and Ranch style.
The new plant will be able to produce the equivelant of 100 homes per year or a combination of residential and commercial structures. Auscrete’s existing pilot plant has a capacity output of only 4-5 houses per year.
Auscrete CEO, John Sprovieri said that the housing recession appears to have finally ended and all indications are that there is a buoyant and thriving developing housing market.
Further information about the company can be found at www.auscretehomes.com
About The Company:
Auscrete Corporation (ASCK) is an Oregon based manufacturer and construction contractor for go-green, energy efficient housing and commercial structures.
ASCK’s mission is to not only extend the life of structures by centuries, and not years, with “green” materials, but to also produce houses that are affordable and within reach of those Americans unable to afford construction of today’s housing prices. Through the use of a specific housing material and method commonly seen in Australia, ASCK’s structures are built from a proprietary technology of a lightweight aerated concrete made from the two most basic and abundant materials, cement and sand, and from a non-toxic, bio-degradable surfactant that creates the energy reducing properties. The concrete is strong, weather-resistant has insulation levels of extreme lengths, provides excellent sound reduction and is fire resistant. More importantly, the company’s concrete requires only 50% of the raw material needed for standard concrete, weighs nearly half of the standard 90lb – 105lb concrete of today and because of its light weight, makes transporting in large sections truly economical.
With soaring ceilings, gourmet kitchens, open plan interiors, garages, lots of storage room, and more importantly, a proven energy reduction of heating and cooling, the company creates the opportunity for residential, multi-unit housing, and commercial structures to be built for less than $100 per square foot and construction to be completed in a matter of days.
Currently, ASCK operates at a plant in Oregon, but has Recently Expanded Housing Production Facility that will enable the company’s capability to produce in excess of 100 homes per year and potentially generate yearly revenues exceeding $19 million. The newly expanding facility falls in line with the company’s intent to expand to five -six additional production facilities around the nation, potentially in Texas, California, Massachusetts, and Illinois, to be within 1,000 miles of target markets.
The new regarding ASCK's intent to build six additional housing production facilities should have traders licking their chops to buy up shares.
We're looking at the possibility of an extra $120 million in revenue for ASCK in the very near future!
Any further news regarding these new production facility plans will almost certainly drive up ASCK's share price!
Market Outlook:
The national average for construction of a single-family home stands at about $125 per square foot, excluding the purchase of land.
In 2013, the U.S. market for green building materials total $40 billion and increased to $43.8 billion in 2014.
Market analysts predict it will reach $69 billion by 2019 however other analysts estimate the U.S. green building materials market could reach $86.6 billion by 2017.
Structural materials alone is estimated to total $43.8 billion by 2019.
The market for green building is expected to see above-average growth rates through 2019 as there is an increasing demand for sustainable building products and a national push toward the adoption of environmentally-friendly building practices.
According to a report by the U.S. Green Building Council (USGBC), as of April 2014 over 4.3 million people live and work in Leadership in Energy & Environmental Design (LEED)-certified buildings.
The USGBC also reports that over 500 U.S. companies, including many Fortune 500 companies, are involved in the production, design, and construction of green building materials, but is expected to rapidly grow as more building owners and investors are becoming aware of the potential green building brings.
By 2018, 62% of firms building new single-family homes will do 84% of their projects green.
The U.S. is currently doing a “Better Building Challenge” that aims to make residential, commercial, industrial, and public buildings at least 20% more energy efficient within the next 10 years.
Technical Analysis:
As we mentioned above, shares of ASCK dropped (-70%) today, creating the ULTIMATE 'Buy on the Dip' opportunity for traders!
Traders now have the chance to grab up shares of ASCK at a near 70% discount from last Friday's closing price of $0.99.
ASCK appears to have found its bottom and leveled off at $0.30, leading us to believe that this tiny float stock is ready to bounce back hard for easy double, possibly triple-digit gains!
OTC markets lists ASCK's float as just 2.8M, which at its current price means that there is only $840K worth of shares available to the public for trading.
With a float that tight traders should have several opportunities to cash in on some very profitable price swings.
A run back to last Friday's closing price of $0.99 would result in gains of +230%!
That would be like more than tripling your money in just one trade!
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