Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Rufus, April 05, 2016 -- Auscrete Corporation (“ASCK”), manufacturers of affordable “GREEN” housing built of their highly energy efficient hybrid concrete, announced Friday that it had signed an agreement with PN&N Enterprise Ltd., a Jamaican Consortium, for the construction of 1,500 homes, with a total value of US$135 million, on a number of Jamaican estates PN&N will acquire over 7 years. PN&N is a property developer in Jamaica and the construction agreement is contingent upon acquisition of land.
Auscrete will construct a manufacturing plant on the Island of Jamaica as early as later this year and start construction of the homes by early 2017, following completion of the first estate development.
Howard Mills, president of PN&N Jamaica, said that the homes will be between 1,100 and 1,500 square feet and typically be 3 bedroom detached single and two story, although there will be some multi-unit housing. He added that “Auscrete’s homes are a perfect fit for Jamaica. Concrete has been the main construction material here for many years and these advanced technology site built homes constructed by Auscrete are a perfect fit. They can be produced economically so they fall into the price range that lower to middle income purchasers can afford.”
“There is a vast shortage of housing in Jamaica and it gets worse year by year. The important thing was to keep the unit price under US$100,000.” Mr. Mills added.
John Sprovieri, Auscrete’s president said ”What a shot in the arm this is for Auscrete. These negotiations have been going on since October last year and it became apparent that Auscrete would be the manufacturer about a month ago after much due diligence by PN&N. This really validates Auscrete’s new high tech advancement in GREEN building construction for today’s affordable residential housing and commercial market.”
Contact: 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 # # #
