CANTON, Ohio, March 01, 2018 -- Concrete Leveling Systems Inc (OTC PINK:CLEV) (the Company) and Jericho Associates, Inc (Jericho) announced today that on February 25th, 2018 the parties entered into an agreement whereby Jericho has fulfilled its obligation of identifying a Business Opportunity for the Company. Jericho has identified the acquisition of 50% interests in Cobblestone Group, LLC, and 50% interest in Parable Partners, LLC (the LLCs). The LLCs have a Term Sheet agreement to develop a casino and hotel resort, and provide certain gaming equipment on a shared profit basis. The contemplated $300mil+ project is in the process of regulatory review, finalization of closing documents, and completion of financing. The development as currently planned consists of 160,000 sq ft gaming facility with multiple restaurants, bars and lounge, a parking structure and hotel with related amenities.
While advancing the identified project forward Jericho is also exploring other opportunities in the commercial and gaming industries, as well as the hospitality and related complementary entertainment space. Other areas of interest to Jericho are skill based games, e-sports, fantasy sports and social casino gaming. Jericho is currently conducting diligence on a live dealer social casino gaming company that is in the advanced stages of development and live game testing.
Jericho plans to leverage its growth and expansion plans off its team of skilled and experienced casino gaming, hospitality, and entertainment professionals serving Jericho as business development advisors in pursuing and analyzing opportunities, and adding value to those assets if acquired. Those advisors have a combined more than 100 years of experience in the gaming and resort industry.
CLEV will continue operating its concrete leveling business as its core business while the development of its gaming & hospitality division matures. The identifying of the new Business Opportunity is a major step in that direction.
Safe Harbor Statement
Forward Looking Statements of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of Concrete Leveling Systems, Inc. ("CLEV" or the "Company"). Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although the Company's management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause the Company's actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, which are available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, the Company specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.
Contact:
Edward A,. Barth
[email protected]


UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised
Heineken H1 Operating Profit Meets Forecast as Beer Volumes Beat Expectations
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns
OpenAI Restricts Astra AI Over Cyberattack Risks
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 



