IHSI Announces Cresent
Construction Has Major Role To Play In Overall
Business Strategy
Sacramento,
CA -- February
01, 2018
-- InvestorsHub NewsWire -- Intelligent Highway Solutions, Inc.
(OTC
PINK: IHSI) announced today
that the
last three months sales results for Cresent
Construction Co, Inc. exceeded $1.3M.
Devon Jones,
CEO of Intelligent Highway Solutions stated, "It's time we began
discussing the incredible
value that
Cresent Construction brings to our company. For the
prior three
months,
Cresent finished with over $1.3M in sales. Twelve month
sales
are
expected to
exceed $5.5M. Also, Cresent has over $10M
in projects backlogged for 2018 already with other projects in
negotiations. What has us
extremely
excited is the
future of this division and how it will positively
impact the overall business strategy."
Mr. Jones
continued with, "The Cresent team will be with us when we meet
with HelpComm to
discuss telecom contractor projects in North Carolina, South
Carolina and Virginia. Cresent is setting up an Electrical
&
Telecom division at the North
Carolina headquarters in order to take advantage of these
opportunities and eventually as a conduit for
introducing the Tripac
Systems
PAS technology to Duke Energy and other utility companies in
the southeastern United
States."
Intelligent
Highway Solutions recently announced that their subsidiary, Fazync
Corporation will become an integral part of the Tripac Systems
Phase Angle Synchronization (PAS) rollout that allows utility
companies to recycle wasted electricity. The Bravatek
connection
has
created new opportunities for
IHSI in
the energy/utilities industry and Cresent Construction will
play an integral part in several projects over and above its
core
construction operations.
Keith
Gabriel, who runs the day to day operations for Cresent stated,
"The opportunities in our geographical
market
are substantial.
Our core construction
business has exploded recently
with lucrative
projects planned
through year end. Combine that with our new working
relationship with Bravatek, and Cresent has become an
integral part of the overall IHSI business model."
Mr. Jones
finished up with, "For our current investors,
we want you to know that there is still pending litigation with TCA
as we have filed a complaint in Florida against their
company. We have hired a legal team
that has experience with TCA. Yes, it has been a setback,
but we
are very optimistic about resolving the dispute with
them
this year.
We want
to thank
you all for your support and will share further news in the coming
weeks."
About Intelligent Highway Solutions,
Inc:
From full turn-key general contracting, to LED lighting retrofits,
HVAC and temperature control upgrades to solar renewable energy
systems, Intelligent Highway Solutions, Inc. provides technology
driven solutions for commercial, industrial, and municipal
facilities. Our subsidiary, Fazync Corporation is responsible for
the installation, monitoring and maintenance of the Tripac Systems
Phase Angle Synchronization (PAS) rollout that allows utility
companies to recycle wasted electricity. In addition, our
subsidiary, Cresent Construction, located in Concord, North
Carolina is a full-service general contractor providing design,
installation and construction management services.
Forward Looking Statements: Any statements contained herein
that are not historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made subject to
certain risks and uncertainties, which could cause actual
results to differ
materially from those presented. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only to the date such information was released. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after
release of this information.
Contact: Paul
Knopick
Pknopick@eandecommunications.com
940.262.3584