SG Blocks Wins $4.0 Million Hospitality Manufacturing Contract in South Florida
July 06 2020 - 9:00AM
Business Wire
SG Blocks, Inc. (NASDAQ:SGBX), a leading designer,
fabricator and innovator of container-based structures, announced
today it has executed a $4.0 million contract to manufacture a
boutique, mixed-use hospitality project with a leading
Florida-based general contractor.
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Located amongst the Everglades, plans for the development
feature 24 hospitality units to be made available for guests, as
well as a dining component all centered around a most beautiful
setting.
The contract is expected to commence in August 2020 and to be
completed in the first quarter of 2021.
“The design and location of the project are ideal for eco-chic
hurricane resistant hospitality units. Our International Code
Council approved containers create quite comfortable interiors
while being fully resilient for life in coastal areas,” said SG
Blocks Chairman & CEO Paul M. Galvin.
About SG Blocks, Inc.
SG Blocks, Inc. is a premier innovator in advancing and
promoting the use of code-engineered cargo shipping containers for
safe and sustainable construction. The firm offers a product that
exceeds many standard building code requirements, and also supports
developers, architects, builders and owners in achieving greener
construction, faster execution, and stronger buildings of higher
value. Each project starts with GreenSteel™, the structural core
and shell of an SG Blocks building, and then customized to client
specifications. For more information, visit
www.sgblocks.com.
Forward-Looking Statements
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions and
include statements regarding our plans to manufacture a $4.0
million boutique, mixed-use hospitality project in South Florida,
commencing the contract in August 2020 and completing the project
in the first quarter of 2021. While we believe these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are subject to various risks and
uncertainties, many of which are difficult to predict that could
cause actual results to differ materially from current expectations
and assumptions from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from current expectations
include, among others, our ability to complete the hospitality
project as expected, our ability to position SG Blocks for future
profitability, our ability to maintain compliance with the NASDAQ
listing requirements, and the other cautionary statements discussed
in our Annual Report on Form 10-K for the year ended December 31,
2019 and our subsequent filings with the SEC, including subsequent
periodic reports on Forms 10-Q and 8-K. The information in this
release is provided only as of the date of this release, and we
undertake no obligation to update any forward-looking statements
contained in this release on account of new information, future
events, or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200706005110/en/
Media Rubenstein Public Relations Christina Levin Account
Director (212) 805-3029 clevin@rubensteinpr.com or Investor
Relations James Carbonara Hayden IR (646) 755-7412
james@haydenir.com
Brett Maas Hayden IR (646) 536-7331
brett@haydenir.com
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