Auscrete Corp. (OTC Pink: ASCK) is a specialty building materials manufacturer, which are made to be energy efficient and are resistant to fire, hurricanes, and earthquakes. Shares of the building materials manufacturer are jumping 29.73%, through early trading on Monday, November 20, 2017. Over the past month, Auscrete Corp. has seen average daily volume of 1.68 million shares. However, volume of 1.1 million shares or dollar volume of $26,400, has already exchanged hands on the day.
Shares of Auscrete Corp. are rallying today, after the company announced that it has seen an increase in demand and interest in its building materials. As the South continues to clean up after a wave of devastating hurricanes and California looks to rebuild after massive fires have destroyed homes, the company’s building materials are coming into focus. The company has been approached by outside developers and expects more information shortly. Here is the full press release detailing of the building interest in its materials:
Auscrete Corp. Press Release:
Rufus, OR — (SBWIRE) — 11/16/2017 — Auscrete Corp. – (OTCMKTS:ASCK) has seen a tremendous spike in both the activity and price per share of its stock. Management of ASCK believes this is directly attributable to several positive factors for ASCK.
In the recent months, due to the devastation brought on through such disasters as Hurricanes in the South and Fires in California, ASCK has seen a dramatic spike in interest of their Hybrid Encapsulated Insulated, Thermally Efficient, Specialty Concrete Homes that Won’t Burn and are unaffected by Being Underwater in those types of areas.
The fact that these affordable homes can be standing in just days, rather than many months, also has severely added increased interest in light of the tremendous loss of available living space.
There have been many inquiries regarding ASCK being a contender for contracts for replacing many of these homes. Interest is from Construction Companies, Developers and Home-owners alike.
ASCK has been reluctant to discuss this need openly, due to the pain and suffering these disasters have created. But due to the recent stock activity, it needed to be released and addressed.
Let’s bottom-line this scenario for ASCK. Right now, there are estimates of 9,000 homes destroyed in California alone. Should ASCK garner just 5% that would be to build 450 homes in California. Combine that with 100 homes already projected for the Pacific Northwest, from the same facility in Goldendale, WA that totals approximately 550 homes over a 2-year period of production.
These numbers translate into 550 homes, at an average conservative turnkey price of $150,000, produces revenues of $82.5 million over 2 years. With a net income of around 25%, this would potentially produce $20.5 million or about $10.25 million per year.
With the addition of 2 extra production buildings at the Goldendale Plant, currently slated to commence production in February and with the ability to deliver Auscrete’s building products to sites over 1,000 miles away, the new facility could effectively produce 350 homes per year.
The company believes that 2018 looks to be both very exciting and rewarding for all of those involved with ASCK.
About Auscrete Corp.
Auscrete Corp. (OTCMKTS:ASCK) is a building materials manufacturing company and constructor of “GREEN” energy efficient housing and commercial structures built from Auscrete developed lightweight hybrid concrete/insulation wall and roof panels. Structures built of this medium have very low maintenance needs and, being concrete, are highly resistant to insects and mold. They have considerable mass and are highly resistant to hurricane forces and earth tremors. They will not catch fire and burn. Auscrete is planning to establish their Flagship Facility in Goldendale, WA.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company’s identity protection software products into various channels and market sectors, the issuance of the company’s pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.