Rufus OR, May 12, 2016 (GLOBE NEWSWIRE) — Oregon Based Auscrete Corporation (“ASCK”) announced today that it has signed an equity finance acquisition agreement with New York based TTC group to secure a $16 million investment. The financing will be used for advancement of their 1,500 home real estate housing development planned for the Montego Bay area of Northwest Jamaica.
Auscrete’s President, John Sprovieri said ” the Auscrete management team is very excited about the execution of this finance acquisition agreement, given TTC Group’s record of achievements. By the execution and signing of this agreement we are confident this will accelerate our path to enhancing shareholder values with a clear vision to the future. This takes us one huge step toward our ultimate aim of having a building materials manufacturing plant on the ground in Jamaica by the latter part of this year so we can start housing construction.”
Dale Shirley, president …