First Western Ship Transits Strait of Hormuz Since Iran War Began 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Apple Turns 50: From Garage Startup to AI Crossroads 
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Nike Beats Q3 Estimates but China Weakness and Margin Pressure Weigh on Outlook 
Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment 
Norma Group Posts Revenue Decline in 2025, Eyes Modest Recovery in 2026 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Luxury Car Sales in the Middle East Take a Hit Amid Iran War 
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand 
Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Milan, Italy, Sept. 13, 2016 -- Auscrete Corporation CEO, John Sprovieri held meetings with investors in Milan recently to finalize details of a $16 million funding package that will enable their 1,500 home residential construction development in Jamaica to proceed. Acquisition of the financing will be on a long term interest only basis with the principal repayable at the end of the term. Mr. Sprovieri said that the interest rate is very competitive in today’s market for international finance and there is no dilution of the company’s shares.
Mr. Sprovieri added “This financing will enable us to complete the acquisition of the land in Jamaica’s Northwest not far from Montego Bay. We will then set about final site planning and utilities figuration for the home sites in preparation for the systematic building of the homes”.
The company plans to construct a building materials manufacturing plant close by the residential housing estate where they will use their proprietary technology to construct 1,500 affordable homes, valued at approximately $135 million, over the next 5-6 years.
A Company spokesperson said that Auscrete Corporation had also been looking for opportunities to set up building materials production plants in other parts of the Caribbean, Central America and Mexico using the same standardized process that will be used in Jamaica.
“Of course, we are not overlooking our own home needs as the company has also defined financing to set up 2 new plants here in the US. One in Texas and one in Oregon” the spokesperson added.
Safe Harbor: Statements in this press release may constitute forward looking statements and are subject to risks and uncertainties. As like all investments, the company’s future capital needs could be affected, the lack of market demand for any new or enhanced projects the company may develop. The actual results may differ materially from those in this press release. The company disclaims any obligation to update any statements contained in this press release.
###
Auscrete Corporation Investor Relations - Lee Odom /IR Spokesperson 305 853 8404 - [email protected] Corporate Business - John Sprovieri / CEO 541 739 8298 - [email protected] www.auscretehomes.com
