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Auscrete Corporation (ASCK) - Funding to resume

GOLDENDALE, Wash., Nov. 14, 2018 (GLOBE NEWSWIRE) -- According to Company spokesman Lee Odom, on Monday, November 12th, ASCK CEO, John Sprovieri had a one-on-one meeting with RB Capital, the primary funder of ASCK.  At this meeting, Mr. Sprovieri was informed by the Managing Partner of RB Capital that the funding for the launch of ASCK’s new facility, which has been delayed the past few months, is expected to resume.  The dates given, are as early as November 19th and no later than November 23rd.    

/EIN News/ -- As these days approach, people should expect significant increases in the daily advances towards the launch of the Goldendale facility, with increases in both Press Releases along with Auscrete Blog posts. This should be reflected in the price per share of ASCK fairly quickly since, in the company’s opinion, there is very little stock really for sale at the present time.

Recently through both phone and email correspondence, ASCK has been told repeatedly by investors that they have been waiting for the next step in the launch process, before investing further funds.

Company spokesman Lee Odom was quoted as saying “one of the first things on the docket as the funding resumes is up-listing to the OTCQB.  He added “the paperwork is filled out and on my hard drive ready for submission.”  He also said the up-listing will open up ASCK stock to new pools of money as it will get in front of a different level of investors, plus this will pave the way for larger firms to allow their clients to invest in ASCK.”

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. 

Lee Odom
EVP of Business Development
Director of Investor Relations
Phone: 305 853 8404

Distribution channels: Building & Construction Industry

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