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Auscrete Corporation (ASCK) production commenced with first $1 million order on books
Auscrete Corporation (ASCK) production commenced with first $1 million order on books.
About this update from Auscrete Corp
[{"type":"text","content":"\nGOLDENDALE, Wash., July 24, 2019 (GLOBE NEWSWIRE) -- Auscrete Corporation (OTCQB: ASCK) – launched production of its hybrid concrete building panels, which are highly energy efficient, fire-retardant, structurally superior while remaining affordable, at their new plant in Washington State.\n With this $1 million, 8 housing unit order being produced right from day one, ASCK will begin putting up substantial revenues as has been expected. This order has been waiting in the wings for ASCK to commence production, due to the overall quality and affordability of the final ASCK product. Since the on-site delivery locations are close to the production facility, ASCK will expect to come in at the high-end of the range for its projected net margins of 24-26%.  Right from this launch of production. ASCK can firmly realize a net contract profit at their bottom line of approximately $250,000. ASCK is virtually debt free so will only need to meet projected normal incurred ongoing operating expenses. This is exactly the blueprint that been developed by the CEO & Founder of ASCK, Mr. John Sprovieri. Besides the 8 units online for the production right now, there are another 17 houses for contractors in CA that are ready to sign contractual commitment with ASCK, once a production schedule can be established. These will add an additional layer of around $2.5 million of revenues. With such an explosive bottom line predicted, ASCK’s quandary will be the ability to supply product. Continuous monthly inquiries by developers and small regional home builders regarding the possibilities of signing up for 15 – 20 contracted homes each per year are numerous. Presently there are 1-2 such inquiries like this per month. As production launches with an aggressive awareness campaign going forward these numbers will only grow. Signing on a few contractor accounts like these will give ASCK a tremendous backlog and workload right from the start of production.  Each contractor or developer account will be worth $1.8 million to $3.2 million in revenues per annum for ASCK, and at that time, the Company will be able to make predictable and obtainable quarterly revenue projections going forward, with little room for any deviation or errors. The Company still has options to obtain property on the Industrial Estate in Goldendale, WA and e...