RANCHO SANTA MARGARITA, CA, Oct. 11, 2022 (GLOBE NEWSWIRE) — by way of NewMediaWire – Power Americas Resource Group Ltd. (the “Company” or “PARG”) (OTCMarkets: PARG), a publicly traded, absolutely reporting rising development firm, is happy to that it has just lately acquired varied property regarding 3D/4D printing expertise to be used within the residence development business. Additionally, the Company has appointed new officers and administrators with the only aim of quickly implementing its new business mannequin.
On September 9, 2022, the Company acquired particular property regarding 3D/4D printing from a person. A number of days later, Mark Croskery was appointed because the Company’s new Chief Executive Officer, Chief Financial Officer, Treasurer, and Director. Mr. Croskery has a wealth of expertise within the monetary business whereas different current appointments to the Company’s board or administration have efficiently developed different cutting-edge applied sciences.
“This news marks the beginning of a new chapter for the Company, and we are extremely excited that we were able to complete this acquisition, as we believe we are on the cusp of a truly revolutionary moment in an industry that has been relatively static for decades. New 3D/4D printing technology and emerging techniques present unlimited growth potential in the home construction industry. Early adoption and implementation of this exciting technology should propel the Company’s anticipated growth to the next level. The acquisition of these assets should enable us to build our own 3D/4D printer for use in the construction industry,” acknowledged Mr. Croskery, the Company’s CEO.
“Our goal is to develop our own printer which will enable us to build homes about 70% faster and at a much lower cost than through traditional home construction methods. We are in a position to direct our own future, we believe with hard work and dedication to this exciting technology, we can leave a meaningful and lasting footprint on the construction industry,” concluded Croskery.
For extra data concerning the Company’s acquisition of the aforementioned expertise and details about the Company’s newly appointed officers and administrators, please see our Supplemental Information filed on the OTC Disclosure & News Service on September 13, 2022 and our Current Report on Form 8-Ok filed with the Securities & Exchange Commission on September 15, 2022.
ABOUT US:
Power Americas Resource Group Ltd. (PARG) has developed a 3D/4D printing expertise to be used within the development business, which is able to reduce the time and value of constructing housing. We print “green” properties with out utilizing arduous chemical compounds using our proprietary printing strategies, proprietary concrete, and our intimate information of large-scale 3D and 4D printing processes. Our printer is a large-format portal COP-printer with enhanced efficiency for printing components of buildings, buildings on foundations with an space of 12 x 100 m and a top as much as 12 m. The printer might be expanded to incorporate a high-pressure washer and a provide station for synchronized concrete mixes. We will make use of the latest and most revolutionary 3D/4D printing strategies, together with using new supplies, like graphene concrete components, antibacterial coatings, micro-fittings, and new development applied sciences permitting us to make housing sooner, higher, extra sturdy, and extra inexpensive even for growing nations. We plan to deal with “low hanging fruits” the place we’ve got high degree relationships with determination makers, with most deal with North and Latin/Central America. We will initially focus solely on securing contracts with roughly 25 to 75 properties to print as we search to validate our business mannequin. Our imaginative and prescient is to create inexpensive, inexperienced housing by and thru the implementation of our 3D/4D printing mannequin and course of into the development business.
SAFE HARBOR FORWARD LOOKING STATEMENTS:
This press launch could comprise ahead trying statements which can be based mostly on present expectations, forecasts, and assumptions that contain dangers in addition to uncertainties that would trigger precise outcomes and outcomes to vary materially from these anticipated or anticipated, together with statements associated to the quantity and timing of anticipated revenues associated to our monetary efficiency, anticipated income, contracts, and future development for upcoming quarterly and annual intervals. These dangers and uncertainties are additional outlined in filings and reviews by the Company with the U.S. Securities and Exchange Commission (SEC) and on the OTC Disclosure & News Service (OTCDNS). Actual outcomes and the timing of sure occasions might differ materially from these projected in or contemplated by the forward-looking statements resulting from numerous elements detailed on occasion in our filings with the SEC and/or OTCDNS. Among different issues, the Company could not have the ability to maintain development or obtain profitability based mostly upon many elements together with however not restricted to the chance that we won’t be able to search out and safe development contracts and the mandatory property that may allow us to develop into worthwhile. Reference is hereby made to cautionary statements set forth within the Company’s most up-to-date SEC and/or OTCDNS filings. We have incurred and can proceed to incur important bills in our improvement stage, noting that there isn’t a assurance that we’ll generate sufficient revenues to offset these prices in each the close to and long run. New strains of business within the development business could expose us to extra authorized and regulatory prices and unknown publicity(s), the influence of which can’t be predicted at the moment.
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CONTACT INFORMATION:
30211 Avenida de Las Banderas
Suite 200-2002
Rancho Santa Margarita, CA 92688
www.parg.properties
(833) 745-6642
[email protected]
