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CNGI Concordis Group Inc (PK)

0.12
0.00 (0.00%)
19 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Concordis Group Inc (PK) USOTC:CNGI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.12 0.12 1.20 0.00 21:00:10

Concordis Group Announces Modular Micro-Apartment Strategy For Dallas-Based Developer

17/06/2015 10:00pm

PR Newswire (US)


Concordis (PK) (USOTC:CNGI)
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DALLAS, June 17, 2015 /PRNewswire/ -- Today, Concordis Group, Inc. (OTC Markets:CNGI) makes one strategic announcement:

Concordis Group, Inc. CNGI:OTC board of directors is pleased to announce a strategic plan for its subsidiary; GC Blackstone (www.gcblk.com) its' Dallas based commercial and residential building and development company.

CNGI is developing a "Micro Apartments" mid rise building with 60 units of modular condos/apartments designed for the urban millennial, addressing the need for affordable housing in high cost markets.

Micro apartment homeowners and tenants trade off a small but upscale living space for affordability and the convenience of living close to work, entertainment and public transportation.

Blackstone Micro Tower is currently in design stage with an award winning architectural team that have successfully designed and build modular apartment buildings in New York. Blackstone Micro Towers will become the first brand name in the modular apartment buildings industry.

The Blackstone Micro Towers design is upscale and unique, with high ceilings, glass walls, high tech convertible interiors and balconies, but built in a modular fashion, off site and stacked onsite. The building is being designed to be built by any of the hundreds of modular home factories nationwide to our specs, allowing CNGI to build a branded cookie cutter, delivering style and convenience to the affordable housing market.

As designer, builder and developer of the brand Blackstone Micro Towers, noted Joseph Donahue, CNGI's Chairman, "That CNGI should benefit from 20-plus percent margins and the ability of the company to scale up quickly with ease of growth due to market demand, speed and simplicity of construction."

The company is in the process of selecting the sites for our first Micro Towers in Dallas and in the Los Angeles area.

About The Concordis Group, Inc:

Concordis Group, Inc., a Maryland corporation, (www.otcmarkets.com/stock/CNGI/profile) is a publicly traded holding company acquiring profitable growth companies to create value for its shareholders.

Forward Looking Statements:

This press release contains forward-looking statements that reflect the current expectation of management of The Concordis Group Inc. (the "Company") regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Sparking Events, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/concordis-group-announces-modular-micro-apartment-strategy-for-dallas-based-developer-300100881.html

SOURCE Concordis Group, Inc.

Copyright 2015 PR Newswire

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