SILVERDALE, WA / ACCESSWIRE / September 30, 2014 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has begun fulfillment of the first of three (3) contract orders for sand and gravel to Stevens County Department of Public Works. The purchase orders request the restocking of three (3) of the county's sand depots in anticipation of the winter months. The material is used in the sanding of county roads which provides for traction and helps with de-icing and anti-icing during the periods of snow and ice. The county has estimated a minimum fulfillment amount of 10,000 yards, at $3.23 per yard, but could total 15,000 yards when complete.
"Individually these recent contracts may not set records," stated Bill Wright, CEO of CGrowth Capital, Inc. "However, accretive and over time the contracts will prove to be a foundation for reoccurring revenue for the Company. Establishing contracts with the county government has taken some time, but these are solid orders that will open the door to additional government contract fulfillment, expanding customer base, and future products sales."
The Company has access to in excess of 2,000,000 yards of sand and gravel under a 20 year lease acquired and announced earlier in the fiscal year. The sand and gravel pit represents one (1) of the dozen (12) quarries the Company acquired under a master lease in April 2014, which included sand and gravel, dolomite, terrazzo, and silica. The Company is continuing to explore sales channels, partnerships, and product development for its quarry material and products.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
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Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE: CGrowth Capital, Inc.