Subject: ASCK is Now Funded for Previously Announced Massive Jamaican Housing Project

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ASCK is Now Funded for Previously Announced Massive Jamaican Housing Project
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Company: Auscrete Corporation (Pink Sheets: ASCK)


Price: 0.0417

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Auscrete Corporation signs Agreement for Financing of Jamaican Housing Real Estate Development

Rufus OR, May 12, 2016 (GLOBE NEWSWIRE) - Oregon Based Auscrete Corporation (“ASCK”) announced today that it has signed an equity finance acquisition agreement with New York based TTC group to secure a $16 million investment. The financing will be used for advancement of their 1,500 home real estate housing development planned for the Montego Bay area of Northwest Jamaica.

Auscrete’s President, John Sprovieri said “the Auscrete management team is very excited about the execution of this finance acquisition agreement, given TTC Group’s record of achievements. By the execution and signing of this agreement we are confident this will accelerate our path to enhancing shareholder values with a clear vision to the future. This takes us one huge step toward our ultimate aim of having a building materials manufacturing plant on the ground in Jamaica by the latter part of this year so we can start housing construction.”

Dale Shirley, president of Big Reach Media, Inc. stated “It was my pleasure to introduce the TTC group to John Sprovieri and the Auscrete company. I’ve been working with the TTC group for some time now on a number of different projects and I’m excited about getting the 2 companies together. Auscrete has a number of big projects that they’re working on bringing into the company and, with the assistance of the TTC group, I believe we’ll have a better chance of success of locking down any future funding and getting these projects initiated so we can escalate shareholder value.”

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