SG Blocks to Offer Product Lease Financing to Qualified Clients
Monarch Capital Corporation to Provide the Funding
NEW YORK, Jan. 9, 2014 (GLOBE NEWSWIRE) -- SG Blocks, Inc. (SG Blocks or the "Company") (OTCQB:SGBX), a developer and producer of innovative construction solutions utilizing code-engineered cargo shipping containers, has established a relationship with Monarch Capital Corporation ("Monarch") to provide a lease financing alternative to qualified clients in order to facilitate the financing of SG Blocks product offerings. In business for over 25 years, Monarch has extensive experience in the leasing and financing of capital equipment primarily to middle market companies.
"Leasing is something we think will be particularly valuable to clients interested in temporary and experiential applications. Reducing barriers to deployment by creating greater financial flexibility will expedite products to market and allow for end users to limit the necessary up front capital expenditures. We've had a lot of inquiries regarding the ability to lease and are glad to announce we now offer it," said Paul Galvin, CEO of SG Blocks.
About SG Blocks:
SG Blocks is a developer and producer of innovative commercial and private environments utilizing code-engineered cargo shipping containers. Providing solutions to some of the world's biggest companies and government agencies, SG Blocks offers cost effective container-construction technology that exceeds many standard building code requirements. The Company works with developers, architects, builders and owners to achieve faster execution, stronger high-value buildings, and greener construction. For more information, visit www.sgblocks.com.
Cautionary Note Regarding Forward-Looking Statements:
Information in this release that involves the expectations, plans, intentions or strategies of the Company regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. In this release, they are identified by references to dates after the date of this release and words such as "will," "remains," "to be," "plans," "believes," "may," "expects," "intends," and similar expressions. Factors that could cause actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, the timing and the continued relationship with Monarch to provide a lease financing alternative to qualified clients of the Company. The forward-looking statements in this release are based upon information available to the Company as of the date of this release, and the Company assumes no obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and may cause actual results to differ materially from our current expectations.
CONTACT: Jennifer Strumingher Chief Administrative Officer (212) 520-6216Source: SG Blocks, Inc.
Released January 9, 2014