SILVERDALE, WA--(NewMediaWire - Apr 17, 2017) - CGrowth Capital,
Inc. (OTC PINK: CGRA)
(the "Company") is pleased to report the filing of the Company's
2016 consolidated annual financials for the period ended December
31, 2016 to OTC Markets. The Company's consolidated Total
Assets increased three-fold over the prior year to nearly
$25,000,000. The Company has not issued shares for the 17th
consecutive month, as the Company remains committed to developing
its business plan without the issuance of stock. The Company and
its wholly owned subsidiary's highlights are as follows:
CGrowth Capital Bond, Ltd. - (financing)
- The Company renewed and increased its bond offering in the
United Kingdom to £30,000,000 British Pound Sterling -- releasing
Bond Issue 2 Series 1v1 on November 9, 2016.
The subsidiary has issued in excess of £15,000,000 GBP
subscriptions to date.
The Company is pleased to announce the opening of an
affiliated office in Malaysia this month, which will support the
Company's efforts with the bond offering and other business
affairs.
Subscriptions for the bonds remain strong and are expected to
continue through 2017.
Powder River Resources, Inc. - (Oil and gas)
- Initial infrastructure improvements have been completed.
Well workover programs started and will continue as winter weather
breaks into spring.
Production and wellsite facility upgrades continue.
Extensive mapping and data collection on new drilling locations and
reserve indications.
New drilling has commenced with first new well projected to be
completed at the end of the 2nd quarter.
Revenues and reserves projected to blossom in 2017.
Chewelah Properties, LLC - (commercial real estate)
- Significant rental revenues now online with a base of $32,000
per month plus NNN charges.
Non-performing tenants have been removed, allowing for performing
tenant to assume another 12,000 sq.ft. at same rate structure as
existing.
Strong interest in the site from both wholesale and retail tenants
shows promise for stellar rental growth in 2017.
Base rent expected to triple in 2017 as renovated space comes
online.
Corporate
- Nearly $25,000,000 in total assets.
Non-dilutive stock for entire 2016 fiscal year.
United Kingdom audits have been completed. These will be
posted as a supplemental to the Company financials once released in
the UK.
Completed UK audits now pave the way for Company to complete US
audits in preparation for additional corporate developments and
uplisting.
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. The Company continues to serve as an
alternative asset management company for businesses and assets
focused on all aspects of mining, minerals, exploration, and
commercial real estate. 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, and dolomite to
market. CGrowth Capital will focus on acquiring land assets, while
also providing partners and affiliates with management services,
capital, contract management and logistical services necessary for
the successful execution of operations. Through wholly owned
subsidiaries, the Company has begun to strategically leverage real
estate assets for maximum value within newly developing industries
currently underway in Washington State and across the United
States.
For more information and updates about CGrowth Capital and its
subsidiaries, visit their websites or Facebook pages:
http://www.CGrowthCapital.com
http://CGrowthCapitalBond.com
https://www.facebook.com/CGrowthCapital
Safe Harbor
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.