Intelligent Highway Solutions Inc. Provides Shareholder Update
Sacramento, CA. -- June 14, 2018 -- InvestorsHub NewsWire -- Intelligent Highway Solutions, Inc. ( OTC PINK: IHSI ) provided a shareholder update today.
Devon Jones, CEO of Intelligent Highway Solutions stated, I felt it important to let our shareholders know as of today, we have several lucrative deals pending with various companies as outlined in previous press releases. Questions have been raised as to when all of this activity would begin. We are progressing these transactions in stages while we experience some delay due to pending litigation.
Mr. Jones stated, "We still have pending litigation with TCA in the state of Florida. We sued TCA. We will have updates soon as to pace and timing of the case. This litigation has been our biggest hurdle as a company, but we remain confident in a victory, even settlement this summer.
Mr. Jones continued with, "While we have had delays as of late with our company financials, we fully expect to get our financials up to date in the coming weeks. We want to thank our shareholders for their continued patience and support."
About Intelligent Highway Solutions, Inc: From full turn-key general contracting, to LED lighting retrofits, HVAC and temperature control upgrades to solar renewable energy systems, Intelligent Highway Solutions, Inc. provides technology driven solutions for commercial, industrial, and municipal facilities. Our subsidiary, Fazync Corporation will be responsible for the installation, monitoring and maintenance of the Tripac Systems Phase Angle Synchronization (PAS) rollout that allows utility companies to recycle wasted electricity. The manufacturing and installation is projected to begin in 2018. In addition, our subsidiary, Cresent Construction, located in Concord, North Carolina is a full-service general contractor providing design, installation and construction management services.
Forward Looking Statements: Any statements contained herein that are not historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
Investor Relations: Paul Knopick