profitdaddy
2 years ago
NEWS!!!
Earth Gen Biofuel Inc.’s Subsidiary Expands Manufactured Home Sales Into Nevada and Arizona
Press Release | 08/30/2022
Salem, Oregon, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Earth Gen-Biofuel Inc. (OTC:EGBB) wholly owned manufacturing subsidiary, International Housing Concepts Inc. (“IHC”), starts manufacturing of two large home orders for delivery to the Southwest. First deliveries are scheduled for mid-October. Pending factory certification, these production runs are scheduled to include HUD certified homes for a multi-home residential community in Northern Nevada and Park Model Homes for a project in Arizona.
The Nevada homes are being manufactured as part of a multiphase project that the developer has indicated could include up to 400 homes. The Sparks project is being developed as the Chalets Residential Community and will consist of a single-unit manufactured homes.
Scott DeBo, IHC President stated, “Achieving this first production order for these units is a validation of our plan to support the market trend for developers using larger floor plans in their developments. IHC’s expectation is for current contracts to be a substantial part of 2022 and 2023 sales. Based on forecasted sales these home deliveries have the potential to reach over $12,000,000 over the next three quarters if the delivery and manufacturing schedules are met.”
Mr. DeBo added, “Current production contracts validate the hard work and creativity of our product development team and is a good example of our commitment to working closely with our clients to build the products they envision. IHC is working with other developers to design homes that will meet certain local and national building codes for manufactured housing as well as consumer financing requirements”.
IHC has been delivering our Park Model homes specifically designed for the Southwest over the last five months. These homes represent the expansion of the company’s sales strategy to build an order book that will support the planned expansion into a Phoenix regional production facility. Sales in the region in 2022 have already exceeded $1,100,000. This group of homes is now being produced in the Salem facility. An additional $1,800,000 in homes is expected to be built and delivered to the Southwest by year end if current production levels remain constant.
The company’s goal based on existing relationships in the Pacific Northwest, and now the Southwest is to build order-flow to over 300 homes a year to support IHC’s entry into the Southwest region. The Company expects to move the production of HUD home orders for Nevada and Arizona to the Phoenix facility. The new facility will produce the Company’s successful line of Park model RVs and the larger HUD certified models. The company is still in the process of finalizing negotiations for a new factory location and while success is not guaranteed, we continue to plan for the start of manufacturing late in 2022 or Q-1 2023.
The Phoenix facility is being designed to produce 360 homes a year and will accommodate the construction of homes up to 990 square feet. The new designs introduced in 2022, include larger homes from 425 to 980 square feet, ski chalets, 4 star resort cabins and homes with upgraded designs that recognize local environments.
AskMuncher
3 years ago
$EGBB Earth Gen Biofuel Inc. 2021 Year End Update
Press Release | 01/04/2022
Salem, Oregon, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Earth Gen-Biofuel Inc.(OTC:EGBB). The year 2021 provided many new opportunities to Earth Gen Biofuel Inc,. and its manufacturing subsidiary International Housing Concepts. Inc. (“IHC”). IHC is one of America’s premier builders of manufactured homes of under 1000 square feet. The Company continued to expand its production capacity and broadened its sales and marketing programs. IHC now manufactures over 13 different models of Park Model homes. Current production in our 70,000 square foot facility in Salem Oregon is primarily used to fulfill increased orders from buyers in the Pacific Northwest. We continue to investigate expanding production facilities in other locations.
In the 4th quarter of 2021 the company started to expand production in its Salem facility to allow for production of 25 to 30 homes per month. IHC has improved manufacturing techniques and directed additional capital for equipment and technology. Additionally, the firm plans to increase materials inventories to better manage supply-chain shortages. Further production capacity could benefit from adding a Saturday and Sunday shift. Management continues to hire and train additional production staff and skilled labor, which is expected to increase workforce productivity.
The company’s sales focus is expanding. IHC now has retailers in Oregon, Washington, Montana, Arizona, Nevada and California. Clients include some of the highest quality portfolios of manufactured home resort communities, retirement communities, and rental homes. The company has received orders and production deposits from these new customers with a national base of operations. The Company’s 2022/2023 marketing plan continues to target planned communities, as well as state and local municipalities with plans to address the low-income housing issues facing many of our nation’s larger cities. IHC continues to address the affordable housing crisis in the U.S. The Company has a number of projects under review based on the proprietary products designed to meet the increasing demand for the market for this type of housing.
IHC has become a valued partner of developers looking for guidance on the strategies for final design and layout of communities. IHC has taken the lead in designing new home configurations to fit into specific locations. The Company’s efforts have resulted in building close relationships with some of the largest RV Park developers in the country.
The Company believes that strong revenue growth for 2022/2023 will be achieved through the introduction of new distribution channels, new products, full utilization of additional production capacity and by continuing to supply our customers with superior products and service. It is anticipated that this will lead to additional sales throughout the Western US and become the road map for production nationwide.
In 2020, during the height of COVID and is related production challenges, 25 homes were delivered producing gross sales of approximately $1.6 million. Some of the same COVID issues impacted 2021operations, however based on an unaudited preliminary evaluation, 2021sales appear to have approximately doubled to over $3 million with the delivery of 46 homes. Order flow continued to build toward yearend for seasonal sales considerations. At yearend 2021 there were 32 homes scheduled for delivery over the first six to eight weeks of 2022 with 15 of those already in various stages of production on the factory floor. In the 4th quarter of 2021 the average sales price of homes was approximately $79,000.00.
About the Company
Earth Gen-Biofuel Inc. produces manufactured homes and products under the corporate name International Housing Concepts Inc. Our goal is not just building housing but creating living environments that meet the needs of owners and enhance the concept of comfortable living in a sustainable and manageable space. The Company’s main manufacturing facility is in Salem Oregon. The Company is targeting the domestic needs for housing solutions for broad segments of the market for homes under 1000 square feet. The company sells its products to Tiny Home Residential Communities, RV Parks, campgrounds and retail dealers who provide home owners with back yard auxiliary living spaces. The goal is to deliver high quality homes that employ technology that works for owners of our homes and that meetthe requirements of sustainability for our environment and the locations where our homes form new communities.
Forward-Looking Statement
This press release may contain “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. Further caution is given as the Company is not current with its public disclosures and limited information about the Company’s financial condition or operations is available to investors adding additional risk to potential investors.
View our homes at www.homesfromIHC.com
Investor Relations Contact
Hayden Financial Corp. of Florida
Attn: Robert Gartzman, President
info@earthgenbiofuel.com
Phone 800-991-8190
AskMuncher
4 years ago
$EGBB Earth Gen Biofuel Inc.’s Salem, Oregon Production Facility Helping Oregon Fire Victims with Permanent and Temporary Housing Alternatives.
Press Release | 11/09/2020
Las Vegas, NV, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Earth Gen-BioFuel Inc. (OTC:EGBB) announces that it has joined local community and business leaders in the effort to assist people who lost their homes due to Oregon area wildfires. The company’s 70,000 square foot manufacturing facility and offices were the site of last weeks meeting of community leaders, business executives and mayors from nearby communities that experienced fire damage. KGW Channel 8 TV Portland was there to report on the event.
Earth Gen’s subsidiary, International Housing Concepts Inc. (“IHC”) specializes in manufacturing homes of less than 1,000 square feet. IHC is building homes that are used in Tiny Home Residential Communities, RV Parks, Campgrounds and as back yard auxiliary living units. IHC also builds 300 to 380 square foot towable Tiny Homes that operate as off grid and on grid vacation homes that can be moved from site to site.
KGW Channel 8 reported that Jordon Truitt, whose family owns IHC’s manufacturing complex was instrumental in assisting IHC in organizing this meeting to evaluate solutions facing the community as a result of the fires. Mr. Truitt teamed up with the United Way of the Mid-Willamette Valley, and International Housing Concepts to try to bring IHC’s tiny homes to people who have lost their homes to the fire. Mr. Truitt said, “This is a way to get them out of hotels, out of tents, out of the fairgrounds and into a shelter that’s built to the same quality and standards as a house, that’s affordable and in some cases portable,”
Mr. Truitt added, “This is an opportunity for us to use the resources we have right here, to [get a] view from 10,000 feet by getting the right people into the room, into the [IHC] warehouse to view the product, to see what the potential is”.
Mr. Truitt said, “he started contemplating the idea through a partnership the Truitt family formed with United Way. We donated 33,000 square feet of warehouse space to the United Way for acceptance and distribution of the critical supplies that were needed by the evacuees. That was the immediate need, but those needs have started to shift. It wasn’t until they received a donation of 800 tents from Amazon that the long-term need became apparent, when each of those tents were distributed just as fast as they came in. What that did was highlight the greater need of what the ongoing problem would be, and that was housing. Truitt added, He hopes that tiny homes could be part of the solution”.
Robert Hayes, President & CEO stated, “IHC is in the right place with the right products to provide a solution to the problem. IHC had already begun planning for the expansion of production including adding extra staff and production space based on demand for our homes that was already well established and growing. The plans that were already in process will allow IHC to take a lead in responding to a business opportunity and also the opportunity and be a key participant in meeting the needs of our Salem area neighbors, Oregonians and people throughout the Northwest who have lost their homes
During the meeting with community leaders, IHC management provided tours of the homes being produced at our facility. IHC is now building two styles of Tiny Homes. One is a permanently placed 400 square foot home designated as a Park Model and also a Towable Home that is also about 400 square feet that is self-contained for off grid situations. The facility is also planning on providing modular housing structures that are less than 1,000 square feet for use as lakeside homes and ADUs for back yard home additions. It was determined that these housing configurations can be a real solution to providing living spaces for those displaced by the fires.
KGW TV 8, Portland Oregon report on International Housing Concepts community leaders meeting. https://www.facebook.com/cpitawanich/videos/373959097183698
About the Company
Earth Gen-Biofuel Inc. produces homes and products under the corporate name Quantum Housing Systems Inc. and trade names International Housing Concepts Inc. and MicroHab Inc. Our goal is not just building housing but creating living environments that meet the needs of owners and enhance the concept of comfortable living in a sustainable and manageable space. The Company’s main manufacturing facility is in Salem Oregon. The Company is targeting the domestic housing solutions for broad segments of the market. The company sells its products to Tiny Home Residential Communities, RV Parks, campgrounds and reseller/dealers who provide home owners with back yard auxiliary living spaces. IHC sells dealers its line of 280 to 380 square foot towable Tiny Homes that fill the need of off grid and on grid vacation homes that can be moved from site to site. The Company has developed a US based supply chain to support local and national companies and to assure availability of most of the key components used in our manufacturing process. The goal is to deliver high quality homes that employ technology that works for owners of our homes, and meets the requirements of sustainability for our environment and the locations where our homes form new communities. Please visit the web site for our products www.homesfromIHC.com
Forward-Looking Statement
This press release may contain “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the safe harbor provisions of this Act, statements contained herein that look forward in time that include everything other than historical information, involve risks and uncertainties that may affect the Company’s actual results. There can be no assurance that such statements will prove to be accurate and there are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company, including, but not limited to, plans and objectives of management for future operations or products, the market acceptance or future success of our products, and our future financial performance. Further caution is given as the Company is not current with its public disclosures and limited information about the Company’s financial condition or operations is available to investors adding additional risk to potential investors.
View our homes at www.homesfromIHC.com
KGW TV 8, Portland Oregon report on International Housing Concepts community leaders meeting. https://www.facebook.com/cpitawanich/videos/373959097183698
Investor Relations Contact
Hayden Financial Corp.
Robert Gartzman
info@earthgenbiofuel.com
Phone 800-991-8190
whytestocks
6 years ago
News: $EGBB Earth Gen-BioFuel Inc. Announces the Addition of the "MicroHab" Tiny House Design to its Product Line.
Las Vegas, NV, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Earth Gen-BioFuel (OTC:EGBB), “EarthGen” or “the Company,” announces new product strategy. Responding to overwhelming demand from downsizing home owners and recreational vehicle consumers, EarthGen has begun dev...
Find out more https://marketwirenews.com/news-releases/earth-gen-biofuel-inc-announces-the-addition-of-the-microhab-tiny-house-design-to-its-product-line--7092554.html
esi23
6 years ago
If Basic is the company that is RS then yes.
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