SG Blocks signs an agreement with the developer of a container park

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The company has entered into a contract with a private client planning to build a container yard in Lake City, Florida

JACKSONVILLE, Fla.–(BUSINESS WIRE)–SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a leading developer, designer and manufacturer of modular structures, today announced today that he sold three 40ft containers to a private developer looking to build a container yard in Lake City, Florida. The total area of ​​the sale is approximately 960 square feet.

The container park plans to feature entertainment as well as an assortment of food trucks and liquor vendors. The client aims to make an impact in North Florida with a community-focused, family-run business.

“We are always proud to support small businesses, especially in the state of Florida,” said Paul Galvin, president and CEO of SG Blocks. “Containers make great entertainment venues due to their flexibility, scalability, and adaptability.”

“Our mission is to build a food truck container park that will provide family entertainment and attract visitors to the Lake City, Florida area,” said private developer Michael Woods.

SG Echo plans to complete the GreenSteel and deliver the containers in December 2022.

About SG Blocks, Inc.

SG Blocks, Inc. is a leading developer, designer and manufacturer of modular structures, meeting the growing demand for safe and environmentally friendly construction. The company offers a product that exceeds many standard building code requirements and also helps developers, architects, builders and owners achieve faster turnaround, greener construction and higher value buildings. The company creates purpose-built pre-engineered modules from wood, steel, and shipping containers into supreme structures. For more information, visit www.sgblocks.com.

Safe Harbor Statement

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may”, “could”, “will”, “should”, “believe”, “expect”, “anticipate”, “estimate”, “continue”, “predict”, “plan” , “project”, “” These forward-looking statements are based on current estimates and assumptions and include statements regarding plans to complete the GreenSteel and deliver the containers in December 2022. Although SG Blocks believes these forward-looking statements are reasonable grounds, undue reliance should not be placed on these forward-looking statements, which are based on information available to us as of the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict, which could cause actual results to differ materially from current expectations and assumptions than those set forth or implied by the forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to complete the contract as planned, the Company’s ability to grow in various verticals, the ability to the Company to position itself for future profitability, the Company’s ability to maintain compliance with NASDAQ listing requirements, and the other factors discussed in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2021 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is made only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise, except if required by law.

contacts

Investor Relations:
PCG Advisory, Inc.

Jeff Ramson

(646) 863-6341

jramson@pcgadvisory.com

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