Earth Gen Biofuel Inc.’s 2022 Operating Review of Home Manufacturing Operations
Earth Gen Biofuel Inc.’s 2022 Operating Review of Home Manufacturing Operations
Salem, Oregon, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Earth Gen-Biofuel Inc. (OTC:EGBB) 2022 has been a transitional year for Earth Gen Biofuel Inc. ("EGBB") and its 100% owned manufacturing operation International Housing Concepts Inc. ("IHC"). During 2022 the company expanded its management team and workforce to support 2022's and 2023's anticipated growth in production and sales.
俄勒冈州塞勒姆,2022年12月6日(GLOBE NEWSWIRE)——Earth Gen-Biofuel Inc.(场外交易代码:EGBB)2022年是Earth Gen Biofuel Inc.(“EGBB”)及其100%拥有的制造业务国际住房概念公司(“IHC”)的过渡年。2022年,该公司扩大了管理团队和员工队伍,以支持2022年和2023年的预期产量和销售增长。
Management prepared for 2022 by building its customer base and expanding its product line of Park Model RVs designed for the Pacific Northwest. Models now include homes designed for Ski Resorts as well as unique finishes for homes delivered to Southwest Desert locations. IHC added designs that meet HUD Coded requirements for building residential communities. These new models are adding to a growing list of contracted sales with over 57 homes under contract that is the basis for discussions for larger purchase orders scheduled for completion in 2023 and 2024.
管理层通过建立客户群并扩大其专为太平洋西北地区设计的Park Model RV产品线,为2022年做好了准备。现在,模型包括为滑雪胜地设计的房屋,以及运送到西南沙漠地区的房屋的独特装饰。IHC 增加了符合 HUD 编码要求的设计,用于建造住宅社区。这些新车型增加了越来越多的合同销售清单,签订合同的房屋超过57套,这是讨论计划于2023年和2024年完成的更大采购订单的基础。
During 2022, IHC continued to add new customers in Oregon, Washington, Nevada, California and Arizona. These include developers and retail dealers. Based on the rapidly growing demand for ADUs, the Company is adding to its sales team to create a network of Dealers, Contractors and City Support Groups specializing in ADUs (Auxiliary Dwelling Units) often referred to as "Granny Flat". The team is focused on regions where there is strong support for using ADUs to help to resolve the continued challenges many are facing with regards to affordable housing. In 2022, the Company's retail dealers provided IHC with over $6 million in new orders, while community developers increased IHC orders in 2022 to approximately $12 million.
2022 年,IHC 继续在俄勒冈州、华盛顿州、内华达州、加利福尼亚州和亚利桑那州增加新客户。其中包括开发商和零售经销商。基于对ADU的快速增长,该公司正在增加其销售团队,以创建一个由经销商、承包商和城市支持小组组成的网络,专门从事ADU(辅助住宅单元),通常被称为 “Granny Flat”。该团队专注于那些大力支持使用ADU来帮助解决许多人在经济适用房方面面临的持续挑战的地区。2022年,该公司的零售经销商向IHC提供了超过600万美元的新订单,而社区开发商在2022年将IHC的订单增加到约1200万美元。
Scott DeBo, IHC President stated, "Achieving our goals for growth in 2022 validates the Company's business model and position within the manufactured home industry. IHC is building homes for some of the country's largest retailers and community developers. Meeting the needs of these large knowledgeable customers further verifies our business model. The demand for our homes under 1000 square feet and targeted at the 70% portion of manufactured home buyers has been a key to building our operation.'" Mr. DeBo added, "We continue be focused on building our management team and workforce. We believe that the hard work and dedication of our team to Company goals has been the strength of our success and will continue to allow IHC to expand operations to new regions of the US."
IHC总裁Scott DeBo表示:“实现我们在2022年的增长目标证实了公司的商业模式和在人造家居行业的地位。IHC正在为该国一些最大的零售商和社区开发商建造房屋。满足这些知识渊博的大型客户的需求进一步验证了我们的商业模式。我们对1000平方英尺以下且针对70%的人造购房者的房屋的需求一直是我们建立业务的关键。'”DeBo先生补充说:“我们将继续专注于建立我们的管理团队和员工队伍。我们相信,我们团队对公司目标的辛勤工作和奉献精神是我们成功的力量,并将继续使IHC能够将业务扩展到美国的新地区。”
IHC added the services of an outside accounting consulting group and a CFO. The accounting group has implemented accounting systems needed to manage the additional complexities of the increased level of operations. In July, IHC named Sean Bryant CFO. IHC also added a home production and systems advisor in Phoenix, and a Business Development consultant on the East Coast. IHC's plans for operations in 2023 include expanding and diversifying our customer base. IHC's expansion model is based on first creating order flow in a new region. IHC starts by increasing orders at existing factories that can be partially directed to the new factory to add to the first several years of production and sales. Operations over the last three years provides the experience to know what is needed to plan for successful expansion of new operations. IHC's team understands that each new region will require paying attention to the uniqueness of each new region and possible new operating challenges.
IHC增加了外部会计咨询小组和首席财务官的服务。会计小组已经实施了必要的会计制度,以管理业务量增加所带来的额外复杂性。7月,IHC任命肖恩·布莱恩特为首席财务官。IHC还在凤凰城增加了一名家庭生产和系统顾问,在东海岸增加了一名业务发展顾问。IHC在2023年的运营计划包括扩大和多元化我们的客户群。IHC 的扩张模型基于在新区域首次创建订单流。IHC首先增加现有工厂的订单,这些订单可以部分流向新工厂,以增加最初几年的生产和销售。过去三年的运营为了解成功扩展新业务所需的计划提供了经验。IHC的团队明白,每个新地区都需要关注每个新地区的独特性以及可能出现的新运营挑战。
All manufacturing is presently being completed at IHC's Salem, Oregon 69,000 square foot facility, which has been upgraded to increase production in 2023 to up to 24 homes per month. Expanded production will allow the Company to continue to meet sales orders for existing customers and manage the order flow from new dealers and development projects. IHC has been planning a new factory facility in Phoenix, Arizona to meet order demand from customers in Arizona, Nevada, New Mexico and the market for ADUs in Southern California.
目前,IHC位于俄勒冈州塞勒姆的69,000平方英尺的工厂正在完成所有制造,该工厂已进行升级,以便在2023年将产量提高到每月多达24套。扩大产量将使公司能够继续满足现有客户的销售订单,并管理来自新经销商和开发项目的订单流程。IHC计划在亚利桑那州凤凰城建造一座新工厂,以满足亚利桑那州、内华达州、新墨西哥州和南加州ADU市场的客户的订单需求。
Production in 2023 includes Nevada homes under contract that are going to be manufactured as part of a multiphase project that the developer has indicated could include over 300 homes, as well as a diverse group of clients in the Pacific Northwest, Arizona and California.
2023年的产量包括签订合同的内华达州房屋,这些房屋将作为多阶段项目的一部分生产,开发商表示,该项目可能包括300多套住房,以及太平洋西北地区、亚利桑那州和加利福尼亚州的不同客户群体。
About the Company
Earth Gen-Biofuel Inc. produces manufactured homes 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. Earth Gen Biofuel Inc.'s wholly owned manufacturing subsidiary, International Housing Concepts Inc. is rapidly becoming one of America's premier builders of manufactured homes of under 1000 square feet. The new designs introduced in 2022, include larger homes from 425 to 980 square feet, and include ski chalets, 4 star resort cabins and homes with upgrade designs that recognize local environments.
关于本公司
Earth Gen-Biofuel Inc. 以公司名称International Housing Concepts Inc.生产人造房屋。我们的目标不仅是建造住房,还要创造满足业主需求的生活环境,增强在可持续和可管理的空间中舒适生活的概念。Earth Gen Biofuel Inc作为全资制造子公司,International Housing Concepts Inc. 正在迅速成为美国首屈一指的建筑面积在1000平方英尺以下的人造房屋建造商之一。2022年推出的新设计包括面积从425到980平方英尺的大型住宅,包括滑雪小屋、四星级度假小屋和采用可识别当地环境的升级设计的房屋。
The Company's sales are currently focused in the Pacific Northwest and the Southwest. Sales efforts are concentrated on developers of Land-Lease residential communities and retail dealers selling to individual customers. IHC prides itself on working closely with its developer clients and working with retailers to understand home buying trends of consumers in our target market. IHC creates products that match their vision for their communities and needs of residents.
该公司的销售目前集中在太平洋西北地区和西南地区。销售工作集中在Land-Lease住宅社区的开发商和向个人客户销售的零售经销商身上。IHC以与开发商客户密切合作并与零售商合作以了解目标市场中消费者的购房趋势而感到自豪。IHC 创造的产品符合他们对社区的愿景和居民的需求。
The Company's main manufacturing facility is in Salem, Oregon. The Company is targeting the domestic housing solutions for broad segments of the market for homes under 1000 square feet. The company sells its products to 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 meet the requirements of sustainability for our environment and the locations where our homes form new communities.
该公司的主要制造工厂位于俄勒冈州的塞勒姆。该公司的目标是为1000平方英尺以下房屋的广泛细分市场提供家庭住房解决方案。该公司将其产品出售给住宅社区、房车公园、露营地和零售经销商,这些经销商为房主提供后院辅助生活空间。目标是提供高质量的房屋,这些房屋采用的技术适用于我们的房屋所有者,并满足我们的环境和房屋形成新社区的地点的可持续性要求。
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 current with its disclosure requirements with the publication of its disclosure information and unaudited financial statements on the OTC Markets information pages. Other public disclosures that may be required by other investor regulatory organizations may be limited based on current level of disclosure available to investors adding additional risk to potential investors.
前瞻性陈述
本新闻稿可能包含1995年《私人证券诉讼改革法》所指的 “前瞻性” 信息。根据该法的安全港条款,此处包含的及时展望的陈述包括历史信息以外的所有信息,涉及可能影响公司实际业绩的风险和不确定性。无法保证此类陈述会被证明是准确的,有许多重要因素可能导致实际业绩与公司任何前瞻性陈述中表达的业绩存在重大差异,包括但不限于管理层对未来运营或产品的计划和目标、我们产品的市场接受度或未来成功以及我们未来的财务业绩。进一步谨慎行事,因为公司在场外交易市场信息页面上发布披露信息和未经审计的财务报表,这是最新的披露要求。根据投资者当前可获得的披露水平,其他投资者监管组织可能要求的其他公开披露可能会受到限制,这增加了潜在投资者的额外风险。
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Company Contact
Scott DeBo, President of Earth Gen Biofuel Inc.
info@earthgenbiofuel.com
Telephone: 800-991-8190
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公司联系人
Earth Gen Biofuel Inc. 总裁斯科特·德博
info@earthgenbiofuel.com
电话:800-991-8190