ANDERSON, South Carolina–(Newsfile Corp. – January 19, 2023)- Lion Development Corporation (“Lion Development Corporation”), a wholly owned subsidiary of JZZ Technologies, Inc. (OTC Pink: JZZI) ) ) reports that it expects $5.5 million in 2023 South Carolina area real estate development project revenues.
Projects under development by Lion are small to large scale residential and commercial real estate and construction projects. They include planned property acquisitions in the South Carolina area with build-to-suit, multiple residential units and other custom solutions such as multi-unit complexes near the popular Clemson University area. included.
Thomas Hays, president of Lion Development Corporation, said: We are able to reach out to a community with a long history of delivering quality projects and see immediate results from new projects and increased opportunities for additional projects. ”
JZZI CEO Charles Cardona added: is expected to add value to the communities it supports development while at the same time providing the greatest profit for the company. And we look forward to seeing the sector grow significantly over the next year.”
Management looks forward to the outcome of negotiations and closings for additional properties in Carolina and Florida and is preparing for custom construction and/or commercial development of properties in the near term.
About JZZ Technologies.
JZZ Technologies, Inc. is a diversified company serving multiple business units. Its Active Lifestyle Digital Media business includes online media and apps (activelifestylemedia.com), content creation and digital marketing to active adults 55+. The Active Lifestyle Property Development segment is engaged in the acquisition, management and operation of commercial and residential real estate and residential development projects. For more information, visit jzztechnologies.com.
Press contact:
JZZ Technologies Inc.
Charles Cardona, CEO
ceo@jzztechnologies.com
Disclaimer and forward-looking statements
Certain statements contained herein are “forward-looking” statements (as such terms are defined in the Private Securities Litigation Reform Act of 1995). Such statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. . It is intended to be covered by the Safe Harbor created by it. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including, but not limited to, the viability of our business plans, the impact of the acquisition on our profitability, effectiveness, profitability and including, but not limited to, the marketability of our products; the company’s ability to protect proprietary information; General economic and business conditions. volatility in our operating results and financial condition; These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections regarding our company and the industry. We undertake no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in expectations, except as required by law. Although we believe the expectations expressed in these forward-looking statements are reasonable, management cannot give any assurance that the public’s expectations will prove to be correct. Please note that actual results may differ materially from expected results.
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