Intelligent Highway Solutions, Inc. (OTC PINK:IHSI) announced today that the last three months sales results for Cresent Construction Co, Inc. exceeded $1.3M.
Devon Jones, CEO of Intelligent Highway Solutions stated, “It’s time we began discussing the incredible value that Cresent Construction brings to our company. For the prior three months, Cresent finished with over $1.3M in sales. Twelve month sales are expected to exceed $5.5M. Also, Cresent has over $10M in projects backlogged for 2018 already with other projects in negotiations. What has us extremely excited is the future of this division and how it will positively impact the overall business strategy.”
Mr. Jones continued with, “The Cresent team will be with us when we meet with HelpComm to discuss telecom contractor projects in North Carolina, South Carolina and Virginia. Cresent is setting up an Electrical & Telecom division at the North Carolina headquarters in order to take advantage of these opportunities and eventually as a conduit for introducing the Tripac Systems PAS technology to Duke Energy and other utility companies in the southeastern United States.”
Intelligent Highway Solutions recently announced that their subsidiary, Fazync Corporation will become an integral part of the Tripac Systems Phase Angle Synchronization (PAS) rollout that allows utility companies to recycle wasted electricity. The Bravatek connection has created new opportunities for IHSI in the energy/utilities industry and Cresent Construction will play an integral part in several projects over and above its core construction operations.
Keith Gabriel, who runs the day to day operations for Cresent stated, “The opportunities in our geographical market are substantial. Our core construction business has exploded recently with lucrative projects planned through year end. Combine that with our new working relationship with Bravatek, and Cresent has become an integral part of the overall IHSI business model.”
Mr. Jones finished up with, “For our current investors, we want you to know that there is still pending litigation with TCA as we have filed a complaint in Florida against their company. We have hired a legal team that has experience with TCA. Yes, it has been a setback, but we are very optimistic about resolving the dispute with them this year. We want to thank you all for your support and will share further news in the coming weeks.”
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 is responsible for the installation, monitoring and maintenance of the Tripac Systems Phase Angle Synchronization (PAS) rollout that allows utility companies to recycle wasted electricity. 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.