SG Blocks publishes property assessments on company website

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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 that the Company has published on its investor website four the appraisals it has received regarding the Company’s McLean, Norman Berry and Cumberland properties, and the planned St. Marys industrial site located in the St. Marys Commerce Park, which is to serve as a new manufacturing plant for the Company, and in turn produce the Company’s Cumberland Inlet project, a joint venture with Jacoby Development.

Full site ownership and financial information about each location can be found in each individual document. It should be noted that the appraisal received from Cushman & Wakefield for the Cumberland site appraised 30 of the 1,200 acres of the property. All four ratings can be found in the Investors section of the website, under Company Information, followed by Presentations. https://ir.sgblocks.com/company-information/presentations.

Persons with questions should contact the Company’s investor relations firm, Equity Animal, whose details are set out below.

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 the four land appraisals received by the Company, the Company developing the St. Marys industrial site as a new fabrication for the Company and the Cumberland Inlet project with Jacoby Development. Although SG Blocks believes these forward-looking statements to be reasonable, 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 develop the St. Marys Industrial Site and the Cumberland Inlet Project as planned, the Company’s ability to expand in various verticals as expected, the Company’s ability to position itself for future profitability, the Company’s ability to maintain compliance with NASDAQ listing requirements and other factors discussed in the Annual Report of the Company 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 provided 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.


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