Safe & Green Holdings Partnership With CORNERSTONE Charitable Foundation Awarded Ten-acre Parcel of Land to Construct Previously Announced School in Cape Coast, Ghana
October 18 2023 - 8:30AM
Business Wire
Safe & Green Holdings Healthcare and
Wellness Medical Subsidiary Ready to Address Healthcare Challenges
in Underserved Regions in Next Phase of Project
Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe &
Green Holdings” or the “Company”), a leading developer, designer,
and fabricator of modular structures for residential, commercial,
and point-of-care medicine, today announced that their partnership
with CORNERSTONE Charitable Foundation has been awarded a ten-acre
parcel of land to construct the previously announced schoolhouse
planned for construction in Cape Coast, Ghana, as part of the
Ghana’s Tomorrow Project.
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the full release here:
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Queen Ohemaa Egyama Egyiriwa Ansaba 1st
of Amankurahemaa of Kwamankese -kwaman in the Central region of
Ghana, Delphine O’Rourke, President & CEO of Safe and Green
Medical and Paul Galvin, Chairperson and CEO of Safe & Green
Holdings (Photo: Business Wire)
The Ghana's Tomorrow Project involves the construction of a new
K-12 schoolhouse in Cape Coast, Ghana, which will replace the
legacy structure that is currently used. The Ghana’s Tomorrow
Project will be funded by the CORNERSTONE Charitable Foundation and
is made possible with a significant financial contribution from
Paul Galvin, Chairperson and CEO of Safe & Green Holdings, and
Chairman of the Board of CORNERSTONE Charitable Foundation.
Paul Galvin stated, “We are pleased that Cape Coast, Ghana, has
approved the project and granted CORNERSTONE Charitable Foundation
a ten-acre plot of land for the construction of the new school
facility. We are excited that the project is advancing rapidly, and
we are on the verge of finalizing the project's design phase. We
will soon collaborate with the local team in Ghana to begin laying
the project’s foundation. Being part of a project with the
potential to bring about such significant positive change for the
children of Ghana, both in the present and the future, is a
profound honor, while supporting CORNERSTONE's mission to create
meaningful impact in West Africa. The new school serves as a
testament to CORNERSTONE's dedication to Ghana and its people. We
also look forward to broadening the scope of the project and
anticipate the next phase will involve our healthcare and wellness
subsidiary, which is prepared to address the critical healthcare
challenges in some of Africa's most underserved regions."
Delphine O'Rourke, President and CEO of Safe and Green Medical,
commented, "The Village healthcare workers understand the health
and wellness needs better than anyone else. We are working very
closely to identify the most needed services and infrastructure.
Malaria continues to be a significant cause of death and many women
in rural areas lack access to maternal health. It is our mission to
provide healthcare everywhere and we are privileged to serve
globally."
The Company will provide more details on this exciting project
as they become available.
About Safe & Green Holdings
Corp.
Safe & Green Holdings Corp., a leading modular solutions
company, operates under core capabilities which include the
development, design, and fabrication of modular structures, meeting
the demand for safe and green solutions across various industries.
The firm supports third party and in-house developers, architects,
builders, and owners in achieving faster execution, greener
construction, and buildings of higher value. The Company’s
subsidiary, Safe and Green Development Corporation, is a leading
real estate development company. Formed in 2021, it focuses on the
development of sites using purpose built, prefabricated modules
built from both wood and steel, sourced from one of Safe &
Green Holdings’ factories and operated by the SG Echo subsidiary.
For more information, visit www.safeandgreenholdings.com and follow
us at @SGHcorp on Twitter.
About CORNERSTONE Charitable Foundation
CORNERSTONE Charitable Foundation is a 501(c)(3) non-profit
organization focused on providing global services for affordable
housing, primary care/point of care medicine, the provision of
clean potable water and education.
Safe Harbor Statement
Certain statements in this press release constitute
"forward-looking statements" within the meaning of the federal
securities laws. Words such as "may," "might," "will," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions and
include statements regarding plans to construct a schoolhouse in
Cape Coast, Ghana; plans to add integrating person-centered, data
driven, and trusted health and wellness services; and the
possibility of a library. While the Company believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are subject to various risks and
uncertainties, many of which are difficult to predict that could
cause actual results to differ materially from current expectations
and assumptions from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from current expectations
include but are not limited to the factors discussed in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2022, 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 on account of new information,
future events, or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231018563560/en/
Investor Relations: Crescendo Communications, LLC
212-671-1020 SGBX@crescendo-ir.com
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