PUEBLO,
CO, Jan. 09, 2018 (NewMediaWire) -- Sprout Tiny Homes (OTC
PINK: STHI) has purchased substantially all of the assets of a
Colorado Springs based tiny house and modular home dealer and
designer, EcoCabins, LLC, a subsidiary of EcoVentures, LLC. This
asset purchase includes a mix of stock plus stock incentives for
continued business development over the next 5 years in the
emerging small-living housing marketplace.
Inherent
in the asset purchase is the acquisition of all of the intellectual
property of EcoCabins including designs, copyrights, and marketing
as well as a substantial pipeline of commercial business generated
in Texas and Colorado. This sales pipeline represents close to
3,000 units in various stages of intent or contract worth an
estimated $150 Million of Gross Revenue over a three to five year
period. This includes the recently announced $26M contract with
Texas Site Development, LLC and Tiny Dwelling Co. for up to 275
tiny homes to be purchased and installed at two tiny home
communities in the Austin, Texas area.
EcoCabins
and team was responsible for the inaugural 2015 National Tiny House
Jamboree, which has become the annual industry-standard tradeshow
and festival now known as the National Tiny House & Simple
Living Jamboree (www.tinyhousejamboree.com). With this asset
purchase, Sprout will increase its visibility in the Jamboree this
August, showcasing several new models, and involvement in multiple
major community developments centered around tiny-house designs
nationwide. The Jamboree is currently slated to be held in Austin,
Texas August 23rd – 27th, 2018.
Also
inherent in the asset purchase, two of EcoCabins’ principals,
namely Mr. Darin Zaruba and Mr. Andrew Stewart, will assist Sprout
in an advisory capacity for the foreseeable future, and two will
move to Sprout’s full-time executive team; namely Mr. Alan
Kirchhoff as VP of Business Development, and Mr. Jefre Outlaw as VP
of Sales. These team members represent close to 100 years of
combined experience in sales, manufacturing, financing, and
development experience, including specific expertise and leadership
in the Tiny House Movement and Industry.
“We
are so excited to have consummated this relationship, and to have
two of the top experienced teams focused together in leading this
industry in small-living construction and developments. The
principals at EcoCabins are true pioneers, leaders and innovators
that will help us and the industry move forward under the Sprout
brand,” commented Rod Stambaugh, President of Sprout Tiny
Homes.
“Together
we are stronger, and we will continue to push the innovative limits
of this Movement and Industry to new heights! We are ready to keep
driving this disruptive housing solution forward as Nationwide
leaders,” stated Mr. Zaruba.
Sprout
has been actively involved in commercial tiny home design and
manufacturing of its homes for use in tiny home communities,
workforce housing and overnight hotel / resort environments. As
housing becomes more and more unaffordable nationwide, Sprout
continues to innovate with its home designs and has scaled up its
production capability to meet the increasing demand for its
homes.
Sprout
is working with industry leading developers to identify, design and
execute on creating modern and affordable housing
communities. Sprout homes have gained a reputation for
featuring chemical free interiors, engineered ERV systems to
provide fresh air and healthy living environments and can be
certified for net zero status making them not only comfortable but
cost effective to operate and live in.
About
Sprout Tiny Homes
Sprout
Tiny Homes is a leading designer, developer and manufacturer of
high-quality, net zero capable tiny homes with chemical free
interiors. Sprout homes are built with modern building practices
including structural insulated panels resulting in stronger,
greener and straighter homes. Sprout focuses exclusively on
building commercial grade tiny homes to satisfy the growing demand
of affordable housing, live-work communities and overnight hotel /
resort markets.
Using
sustainable building materials where possible and pushing the
boundaries of design and energy efficiency are key attributes of
Sprout homes. We manufacture tiny homes on wheels up to 400 sq. ft.
and homes on foundations up to 1200 sq. ft. of living space.
Sprout manufactures its homes in a 45,000 sq. ft. production
facility is located in Pueblo, Colorado. For more information
on the company, visit http://sprouttinyhomes.com
Safe
Harbor Statement
This
press release contains forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), including statements regarding
potential sales, the success of the company's business, as well as
statements that include the word "believe" or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Sprout Tiny Homes, Inc. to differ
materially from those implied or expressed by such forward-looking
statements. This press release speaks as of the date first set
forth above, and Sprout Tiny Homes, Inc. assumes no responsibility
to update the information included herein for events occurring
after the date hereof. Actual results could differ materially from
those anticipated due to factors such as the lack of capital,
timely development of products, inability to deliver products when
ordered, inability of potential customers to pay for ordered
products, and political and economic risks inherent in our
industry.
CONTACT: Rod Stambaugh
Sprout Tiny Homes, Inc.
Phone: 719.247.6195
Info@sprouttinyhomes.com or http://sprouttinyhomes.com
