Cuentas, Inc. Plans exponential growth in the thriving South Florida real estate landscape in 2024, anticipating lower interest rates, and harnessing the power of cost-efficient and weather-resistant composite building technology from Renco USA. This visionary approach propels Cuentas, Inc., to the forefront of the region's real estate boom, setting the stage for exponential success in the dynamic landscape of multifamily development.
MIAMI BEACH, FL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTC: CUEN & CUENW) ("CUEN" or "the Company"), the foremost developer of fully integrated real estate, telecommunications, and financial applications for the unbanked and underbanked Hispanic market, has officially announced its strategic intentions to broaden its real estate construction ventures in South Florida. This follows the success of its inaugural project in Palm Springs, Florida, where the Lakewood Village apartment buildings were meticulously crafted with a composite material and designed to endure the onslaught of a Category 5 hurricane, thereby ensuring durability while also minimizing construction costs.
The decision comes at a pivotal time as the frequency and intensity of extreme weather events escalate due to climate changes affecting the planet. This vulnerability to hurricanes is particularly pronounced across the entire state of Florida, resulting in a surge in insurance rates and the need to build durable and low-cost housing.
Looking forward, the anticipated reduction in mortgage interest rates in 2024 is poised to catalyze incentives for affordable, weather-resistant, and expeditious construction projects. Cuentas is gearing up to play a pivotal role as a direct developer and investor in the flourishing real estate market. Over the last five years, Florida's home values have skyrocketed by an impressive 80%, and a positive trajectory is forecast for the next half-decade.
Tampa, distinguished as the top real estate market in 2022 by Zillow, has experienced noteworthy spikes in housing prices. Despite the prevailing seller-friendly conditions in the robust Florida market, the potential of lower mortgage rates may entice prospective buyers to make significant property acquisitions. Cuentas, which holds a majority stake in its Tampa project, is poised to break ground in 2024.
Cuentas management's visionary approach is guaranteed in a 10-year supply agreement with Renco USA, the trailblazing manufacturer of modular building technology. The plastic blocks break at 16,000 PSI, which is 10 times stronger than traditional concrete. There is no need to use specialized tools or heavy equipment, and the building flies up with a construction crew following a color-coded diagram while snapping together the pieces. Construction costs are 20 percent less expensive than traditional construction, leading to lower insurance rates.
This innovative construction method has transformed the landscape of real estate development, offering robust and long-lasting housing solutions for lower-income families—aligning seamlessly with Cuentas' commitment to this demographic through its Cuentas Casa product line.
In anticipation of the upcoming annual shareholder meeting, the company has recently disseminated a comprehensive Shareholder Letter penned by the CEO. The letter delves into CUEN's 2024 business forecast, plans for further enhanced profitability, and the latest strides made in its impending acquisition.
For shareholders eager to actively participate, the company is gearing up for its Annual Meeting of Shareholders. The proxy vote, instrumental in shaping the company's future, is conveniently accessible on the official company website (). To address any queries or concerns, shareholders are encouraged to reach out to the Voter Support team via email at vote@cuentas.com. Additionally, shareholders can obtain their voting information and instructions on the company's dedicated online voting platform. Cuentas remains committed to fostering transparency and shareholder engagement as it charts an exciting course for the future.
About Cuentas
Cuentas, Inc. (OTC: CUEN & CUENW) is creating an alternative financial ecosystem for the growing global population who do not have access to traditional financial alternatives. The Company's proprietary technologies help to integrate FinTech (Financial Technology), e-finance and e-commerce services into solutions that deliver next generation digital financial services to the unbanked, under-banked and underserved populations nationally in the USA. The Cuentas Platform integrates Cuentas Mobile, the Company's Telecommunications solution, with its core financial services offerings to help entire communities enter the modern financial marketplace. Cuentas has launched its General Purpose Reloadable (GPR) Card, which includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. In Q1 of 2023 Cuentas launched Cuentas Casa, an alternative housing development initiative that secured a 10-year supply agreement for a patented, sustainable building system that will provide the bridge between its technology solutions and the affordable housing market. Cuentas has made investments to date in affordable housing projects for over 450 apartments. LINK: AND
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Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. These forward-looking statements involve substantial uncertainties and risks and are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, but not limited to, OTC and shareholder approval of the proposed transaction, our ability to manage our research and development programs that are based on novel technologies, our ability to successfully integrate WHEN operations and product offerings, the sufficiency of working capital to realize our business plans and our ability to raise additional capital, market acceptance, the going concern qualification in our financial statements, our ability to retain key employees, our competitors developing better or cheaper alternatives to our products, risks relating to legal proceedings against us and the risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
Contact Information:
Arik Maimon
CEO at Cuentas Inc
Cuentas Inc. (OTC:CUEN)
Phone: 800-611-3622
Mobile: 786-774-2835
Web:
Email: arik@cuentas.com
Cuentas, Inc. 计划在2024年实现蓬勃发展的南佛罗里达州房地产格局呈指数级增长,预计利率会降低,并利用Renco USA提供的具有成本效益和耐候性的复合建筑技术的力量。这种富有远见的方法将Cuentas, Inc. 推向了该地区房地产繁荣的最前沿,为在多户住宅开发的动态格局中取得指数级成功奠定了基础。
佛罗里达州迈阿密海滩,2023年12月20日(GLOBE NEWSWIRE)——Cuentas, Inc.(场外交易代码:CUEN & CUENW)(“CUEN” 或 “公司”)是为无银行账户和银行账户不足的拉美裔市场提供全面整合房地产、电信和金融应用的首要开发商,已正式宣布其扩大其在南佛罗里达州的房地产建筑企业的战略意图。在此之前,该公司在佛罗里达州棕榈泉的首个项目取得了成功,该项目的Lakewood Village公寓楼采用复合材料精心制成,旨在承受五级飓风的袭击,从而确保耐用性,同时最大限度地降低建筑成本。
该决定是在关键时刻做出的,因为气候变化影响地球,极端天气事件的频率和强度不断升级。这种抵御飓风的脆弱性在整个佛罗里达州尤为明显,导致保险费率激增,需要建造耐用的低成本住房。
展望未来,预计将在2024年降低抵押贷款利率,这有望促进对负担得起、耐候和快速建设项目的激励措施。作为蓬勃发展的房地产市场的直接开发商和投资者,Cuentas正准备发挥关键作用。在过去的五年中,佛罗里达州的房屋价值飙升了令人印象深刻的80%,预计未来五年将出现积极的走势。
坦帕被Zillow评为2022年最大的房地产市场,房价经历了显著的飙升。尽管在强劲的佛罗里达市场中普遍存在对卖方有利的条件,但较低的抵押贷款利率可能会吸引潜在买家进行重大房地产收购。持有坦帕项目多数股权的昆塔斯有望在2024年破土动工。
Cuentas管理层的远见卓识在与模块化建筑技术的开创性制造商Renco USA签订的为期10年的供应协议中得到了保障。塑料块的断裂强度为16,000 PSI,是传统混凝土的10倍。无需使用专门的工具或重型设备,施工人员按照颜色编码的示意图飞行,同时将各部分拼凑在一起。施工成本比传统建筑便宜20%,从而降低了保险费率。
这种创新的施工方法改变了房地产开发的格局,为低收入家庭提供了坚固耐用的住房解决方案,这与Cuentas通过其Cuentas Casa产品线对这一人群的承诺无缝契合。
为迎接即将举行的年度股东大会,该公司最近发布了一封由首席执行官撰写的全面股东信函。这封信深入探讨了CUEN的2024年的业务预测、进一步提高盈利能力的计划以及其即将进行的收购取得的最新进展。
对于渴望积极参与的股东,该公司正在为年度股东大会做准备。代理投票有助于塑造公司的未来,可在公司官方网站()上方便地访问。为了解决任何疑问或疑虑,鼓励股东通过电子邮件与选民支持团队联系,电子邮件地址为 vote@cuentas.com。此外,股东可以在公司的专用在线投票平台上获得投票信息和指示。Cuentas仍然致力于提高透明度和股东参与度,因为它为未来规划了一条令人兴奋的道路。
关于昆塔斯
Cuentas, Inc.(场外交易代码:CUEN & CUENW)正在为越来越多的无法获得传统金融替代方案的全球人口创建另类金融生态系统。该公司的专有技术有助于将金融科技(金融科技)、电子金融和电子商务服务整合到解决方案中,为美国全国没有银行账户、银行账户不足和服务不足的人群提供下一代数字金融服务。Cuentas平台将公司的电信解决方案Cuentas Mobile与其核心金融服务产品整合在一起,以帮助整个社区进入现代金融市场。Cuentas推出了通用可充值(GPR)卡,其中包括数字钱包、在主要实体和在线零售商处购物的折扣、奖励以及购买数字内容的能力。2023年第一季度,Cuentas启动了Cuentas Casa,这是一项替代住房开发计划,旨在为获得专利的可持续建筑系统签订了为期10年的供应协议,该系统将在其技术解决方案和经济适用房市场之间架起桥梁。迄今为止,Cuentas已投资了超过450套公寓的经济适用住房项目。链接: 和
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前瞻性陈述
本新闻稿包含 “前瞻性陈述”,该术语的定义见经修订的1933年《美国证券法》第27a条和经修订的1934年《美国证券交易法》第21e条。这些前瞻性陈述涉及大量的不确定性和风险,基于我们当前的预期、估计和预测,反映了我们基于本新闻稿发布之日获得的信息的信念和假设。我们提醒读者,前瞻性陈述是基于我们当前对未来事件的预期的预测。这些前瞻性陈述不能保证未来的表现,并且受难以预测的风险、不确定性和假设的影响。由于多种因素,我们的实际业绩、业绩或成就可能与前瞻性陈述所表达或暗示的业绩、业绩或成就存在重大差异,包括但不限于拟议交易的场外交易和股东批准、我们管理基于新技术的研发计划的能力、成功整合WHEN运营和产品供应的能力、实现业务计划的营运资金的充足性以及我们筹集额外资金的能力、市场接受度,那个持续关注我们的财务报表中的资格、我们留住关键员工的能力、我们的竞争对手开发更好或更便宜的产品替代品、与针对我们的法律诉讼相关的风险,以及截至2022年12月31日财年的10-K表年度报告第1A项以及我们向美国证券交易委员会提交的其他文件中 “风险因素” 标题下讨论的风险和不确定性。我们没有义务出于任何原因修改或更新任何前瞻性陈述。
联系信息:
Arik Maimon
首席执行官在 Cuentas Inc
Cuentas Inc.(场外交易代码:CUEN)
电话:800-611-3622
手机:786-774-2835
网页:
电子邮件: arik@cuentas.com