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CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,0000,000 Mortgage Extension

CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,0000,000 Mortgage Extension

CUEN — Cuentas公司通過貸款人3,000萬美元的抵押貸款延期宣佈了坦帕房地產企業的融資條款
GlobeNewswire ·  02/15 09:30

Cuentas, Inc. discloses the overarching terms of its mortgage and loan agreement conditions, including a $500,000 Line of Credit. Cuentas Casa is poised to embark on the commencement of the Tampa real estate project development, further reinforcing its commitment to growth and innovation.

Cuentas, Inc. 披露了其抵押貸款和貸款協議條件的總體條款,包括50萬美元的信貸額度。Cuentas Casa準備開始坦帕房地產項目開發,進一步加強其對增長和創新的承諾。

MIAMI BEACH, FL, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTC: CUEN & CUENW) ("CUEN" or "the Company"), the trailblazing force behind fully integrated real estate, telecommunications, and financial applications for the unbanked and underbanked Hispanic market, has unveiled key developments related to its Tampa project and associated line of credit, signaling the imminent launch of the transformative Cuentas Casa initiative.

佛羅里達州邁阿密海灘,2024年2月15日(GLOBE NEWSWIRE)——CUENS, Inc.(場外交易代碼:CUEN & CUENW)(“CUEN” 或 “公司”)是爲無銀行賬戶和銀行賬戶不足的拉美裔市場提供全面整合的房地產、電信和金融應用的開拓力量,公佈了與其坦帕項目和相關信貸額度有關的主要進展,這表明該項目即將啓動變革性的 Cuentas Casa 倡議。

Cuentas proudly announces that it has successfully negotiated favorable terms for the extension of its mortgage, amounting to Three million dollars ($3,000,000), with its current mortgage lender. This extension underscores the strong support from the financial institution for Cuentas' real estate ventures. Simultaneously, in a strategic move, Cuentas and its development partners have secured a line of credit totaling Five hundred thousand dollars ($500,000). This financial injection is aimed at expediting the project by facilitating construction permits and obtaining groundbreaking approval.

Cuentas自豪地宣佈,它已成功與目前的抵押貸款機構就延長抵押貸款的優惠條款進行了談判,金額爲300萬美元(合300萬美元)。此次延期凸顯了金融機構對Cuentas房地產企業的大力支持。同時,在一項戰略舉措中,昆塔斯及其發展夥伴獲得了總額爲五十萬美元(50萬美元)的信貸額度。這筆資金注入旨在通過促進施工許可和獲得開創性的批准來加快該項目。

This milestone achievement not only highlights the progress of the Cuentas Casa division but also symbolizes the trust bestowed upon Cuentas and its management by both the mortgage and line of credit lenders. The Company's organizational commitment is unwavering, with plans to initiate groundbreaking at the earliest, leveraging its extensive experience, strategic partnerships with building materials suppliers, and cutting-edge technologies. The innovative modular construction method, aligned with the Company's mission, promises durable and high-quality housing solutions for lower-income families.

這一具有里程碑意義的成就不僅凸顯了Cuentas Casa部門的進展,也象徵着抵押貸款和信貸額度貸款機構對Cuentas及其管理層的信任。該公司的組織承諾堅定不移,計劃利用其豐富的經驗、與建築材料供應商的戰略合作伙伴關係以及尖端技術,儘早啓動破土動工。創新的模塊化建築方法符合公司的使命,有望爲低收入家庭提供耐用和高質量的住房解決方案。

With a majority stake in the Tampa project, Cuentas has enhanced its terms to include a right of first refusal for any additional equity contributions, potentially increasing its future partnership participation. Notably, the Tampa area has been recognized as one of the fastest-growing real estate markets in 2022 by Zillow. Anticipating a reduction in mortgage rates, Cuentas foresees increased interest from prospective buyers within the targeted demographic market served by Cuentas Casa.

憑藉坦帕項目的多數股權,Cuentas加強了其條款,將任何額外股權出資的優先選擇權包括在內,這有可能增加其未來的合作伙伴參與度。值得注意的是,坦帕地區被Zillow評爲2022年增長最快的房地產市場之一。預計抵押貸款利率將降低,昆塔斯預計,在Cuentas Casa所服務的目標人群市場中,潛在買家的興趣將增加。

The Company's management team remains dedicated to exploring additional opportunities to enrich the future portfolio of Cuentas Casa. Through this commitment, Cuentas is set to revolutionize essential service sectors by delivering strategic telecommunications, fintech, and housing solutions, solidifying its position as a trailblazer in the industry.

該公司的管理團隊仍致力於探索更多機會,以豐富Cuentas Casa的未來投資組合。通過這一承諾,Cuentas將通過提供戰略電信、金融科技和住房解決方案,徹底改變基本服務行業,鞏固其作爲該行業開拓者的地位。

Arik Maimon
Chairman and CEO

Arik Maimon
董事長兼首席執行官

About Cuentas

關於昆塔斯

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

Cuentas, Inc.(場外交易代碼:CUEN & CUENW)正在爲越來越多的無法獲得傳統金融替代方案的全球人口創建另類金融生態系統。該公司的專有技術有助於將金融科技(金融科技)、電子金融和電子商務服務整合到解決方案中,爲美國全國沒有銀行賬戶、銀行賬戶不足和服務不足的人群提供下一代數字金融服務。Cuentas平台將公司的電信解決方案Cuentas Mobile與其核心金融服務產品整合在一起,以幫助整個社區進入現代金融市場。Cuentas推出了通用可充值(GPR)卡,其中包括數字錢包、在主要實體和在線零售商處購物的折扣、獎勵以及購買數字內容的能力。2023年第一季度,Cuentas啓動了Cuentas Casa,這是一項替代住房開發計劃,旨在爲獲得專利的可持續建築系統簽訂了爲期10年的供應協議,該系統將在其技術解決方案和經濟適用房市場之間架起橋樑。迄今爲止,Cuentas已投資了超過450套公寓的經濟適用住房項目。鏈接:和

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Forward-Looking Statements

前瞻性陳述

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.

本新聞稿包含 “前瞻性陳述”,該術語的定義見經修訂的1933年《美國證券法》第27a條和經修訂的1934年《美國證券交易法》第21e條。這些前瞻性陳述涉及大量的不確定性和風險,基於我們當前的預期、估計和預測,反映了我們基於本新聞稿發佈之日獲得的信息的信念和假設。我們提醒讀者,前瞻性陳述是基於我們當前對未來事件的預期的預測。這些前瞻性陳述不能保證未來的表現,並且受難以預測的風險、不確定性和假設的影響。由於多種因素,我們的實際業績、業績或成就可能與前瞻性陳述所表達或暗示的業績、業績或成就存在重大差異,包括但不限於擬議交易的場外交易和股東批准、我們管理基於新技術的研發計劃的能力、成功整合WHEN運營和產品供應的能力、實現業務計劃的營運資金的充足性以及我們籌集額外資金的能力、市場接受度,那個持續關注我們的財務報表中的資格、我們留住關鍵員工的能力、我們的競爭對手開發更好或更便宜的產品替代品、與針對我們的法律訴訟相關的風險,以及截至2022年12月31日財年的10-K表年度報告第1A項以及我們向美國證券交易委員會提交的其他文件中 “風險因素” 標題下討論的風險和不確定性。我們沒有義務出於任何原因修改或更新任何前瞻性陳述。

Contact Information:

聯繫信息:

Arik Maimon
CEO at Cuentas Inc
Cuentas Inc. (OTC:CUEN)
Phone: 800-611-3622
Mobile: 786-774-2835
Web:
Email: arik@cuentas.com

Arik Maimon
首席執行官在 Cuentas Inc
Cuentas Inc.(場外交易代碼:CUEN)
電話:800-611-3622
手機:786-774-2835
網頁:
電子郵件:arik@cuentas.com


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