Concrete Leveling Systems, Inc. Provides Corporate Update

Rhea-AI Summary

Concrete Leveling Systems Inc (CLEV) provides an update on its gaming and hospitality division, Jericho Associates Inc, outlining its acquisition objectives and progress. Jericho aims to develop a major casino in California, leveraging experienced banking and consulting services for financing and operational support. The company is also working on a commercial gaming project with diverse amenities to enhance shareholder value.

CANTON, Ohio, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Concrete Leveling Systems Inc (OTC PINK:CLEV) (the Company) and Jericho Associates Inc (Jericho), its hospitality and gaming division, are pleased to advise and update our Shareholders as to the current direction and progress of the Company.

Jericho is a Nevada corporation formed as a special purpose company focusing on the casino gaming, hospitality, entertainment, and leisure time industries.  In March of 2017, Jericho entered into an agreement with Concrete Leveling Systems, Inc, whereby Jericho became the gaming and hospitality division of the Company.

Jericho is a developer and operator of both commercial and Tribal Government casinos with abilities to provide regulatory, architectural, financing development, and operational assistance to viable projects. 

As previously disclosed, Jericho has identified two acquisition objectives. The larger of the two, based on its location, demographics, and anticipated design, has the potential to become one of the largest and highly successful casinos in California. This acquisition is in its last major governmental regulatory requirement allowing Jericho to accelerate its timeline in accomplishing its project objectives. 

To enhance the project’s financing requirements, Jericho is utilizing the services of a value added associate. He has over 40 years experience as a banker and organized “his team” which specializes in arranging development, renovation, remodel, and expansion financing to the casino gaming industry.  He and his team raised over $15 billion in capital during the last five years to this unique industry segment.

Jericho also consults with Tribal Gaming Solutions (TGS) in certain and select casino gaming matters. The principals of TGS have worked in the tribal gaming sector since 1995 and currently  works with a number of tribal casino gaming clients in Washington State, Kansas, and California in areas ranging from regulatory, master planning, environmental, financing, development, and operation  of their casino projects. This arrangement is advantageous to both TGS and Jericho.

Jericho, is currently pursuing a commercial gaming project to develop a casino and provide other amenities including a full service restaurant and resort type entertainment within a complete resort community comprised of condominiums, homes, golf course, tennis courts, boating and water sports.  Jericho would develop and operate the casino and provide and oversee the operation of the restaurant and added amenities.

Jericho consists of a group of highly skilled and experienced casino gaming individuals. They have over 100 combined years in casino matters including financing, development and operation. 

Jericho is in a unique position to increase shareholder value with short and long term growth objectives along with a strong pipeline.

The Company and its associates would like to thank its shareholders for their continued support of its efforts and we look forward to reporting further updates soon.

Contact:
Ronald J. Tassinari, CEO
Jericho Associates, Inc.
Rjtass@hotmail.com

Notice About Forward-Looking Statements
This news release may contain "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, the accomplishment of any of our plans listed for any acquisitions, production, marketing, products or product sales, and the timeliness within which such items may be accomplished, as referred to in this news release.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with acquisitions, product development and sale. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and that which is made publicly available by us from time to time. No information in his press release should be construed in any way as an indication of the Company’s future revenues, financial condition, or stock price.

FAQ

What is the focus of Jericho Associates Inc within Concrete Leveling Systems Inc?

Jericho Associates Inc is the hospitality and gaming division of Concrete Leveling Systems Inc, focusing on casino gaming, hospitality, entertainment, and leisure time industries.

What are Jericho's acquisition objectives?

Jericho has identified two acquisition objectives, with one potentially becoming one of the largest and successful casinos in California.

Who is Jericho partnering with for financing development in the casino gaming industry?

Jericho is partnering with a value added associate with over 40 years of banking experience and a team specializing in arranging financing for the casino gaming industry.

What consulting services does Jericho engage in for casino gaming matters?

Jericho consults with Tribal Gaming Solutions (TGS) for regulatory, master planning, environmental, financing, development, and operation of casino projects.

What project is Jericho currently pursuing in the gaming industry?

Jericho is pursuing a commercial gaming project to develop a casino with additional amenities like a full-service restaurant and resort entertainment.