3DX Signs Letter of Intent to Acquire Homescape, LLC & Real Estate Portfolio

Rhea-AI Summary

3DX Industries, Inc. (DDDX) announced a Letter of Intent to acquire Homescape, LLC, which includes various residential and commercial properties in New York and land holdings in several states. The acquisition is anticipated to close in early 2022 and aims to enhance 3DX's asset portfolio while providing sustainable cash flow. Homescape's unique domain names and skilled team in legal, marketing, and sales will further support 3DX's strategic business plan. CEO Roger Janssen emphasized this move aligns with the company’s objective of expanding revenue-generating assets.

Positive

• Strategic acquisition aimed at enhancing asset portfolio.
• Expected sustainable cash flow from Homescape's properties.
• Inclusion of over 30 unique domain names and experienced team members.

Negative

• None.

SEATTLE, Nov. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – 3DX Industries, Inc. (DDDX) (the “Company” or “3DX”), a state of the art additive manufacturer specializing in 3D Metal Printing, announced today that it has signed a Letter of Intent to purchase Homescape, LLC (Homescape) & its assets, which includes multiple residential and commercial properties and buildings in upstate New York and a land portfolio with parcels in New Mexico, Arizona, Nevada and Michigan.  

Homescape, LLC was started in 2006 by Nicholas Coriano, current VP of 3DX Industries, as a construction company.  He ultimately converted the limited liability company into a holding company when he began investing in domain names and building out website businesses.  The company currently owns raw land ranging from 0.25 acre to 10 acres parcels as well as retail, commercial and residential properties. 

The acquisition, which is scheduled to close in early 2022, also brings to the 3DX team over 30 unique domain names and several social media accounts in niche industries including investor relations, real estate and more.  In addition, the acquisition acquires top talent in the area of legal, marketing and sales via Homescape LLC’s members.  The addition of Homescape LLC’s capabilities and properties will add to  the assets of 3DX Industries, Inc. and allow for sustainable cash flow to enter our business on a monthly basis.

"We are marching forward with our business plan of strategic acquisitions that include real estate and revenue producing properties.  Acquiring Homescape LLC is consistent with our vision,” stated Roger Janssen, CEO and Chairman of 3DX Industries, Inc. “With this Letter of Intent, we will direct our legal and accounting team to begin the process of putting together an official purchase agreement for the acquisition.  We expect the closing of this acquisition to be announced in early 2022,” Mr. Janssen added.

Homescape, LLC is a holding company, with the intent to develop businesses that serve one goal: helping people.  through real estate, products and/or services, the Company also operates over a dozen different tradenames online.

As part of the purchase, Homescape, LLC all real estate owned by Homescape is included in the Letter of Intent to purchase the business.

About the Company: 3DX Industries, Inc. is focused on the additive metal manufacturing segment within the manufacturing industry.  3DX has the capability of manufacturing a wide variety of products using its 3D metal printing system, 3D plastic printing as well as more traditional methods of precision manufacturing. 3DX offers additive and traditional manufacturing services as well as product design, engineering and assembly services to its customers.

About Homescape LLC: Our goal as a holding company is to develop businesses that serve one goal: helping people. While we understand that the company has to be profitable to operate, we also understand that ease of access to a variety of products and services helps consumers live their day-to-day lives.  More information can be found at www.homescapellc.com.

Safe Harbor 3DX encourages those interested in our Company to rely only on information included in our filings. Statements released by 3DX Industries, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

For additional information please contact:

3DX Industries, Inc.
6920 Salashan Parkway Suite D-101
Ferndale WA 98248
Telephone: 360-366-8858
Email: info@3dxindustries.com

Visit the 3DX Industries, Inc. website at www.3dxindustries.com. Information included on the Company's website is not incorporated herein by reference or otherwise.

FAQ

What does 3DX Industries' acquisition of Homescape entail?

3DX Industries is acquiring Homescape, LLC, which includes residential and commercial properties in New York and land in several states, aimed at enhancing its asset portfolio.

When is the acquisition of Homescape expected to close?

The acquisition is expected to close in early 2022.

What benefits does 3DX Industries anticipate from acquiring Homescape?

3DX anticipates sustainable cash flow and the addition of skilled team members, contributing to its strategic growth.

How will Homescape contribute to 3DX Industries' business model?

Homescape will contribute through its real estate properties and unique domain names, which align with 3DX's strategic objective of acquiring revenue-generating assets.