Wang and Lee Group CEO and NQ Marble Director to Conduct Onsite Quarry Inspection in Australia, Eyeing Dual Revenue Streams and ESG Leadership
Wang and Lee Group (NASDAQ: WLGS) has announced that CEO Joe Ho and NQ Marble Director Kim Cheng will conduct an onsite inspection of their Australian marble quarry within 10 days. This visit follows the company's recently secured US$71 million contract and aims to evaluate operational readiness and integration plans for dual revenue streams.
The project combines high-quality marble extraction for global construction markets with solar battery crypto mining operations. This innovative approach aligns with the company's ESG leadership goals and sustainable infrastructure strategy.
The initiative focuses on converting mining byproducts into renewable energy sources, aiming to reduce waste and carbon emissions while creating scalable clean energy solutions. CEO Ho expressed optimism about Bitcoin potentially reaching US$100,000 and above, while Director Cheng emphasized the importance of eco-conscious resource management and meeting global demand for sustainable building materials.
Wang e Lee Group (NASDAQ: WLGS) ha annunciato che il CEO Joe Ho e il Direttore di NQ Marble Kim Cheng effettueranno un'ispezione in loco della loro cava di marmo australiana entro 10 giorni. Questa visita segue il recente contratto da 71 milioni di dollari USA ottenuto dall'azienda e ha l'obiettivo di valutare la prontezza operativa e i piani di integrazione per i flussi di entrate duali.
Il progetto combina l'estrazione di marmo di alta qualità per i mercati edili globali con le operazioni di mining di criptovalute con batterie solari. Questo approccio innovativo è in linea con gli obiettivi di leadership ESG dell'azienda e la strategia di infrastruttura sostenibile.
L'iniziativa si concentra sulla conversione dei sottoprodotti del mining in fonti di energia rinnovabile, con l'obiettivo di ridurre i rifiuti e le emissioni di carbonio, creando al contempo soluzioni energetiche pulite scalabili. Il CEO Ho ha espresso ottimismo riguardo alla possibilità che il Bitcoin raggiunga 100.000 dollari USA e oltre, mentre il Direttore Cheng ha sottolineato l'importanza di una gestione delle risorse eco-consapevole e di soddisfare la domanda globale di materiali da costruzione sostenibili.
Wang y Lee Group (NASDAQ: WLGS) ha anunciado que el CEO Joe Ho y el Director de NQ Marble Kim Cheng realizarán una inspección en el lugar de su cantera de mármol en Australia en un plazo de 10 días. Esta visita sigue al reciente contrato de 71 millones de dólares estadounidenses asegurado por la empresa y tiene como objetivo evaluar la preparación operativa y los planes de integración para los flujos de ingresos duales.
El proyecto combina la extracción de mármol de alta calidad para los mercados de construcción globales con operaciones de minería de criptomonedas con baterías solares. Este enfoque innovador se alinea con los objetivos de liderazgo en ESG de la empresa y su estrategia de infraestructura sostenible.
La iniciativa se centra en convertir los subproductos de la minería en fuentes de energía renovable, con el objetivo de reducir residuos y emisiones de carbono, al mismo tiempo que se crean soluciones de energía limpia escalables. El CEO Ho expresó optimismo sobre la posibilidad de que el Bitcoin alcance 100.000 dólares estadounidenses y más, mientras que el Director Cheng enfatizó la importancia de la gestión de recursos ecológica y de satisfacer la demanda global de materiales de construcción sostenibles.
Wang과 Lee 그룹 (NASDAQ: WLGS)는 CEO Joe Ho와 NQ Marble 이사 Kim Cheng이 10일 이내에 호주 대리석 채석장을 현장 점검할 것이라고 발표했습니다. 이번 방문은 최근 확보한 7,100만 달러 계약에 따른 것이며, 운영 준비 상태와 이중 수익원 통합 계획을 평가하는 것을 목표로 하고 있습니다.
이 프로젝트는 고품질 대리석 추출을 글로벌 건설 시장과 태양광 배터리 암호화폐 채굴 운영과 결합합니다. 이 혁신적인 접근 방식은 회사의 ESG 리더십 목표 및 지속 가능한 인프라 전략과 일치합니다.
이 이니셔티브는 채굴 부산물을 재생 가능한 에너지 원으로 전환하는 데 중점을 두어 폐기물과 탄소 배출을 줄이는 동시에 확장 가능한 청정 에너지 솔루션을 창출하는 것을 목표로 합니다. CEO Ho는 비트코인이 10만 달러에 도달할 가능성에 대해 낙관적인 입장을 표명했으며, 이사 Cheng은 친환경 자원 관리의 중요성과 지속 가능한 건축 자재에 대한 글로벌 수요 충족의 중요성을 강조했습니다.
Wang et Lee Group (NASDAQ: WLGS) a annoncé que le PDG Joe Ho et le directeur de NQ Marble Kim Cheng effectueront une inspection sur site de leur carrière de marbre en Australie dans les 10 jours. Cette visite fait suite au récent contrat de 71 millions de dollars américains obtenu par l'entreprise et vise à évaluer la préparation opérationnelle et les plans d'intégration pour des flux de revenus doubles.
Le projet combine l'extraction de marbre de haute qualité pour les marchés de la construction mondiaux avec des opérations de minage de crypto-monnaies à batterie solaire. Cette approche innovante s'aligne avec les objectifs de leadership ESG de l'entreprise et sa stratégie d'infrastructure durable.
L'initiative se concentre sur la conversion des sous-produits du minage en sources d'énergie renouvelable, visant à réduire les déchets et les émissions de carbone tout en créant des solutions d'énergie propre évolutives. Le PDG Ho a exprimé son optimisme quant à la possibilité que le Bitcoin atteigne 100 000 dollars américains et plus, tandis que le directeur Cheng a souligné l'importance d'une gestion des ressources respectueuse de l'environnement et de répondre à la demande mondiale de matériaux de construction durables.
Wang und Lee Gruppe (NASDAQ: WLGS) hat angekündigt, dass CEO Joe Ho und NQ Marble Direktor Kim Cheng innerhalb von 10 Tagen eine Vor-Ort-Inspektion ihres australischen Marmorbruchs durchführen werden. Dieser Besuch folgt auf den kürzlich gesicherten 71 Millionen US-Dollar Vertrag des Unternehmens und zielt darauf ab, die betriebliche Bereitschaft und die Integrationspläne für doppelte Einnahmequellen zu bewerten.
Das Projekt kombiniert die Gewinnung von hochwertigem Marmor für die globalen Baumärkte mit Solarbatterie-Krypto-Mining Operationen. Dieser innovative Ansatz steht im Einklang mit den ESG-Führungszielen des Unternehmens und der nachhaltigen Infrastrukturstrategie.
Die Initiative konzentriert sich darauf, Abfallprodukte aus dem Mining in erneuerbare Energiequellen umzuwandeln, mit dem Ziel, Abfall und Kohlenstoffemissionen zu reduzieren und gleichzeitig skalierbare Lösungen für saubere Energie zu schaffen. CEO Ho äußerte Optimismus, dass Bitcoin möglicherweise 100.000 US-Dollar und mehr erreichen könnte, während Direktor Cheng die Bedeutung eines umweltbewussten Ressourcenmanagements und die Erfüllung der globalen Nachfrage nach nachhaltigen Baustoffen betonte.
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Hong Kong, March 24, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ: WLGS) today announced that its CEO, Mr. Joe Ho, and Ms. Kim Cheng, Director of NQ Marble Pty Ltd, will travel to Australia, within the next 10 days to conduct an onsite inspection of the marble quarry central to the Group’s recently awarded US
The inspection will focus on operational readiness, resource evaluation, and integration plans for the quarry’s marble extraction and solar crypto mining initiatives. Mr. Ho emphasized that the project is poised to unlock two new revenue streams for the group: high-quality Australian natural marble production for global construction markets and solar battery crypto mining. Additionally, the project aligns with the Group’s strategic push into the ESG (Environmental, Social, and Governance) sector, reinforcing its leadership in sustainable development.
CEO Joe Ho: Vision for Growth and Sustainability
“This onsite visit marks a critical step in transforming our vision into actionable progress,” said Mr. Ho. “The Australian quarry is not just a source of premium marble; it is a launchpad for pioneering ESG-driven technologies. By harnessing renewable energy potential, we aim to set a new industry benchmark while diversifying our revenue base. This project exemplifies how economic growth and environmental stewardship can coexist. We are also bullish on Bitcoin reaching US
NQ Marble Director Kim Cheng: Operational Excellence
Ms. Kim Cheng added, “Our team is eager to assess the quarry’s capabilities firsthand and collaborate with local partners to ensure operational excellence. This venture will not only meet rising global demand for sustainable building materials but also position NQ Marble as a leader in eco-conscious resource management.”
Strategic Implications
The Australia quarry project, part of Wang and Lee Group’s broader expansion into green energy, is expected to bolster the company’s margins and ESG credentials. By converting mining byproducts into renewable energy sources, the Group aims to reduce waste, lower carbon emissions, and create scalable clean energy solutions for adjacent industries.
About WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, which includes low voltage (220v/phase 1 or 380v/phase 3) electrical system, mechanical ventilation and air-conditioning system, fire service system, water supply and sewage disposal system installation and fitting out for the public and private sectors. It is also able to provide design and contracting services to all trades in the construction industry. Their clients range from small startups to large companies.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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