Greensboro, NC - FoundationWorks, Inc., a provider of highly innovative structural systems that combine to create a next generation foundation, as well as a provider of full site services for their products, announces the completion of their $5 Million Series C Preferred Stock Offering. This brings aggregate funding totals for FoundationWorks, Inc. to date to just over $7 Million.
“We are pleased to have completed this series in such a timely manner and with the support of our Board of Directors, Advisory Council, existing and new investors” stated Al Preusch, Chairman of FoundationWorks. “The company continues to deliver sizable growth each quarter in the base business of selling and installing foundation systems through a variety of distribution channels, and we are most fortunate to have a great team of Directors and Advisors to lead this effort”.
For a current listing of FoundationWorks, Inc. Board of Directors, Council of Advisors and Management Team, please visit: http://www.foundationworksinc.com/fwiteam.asp?team=2&pid=home.
FoundationWorks, Inc. is a provider of highly innovative structural systems that create a next generation foundation which goes beyond site-poured concrete in both performance and cost savings with comparable exterior appearance. They also provide a complete package of full site services designed to make on-site new home or retrofit foundation installation an experience that is state-of-the-art. The systems, with site specific engineering, are accepted as a permanent foundation for conventional, FHA and VA financing; are quicker to install, hours vs. days, and are about half the price of conventional site-poured systems. FoundationWorks, Inc. was founded in 2004 and is headed by a management team of seven entrepreneurs, many of whom have over 20 years of expertise in the factory-built home realm. Headquartered in Greensboro, NC, with offices also in Salem, OR; Dallas, TX; and Fife, WA, FoundationWorks, Inc. is a mid-size national company focused on the development, manufacture and marketing of innovative, proven proprietary foundation systems to improve the structural performance and visual appearance of factory-built homes. For more information please visit www.foundationworksinc.com. |