DUBAI, UAE - (NewMediaWire) - June 3, 2024 - Blackwell 3D Construction Corp. (OTC: BDCC) ("Blackwell 3D" or the "Company"), an innovative 3D house printing technology company focused on revolutionizing the construction industry by printing environmentally friendly 3D homes in a fraction of the time and at a fraction of the cost of traditional homes, is pleased to announce the appointment of its new executive team and independent directors, marking a significant milestone in the company's growth trajectory.
"Over the last approximately eight months, we have been engaged in restructuring the company to make sure we were fully compliant with all rules and regulations as an OTC filer, and we successfully accomplished that feat," stated Mohammedsaif Zaveri, CEO of Blackwell 3D. "Now that we have completed this most important task, we are able to focus on our business and execute on our growth plans. As part of that, I wanted to take this opportunity to introduce our new management team, most of whom were appointed in October 2023, in this release."
Mr. Mohammed Saif Zaveri assumes the role of Chief Executive Officer and President, bringing with him a wealth of experience and a proven track record of leadership in the construction sector. With his visionary approach and strategic insight, Mr. Zaveri is poised to drive Blackwell 3D Construction Corp to new heights of success.
Joining Mr. Zaveri is Mr. Mitesh Ashok Rasaikar, who takes on the pivotal role of Chief Technology Officer. With his expertise in cutting-edge technologies and a passion for innovation, Mr. Rasaikar will spearhead the company's technological advancements, ensuring Blackwell 3D Construction Corp remains at the forefront of industry innovation.
Furthermore, Blackwell 3D proudly welcomes Mr. Senthil Kumaran Srinivasan and Mr. Murali Krishna Velupillai as Independent Directors and Audit Committee Members. With their extensive experience in the financial field and deep industry knowledge, Mr. Srinivasan and Mr. Velupillai will provide invaluable guidance and oversight to the company's corporate governance and financial affairs.
"We are thrilled to welcome Mitesh Ashok Rasaikar, Senthil Kumaran Srinivasan, Murali Krishna Velupillai and myself to the Blackwell 3D Construction Corp family," declared Zaveri. "We believe that our collective expertise, leadership, and commitment to excellence will play a pivotal role in driving our company forward as we embark on our mission to revolutionize the construction industry."
The appointment of this new leadership team and independent directors, along with our recent appointment of Mr. Krishnendu Chatterjee as our new Chief Financial Officer, underscores Blackwell 3D's dedication to fostering innovation, excellence, and corporate governance. With their guidance and vision, the company is well-positioned for sustained growth and success in the years to come.
For more information, please visit www.blackwell3d.com for the most up to date information about the Company.
ABOUT BLACKWELL 3D CONSTRUCTION CORP.
Blackwell 3D Construction Corp. owns certain innovative 3D house printing technology assets aimed at revolutionizing the construction industry. Our goal is to specialize in printing fully functional and livable residential housing and small scale apartment buildings in a fraction of the time and cost compared to traditional construction methods. Initially, our focus will be on launching in South East Asia. Our 3D house printing process involves using a large-scale printer and a specialized concrete mixture to create the structural components of the house. The printing process is highly automated, allowing us to create intricate designs and details with precision. Our company's unique approach to construction has several advantages. Firstly, our 3D printed houses are much faster to build than traditional houses, taking only a few weeks to complete. Secondly, our process is much more environmentally friendly, producing less waste and using less energy. Thirdly, our construction costs are significantly lower, allowing us to offer affordable housing solutions. We cater to a diverse range of clients, including individuals, businesses, and governments, who are looking for a modern and cost-effective solution to their construction needs. Our experienced team can design customized houses that meet our clients' specific requirements and preferences. We are constantly innovating and improving our technology to provide even better solutions for our clients.
Important Notice Regarding Forward-Looking Statements
This Press Release contains certain "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the Company's review of potential financing and strategic alternatives, the Company's research and development efforts, the Company's prospects for 2024, and the Company's ability to fine tune its operations, are forward-looking statements. The words "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements, although not all forward-looking statements contain these or similar identifying words.
These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to: Blackwell 3D's ability to continue as a going concern; Blackwell 3D's ability raise additional capital to fund its business on acceptable terms or at all; Blackwell 3D's ability to negotiate and consummate a financing or other strategic transaction; changes in the competitive industries in which the Company operates and variations in operating performance across competitors; changes in laws and regulations affecting Blackwell 3D's business; the risk of downturns in the market and Blackwell 3D's industry; risks related to the uncertainty of the projected financial information with respect to Blackwell 3D; risks related to Blackwell 3D's limited operating history and history of losses; the timing of expected business milestones; Blackwell 3D's ability to implement its business plan and scale its business; Blackwell 3D's ability to formulate, implement and modify as necessary effective sales, marketing, and strategic initiatives to drive revenue growth; Blackwell 3D's ability to expand internationally; the viability of Blackwell 3D's intellectual property and intellectual property created in the future; government regulations and Blackwell 3D's ability to obtain applicable regulatory approvals and comply with government regulations; and the outcome of any legal proceedings that may be instituted against the Company. A further list and description of risks and uncertainties can be found in the most recent filings with the Securities & Exchange Commission (www.sec.gov) and with OTC Markets Group Inc. (www.otcmarkets.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
