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HomeMy WebLinkAbout2013-09-24 Euless ArticlesDISTRIBLTED TO: I .:.J. PAGE __ OF__:]_ .H.-IJ'OR C/Tt'C\'CL C/Tt'ATT,VY SUTTER MCK. UllE BROJJ.i,V .-1..Vl.llAL C\'TR .lfrD0.\'.11.D COUl.\S W. RI/ODES GETCHELL LIBR.IRJ'.IDJll.V LIBRARF REF ll.4RTSELL DATE DISTRIBUTED 91;;)'-}II3 DATEOFARTICLE 9/ 3 IL ,3 .\EJISPIPERLCk tC&ti..t CJ~11t.a. • PRESS RELEASE • September 3, 2013, 6:30 p.m. ET Pure Multi-Family REIT LP announces closing of two previously announced properties for US$45.3 million • /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ VANCOUVER, Sept. 3, 2013 /CNW/ -Pure Multi-Family REIT LP ("Pure Multi") (TSXV: RUF.U, RUF.DB.U) announced today the successful closing of two multi-family apartment communities (the "Properties") in Dallas, Texas for a combined purchase price of $45,300,000. The Properties are known as Livingston Apartments ("Livingston"), a multi-family apartment.community located in Plano, Texas, purchased for US$25,500,000, and Fountainwood Apartments ("Fountainwood") located in Euless, Texas, purchased for US$19,800,000. Livingston consists of 180 residential units situated on 11.83 acres of land with 213,838 square feet of rentable space. Amenities and features at the Livingston include a pool, clubhouse, fitness centre and business centre. Fountainwood consists of 288 residential units situated on 13.64 acres with 228,900 square feet of rentable space. Fountainwood's amenities and features include a pool, spa, business centre, library, internet cafe, fitness centre and a luxury outdoor kitchen overlooking the pool. Both Euless and Plano are submarkets located in the Dallas Fort-Worth region. According to the most recent statistics from the United States Census Bureau, the Dallas Fort-Worth region had the largest population gain in the United States from 2011 to 2012. Pure Multi funded the acquisition of the Properties with equity from the bought deal offering that closed on August 7, 2013 and with partial proceeds from new first mortgages in the amount of US$28.9 Million at a weighted average interest rate of 3.94% per annum. Steve Evans, CEO of Pure Multi, is a director of the vendor entities. The properties were acquired indirectly by Pure Multi from a wholly-owned subsidiary of Sunstone U.S. Opportunity Realty Trust ("Sunstone"). Pure Multi and Sunstone are non-arm's length parties in accordance with the policies of the TSX Venture Exchange ("TSXV") by virtue of having certain directors and officers in common. Mr. Evans added, "We are extremely pleased to be adding these two Dallas market properties to our core portfolio. These Class A properties have historically had very high occupancy levels, and further increase our exposure to the very strong Plano and Euless sub-markets of the burgeoning Dallas-Fort /JISTRJBLTED TO: J'.IGE_d__oF ,~: ,\/.-t HJR C/TJ' C.\'Cl CITY A TT.VY SDTTER JICKA.lf/E BROWN A1\J.lfAL C.VTR HcDO.Y ILD COLLl.\S W RI/ODES GETCHELL LIBRARY ADJf/N LIBRARY REF /l4RTSELL DATE DISTRIBUTED CJ /J..4 / 13 DATEOFARTICLE 913 /13 ,\'EJJSP.IPf.R(,uc r & . ~ fc'i..L)l J,1._( '- Worth Metroplex, an area that continues to experience strong economic growth and rental rates increases." Pure Multi 's 2013 year-to-date acquisitions are summarized below: Going In Area Property Submarket Purchase Price Cap Rate Units (RSF) Fairways at North Dallas, Prestonwood TX $ 17,500,000 6.40% 156 152,072 Vistas at Hackberry Creek Irving, TX $ 45,400,000 6.49% 560 435,208 Boulevard at Deer Park Deer Park, TX $ 23,000,000 6.07% 216 201,804 Windsong Apartment Homes Dallas, TX $ 16,500,000 6.89% 264 172,172 Livingston Apartments Plano, TX $ 25,500,000 6.27% 180 213,838 Fountainwood Apartments Euless, TX $ 19,800,000 7.00% 288 228,900 $ 147,700,000 6.49% 1,664 1,403,994 As a result of the Livingston and Fountainwood acquisitions, Pure Multi's portfolio now totals 12 multifamily properties situated on 198 acres of land, with 3,572 apartment units in 253 buildings consisting of approximately 3.10 million rentable square feet. About Pure Multi-Family REIT LP DISTRIBUTED TO: P.·IGI:~Of._j__ SUTTER JICKA.ll/E BROWN ANIJIAL C.\'TR .l/-t HJR CIT}' C.\'CL CITYATTSY .ltcDOYILD COLLI.VS W. RHODES GETCHELL LIBR.IRf..WJl/,'V LIBRARY REF l/.lRTSELL DATEOFARTICLE Cf /3 // 3 ,\'EHSP.ll'ERll h f'D \q._~Q£. DATE DISTRIBUTED q /~'-II 13 ~ Pure Multi is a Canadian based, publically traded vehicle which offers investors exclusive exposure to U.S. multi-family real estate assets. Pure Multi's Units are USO denominated and allow Canadian investors the opportunity to buy into under-valued American hard assets while the Canadian dollar trades near 40 year highs. Additional information about Pure Multi is available at www.puremultifamily.com or www.sedar.com. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture Exchange) HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE. SOURCE Pure Multi-Family REIT LP Image with caption: "Outdoor living space at Livingston Apartments and pool view at Fountainwood Apartments (CNW Group/Pure Multi-Family REIT LP)". Image available at: http:// photos. newswire .ca/images/ download/20130903 _ C9959 _PHOTO _EN_ 30354.j pg /CONTACT: Andrew Greig, Director of Investor Relations Pure Multi-Family REIT LP Suite 910, 925 West Georgia Street Vancouver, BC V6C 3L2 Phone: (604} 681-5959 or (888) 681-5959 E-mail: agreig@puremultifamily.com Copyright CNW Group 2013 The Wall Street Journal news department was not involved in the creation of this content. JJISTRI Bl'TED TO: PA G'E_!__ OF ~/ JICKAJl/E BROWN Ai\llJIAL C\TR .l/. O'OR .llcDO.Y ILD CIT}' C.\'Cl cou_l.\'s CITYA TTNY W. RHODES SUTTER GETCHELL L/BR.IRYAD.ll/.V LIBRAR'f REF lltRT5ELL D.-1 TE DISTRIBUTED CJ I Jli1'/ / 3 DA TE OF .-t RTICLE __ l,_/ _,__/_4~f~/ -.:.J_ 2 __ L , . Q SEIJSP-ll'ER U11 [ \. L' (J press release Sept. 4, 2013, 10:32 a.m. EDT U.S. Concrete's San Francisco Bay Area Operating Company Showcases Bay Bridge Concrete Construction Milestones and Technical Achievements L}(;;, LL-'l/lf-I EULESS, Texas, Sep 04, 2013 (GLOBE NEWSWIRE via COMTEX) --Celebrating the opening of the San Francisco-Oakland Bay Bridge, Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. /quotes/zigman/3871893/quotes/nls/uscr USCR -3.34%, and the leader in delivering low-C02 concrete to the San Francisco Bay Area, has posted a photo gallery showcasing the innovative concrete solutions deployed for the Bay Bridge construction project. This Visual Album, "The Bay Bridge, A Thirteen-Year Retrospective," provides visitors with a unique view of the enormity of the Bay Bridge project. Thirteen-Year Retrospective: Highlights By the Numbers Central Concrete started work on the San Francisco-Oakland Bay Bridge in 2001. Twelve years later, Central Concrete has supplied over a quarter of a million cubic yards of concrete--equivalent to covering a football field with concrete, 153 feet thick. At peak times, Central Concrete utilized four plants, 60 trucks at a time (using 136 trucks for the East Span Deck pour alone), and multiple 12-to 16-hour pours, including several overnight placements. Rigorous Requirements The Bay Bridge project entailed a number of rigorous requirements, such as concrete durability, C02 reduction, rapid setting and pumpability. To meet these requirements, Central Concrete engineered more than 40 specialty mixes, leading to many new performance milestones. Not only were the mixes optimized to deliver the aggressive performance specified for this large-scale, technically challenging project, but Central Concrete's use of 25 percent to 50 percent cement replacement materials significantly reduced the Bay Bridge's carbon footprint. The low-C02 mix designs resulted in at least 60 million pounds of C02 reduction, as compared to traditional Portland cement concrete. IJISTRIHCTED TO: .II I HJH CITJ' C.\'CL !UTTER .l/CKAJllE BROW,'\/ . t\'/.ll.·ll C:\'fR lldJO.Y 11.D COU/.\S CITJ'.ITTVY W RllOJJES GETCHELL UBR. IRY. ID.l//.V UBR.IRJ! REF 11 IRTSfl.L c, /:Jd.// :3 D. I TE D/.STRI Bl'TED __ ..._ _ __._ __ .,._7_~----D.lTEOF.IRTICLE 9 /4 // 3 .\'EWSP1Pf:Rlillti~St/u cr..<,_.(.)-a~ "Central Concrete, at every turn, was ready to take on the uncompromising demands presented by the Bay Bridge Project," said Greg Allen, project manager for MCM Construction, one of the lead contractors on the bridge project. "We selected Central Concrete for their deep technical expertise, outstanding problem-solving skills, and ability to deliver the highly engineered mixes required for this job. At the same time, they offered the broad and deep resources necessary for this enormous project, while running their business with the personal care seldom found in large companies." "Central Concrete is uniquely capable to develop and produce high performance and highly sustainable concrete in the Bay Area," said Tarek Khan, market development manager, for BASF Construction Chemicals, Admixtures Systems. "Central Concrete's technical team, research laboratory, production capabilities, and their management's focus on innovative, sustainable concrete have put them in a class · by themselves to meet technical and operational challenges like the Bay Bridge project." Three-Day Demolition and Roll-in, Labor Day Weekend 2007 Labor Day weekend 2007, crew members began a campaign dubbed by C.C. Myers, Inc., the lead contractor for this project, as "We rocked, it rolled." Following closure of the bridge at 8:49 on Friday night, team members removed a football field-size section--348 feet long by 75 feet wide--of the San Francisco Bay Bridge deck on Verba Buena Island, rolling in a pre-constructed replacement span and placing the replacement concrete. Within 49 hours, each of the 48 deck and beam sections, weighing an average of 85 tons, was hoisted and removed. Crews then began the roll-in of the 6, 700 ton replacement structure built by C.C. Myers, Inc. The new structure was moved into place in just under two hours; the teams quickly installed the joint seals in preparation for the last steps: the concrete placement and finishing. To meet the aggressive schedule, Central Concrete engineered a concrete mix with extremely fast strength gain. Central's ability to deliver a concrete mix that was ready for vehicle traffic within four hours contributed to the team's ability to have the bridge striped and open to traffic at 6:00 p.m. Monday--11 hours ahead of the opening deadline of Tuesday at 5:00 a.m. JJ/STRllUTFD ro: Pf(,'/:~ __ 3 _OF -1 .1/. I HJR CIT)' CSCL Sl'TTER .\/CK.1.lf/E HROW,V .l\'l.l!Al C.\'TR 11cnfJ.\ 11.n cou.ns CITJ'.ITTVY IJ: RI/ODES GETCHELL LIBR. IRY.W.\11.\' UBR.-IR)' REF l/IRTSFl.L D.-1 TE DISTR/Hl'TED c, I ;i4-/ t 3 D.ITEOF.IRT/CLE q I 1'1/13 Designing for the Famous Bay Bridge S-Curve 2005-2008 A key challenge presented to Central Concrete was how to design a concrete mix for the famous Bay Bridge S-curve--a temporary structure, connecting the older eastern span of the Bay Bridge to Verba Buena Island that acted as a detour while teams built a new bridge structure. Working with general contractor C.C. Myers, Inc. and subcontractor Conca, Central Concrete designed a concrete mix that could: (1) be pumped across an extraordinary distance of 2000 feet including 300 feet vertically; (2) achieve very high strength properties; and (3) be easily supported by the steel superstructure. Central Concrete worked with BASF, the leader in developing chemical admixtures for concrete, to design solutions to meet these aggressive requirements. Through leading-edge chemistry and material science expertise, Central and BASF engineered a highly flowable, lightweight concrete that achieved the required compressive strength and other durability requirements. The concrete mixes for this application, along with the other mixes for the Bay Bridge, underwent extensive testing in Central Concrete's Lab and then verified by San Jose State University's Civil Engineering department. "Central Concrete's performance on this complex project was exceptional," said Bob Coupe, project manager for C. C. Myers, Inc. "Their technical and operational capabilities coupled with their dedication to project safety contributed greatly to the success of the project. They were an integral part of the team." Final Deck Section Placed, March 2013 The final deck of the San Francisco-Oakland Bay Bridge's East span was placed on March 9, 2013, creating the finishing section of the Bay Bridge's cast-in-place concrete roadway decks. Beginning at 7:00 a.m. on March 9th, 136 Central Concrete trucks began delivering 1,266 cubic yards for the Oakland Touchdown eastbound roadway. The 1,079-foot section--an area equal to about two city blocks--was placed and finished within nine hours. The completion of the East Span ensured that the westbound and eastbound lanes of the new bridge would open to traffic simultaneously, a key DISTRllUTED TO: P. 1<;E_5/__or_ ~ .ll 1 J'OR C/1T C.\'CI. CITY. I TT.VY Sl'TTER MCK. U//E BROW,V . IS/.l/Al C\TR llcOO.Y 11.D COUJ\S IJ~ RI/ODES GETCl/Ell L/BR. IRLID.l/I.\' LIBRAR}' REF II IRTSELL q' I ?'·.L. I I g C' I ' ( ?. /J-1 TED /STR I 8 l'TED ___ ....___...__ """~~"T"_;_____ DA TE OF. IR T/CLE I L( I :; milestone set for the 2013 Labor Day Opening. To learn more about the March 9, 2013 placement, go to: ABC KGO Video Acknowledgements/Team Members Central Concrete would like to acknowledge these outstanding partners that made this massive undertaking possible: --American Bridge/Fluor JV: --http://www.americanbridge.net --http://www.fluor.com --BASF, http://www.basf-admixtures.com --California Department of Transportation, http://baybridgeinfo.org --San Jose State University Civil Engineering Department --General Contractors: --C.C. Myers, Inc., http://www.ccmyers.com --Conca, http://conconow.com DISTR/lll/ED ID: .l/ 1 J'OR CIT)' C.YCL C/TJ'. I TT.VY \/cD<J."\; 11.D COUJ\S 1'~ RI/ODES Sl'TTER GETCHELL P. I(,'/:' .llCK.Ll/IE BROWS .1.\/.1/·IL C\'fR LI /JR. IRY. ID.I/I.\' LIBR..tRr REF lllRTSFl.L D.lfED/STR/BUTED q/CJ...f;/ f 3 D. I fE OF. I RTICLE_a-4-,_· ~' A_~'~/_/_,_3 __ .YEl~'.\'P.·ll'ER_l_~&'i._r, .:..)CLQAC~ --Flatiron Construction Corp., http://www.flatironcorp.com --Kiewit Infrastructure Group, http://www.kiewit.com --MCM Construction, Inc., general contractor: http://mcmconstructioninc.com --Subcontractors: --Condon Johnson & Associates, Inc., http://www.condon-johnson.com --Murga Strange and Chalmers --Vanguard Construction About Central Concrete Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. /quotes/zigman/3871893/quotes/nls/uscr USCR -1.04%, has been serving the San Francisco Bay Area for more than 60 years. The company is recognized for engineering higher-performing concrete than traditional concrete, while significantly lowering carbon footprints with its low-C02 mixes. Unlike traditional concrete, Central's standard mixes deliver 50% or greater cement replacement materials, thereby significantly reducing the carbon footprint of the project under construction. Central Concrete is recognized for supplying its low-C02 mixes to numerous San Francisco Bay Area signature projects, including the Cathedral of Christ the Light Church, Oakland; California Academy of Sciences, San Francisco -the world's greenest museum; NASA Ames Sustainability Base, Mountain View -the greenest federal building in the U.S.; David and Lucile Packard Foundation, Los Altos -largest net-zero private office building in Calif.; the San Francisco Public Utilities Commission (SFPUC) headquarters -San Francisco's greenest office building; and the new Santa Clara 49er Stadium. OISTRl/IlTED rv: P. IGE __ le OF __ J .I/. f J'UR CIT}' C.\'Cl C/TJ' .-t TT.VY SUTTER .llCK Ul/f.: BROJV,'V A.Vl.l/. ll C\'fR I ID ('<Jlll\S W RllO/JES GETCHELL l/BR.IRJ'.ID.l/1.\' LIBR.IRrREF 11.IRTSFH I cDO.V. I . -. . . · - DITEL)fSTRIBl'TED q /J.Lf {I 3 DATEOF.IRTICLE q 14 ( 13 .\'EWSPll'ERLLflCVSLJ.J ---'-'-'~_,___,____ C ,;c·c_;..2 i'--C With 12 locations in the San Francisco Bay Area, Central Concrete offers multiple points of service to meet the diverse operational needs of its customers. For more information, visit www.centralconcrete.com. About U.S. Concrete U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, U.S. Concrete produced approximately 4.8 million cubic yards of ready-mixed concrete and approxffna~tely 3,3 million tons ef aggregates. For more information on U.S. Concrete, visit www.us- concrete.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various forward-looking statements and information that are based on management's belief, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as ofthe date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the stability of the business; encouraging nature of second quarter volume and pricing increases; ready-mix backlog; ability to maintain our cost structure and the improvements achieved during our restructuring and monitor fixed costs; ability to maximize liquidity, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from Dl.'ffR/Rl lED TO: p f(,F I OF ~1 .I/. I J'<JR CIT}' C.\'CL CIT}'. t TTVY Sl'TTER .HCKl.l/JE BROW.V . l.V/.l/. IL C.YTR \/dJOY 11.D COU/.\S IJ: RI/ODES (ifJCl/ELL LIBR IRLllJ.111.\' UBR.-IRr REF II IRTSfJI. D.-1 ff DJSTR/BlTED q I ?/.J.. { 1 3 c I / L' n D.JTE OF. IRTICLE -/ { .J...i I 3 .\EIJSP IPl:R __ ~C~f..) G( \ ( c}c-LL "ttl\ ~ those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent Quarterly Reports on Form 10-Q. IJISTR/HlTED ro: P. IGE I OF 5 .II. I roR OTr C.\'CL CJTJ'. t TTVY SUTTER JICK. l.l/JE BROJV,'\I . l.\'J.lf.·ll C\TR .llc/JO.Y 11.D COUJ\"S H'. Rl/OJ>ES GETCllELL ll/JR. IRLID.ll/.V 1.1/JR.-IRt" REF /l IRTSEU. D.-ITE DISTRIBUTED q I ~4 /1 3 D.lTEOF.IRTICLE 9/f J / {8 SEJJSP.IPl:Rili. & ~0- press release Sept. 17, 2013, 6:00 a.m. EDT U.S. Concrete's San Francisco Bay Area Operating Company Reduces Traffic and Neighborhood Impact for Sunnyvale's Moffett Park and San Francisco's Presidio Parkway Projects EULESS, Texas, Sep 17, 2013 (GLOBE NEWSWIRE via COMTEX) --Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. /quotes/zigman/3871893/quotes/nls/uscr USCR -0.20%, and the leader in delivering low-C02 concrete to the San Francisco Bay Area, is successfully reducing traffic and neighborhood impact, while delivering concrete to two Bay Area projects --Sunnyvale's Moffett Park Building 6 in Sunnyvale and San Francisco's Presidio Parkway. Moffett Park Building 6, Sunnyvale, CA Central Concrete has been supplying concrete for the various Moffett Park construction projects for the past year. These iconic buildings, acting as a gateway to Silicon Valley, are bringing together best practices in architecture and construction and are targeted to receive LEED Gold Certification. Most recently, Central Concrete has been working on the 200,000-square-foot Class A Moffett Park Building 6, part of the Technology Corners at Moffett Park, which was leased to Google in 2011. In May 2013, Central Concrete pursued one of its most aggressive challenges to date --an extensive, continuous pour for the mat-slab foundation. This translated into twice delivering 9,000 cubic yards, each over 15 hours. Central Concrete needed to pour an average of 600 cubic yards of concrete an hour, compared to a project average of 150 yards per hour for commercial building pours. Working closely with Level 10 Construction and Jos. J. Albanese, Inc., Central Concrete devised a plan to meet this 300% increase in production, deploying an average of 60 trucks an hour from four local Central Concrete batching facilities. Recognizing the impact the trucks could have on Bay Area traffic, Central Concrete initiated the two pours at midnight, starting on a Friday and concluding early Saturday afternoon. JJ/SJR/HL JED TU: .I/ I J'<JR CIT>' C.\'CL CIT)'. I TT\'Y SlTTER .lll"K.U/IE BROW.'\/ .l:V/Jl.IL C\TR lldJOS 11.D COLI.I.\.\' W. R//Ol>ES GETCHELL Ll/JR.IRJ'.W.111.\' UBR..IRJ'REF lllRTSFU D.ITED/STR/BlTED g /;i<-f I I 3 o.uE oF. •Rna..-0 I r 7 I t 3 .\EllsP 11·,-~ "During my 40 years working in this industry, I would rank this massive production request easily in the top 20 most challenging," said Tom Albanese, business development director for Central Concrete. "This highly choreographed operation took extensive planning and superb teamwork. By initiating pours at midnight, we minimized the impact of our fleet of trucks on the public while meeting all the needs specified by our partners, Level 10 and Jos. J. Albanese." "Central Concrete did a great job for us," said Don Haynes, senior superintendent for Level 10 Construction. "Their attention to detail and ability to work within the highly aggressive project parameters allowed us to tackle this complex, challenging concrete pour with outstanding results." Presidio Parkway Phase II, Public/Private Partnership, San Francisco, CA Currently under construction, San Francisco's Presidio Parkway will replace Doyle Drive. The new parkway, designed to fit within the natural contours of the Presidio of San Francisco and the Golden Gate National Recreation Area, will act as a spectacular regional gateway to these city landmarks. In keeping with its high standards for environmental stewardship and impact, Central Concrete erected an onsite portable plant. This innovative solution has significantly reduced truck travel distances, thereby minimizing Central Concrete's carbon footprint and traffic impacts. Initiating pours on July 12, 2013, and ramping up significantly in the coming months, Central Concrete expects to deliver approximately seven mixes, totaling just over 131,000 cubic yards of concrete. Nearly 90% of Central Concrete's mixes will incorporate at least 50% cement replacement materials. As a result, these low-C02 concrete mixes will significantly reduce the carbon footprint, compared to traditional mixes, delivering an estimated savings of 42.8 million pounds of C02. Lead contractors for the public-private partnership are Flatiron West, Inc., and Kiewit Infrastructure West Co.; subcontractors include Case Pacific Company and Malcolm Drilling Company, Inc. Resources D/SrR/lll'TED TO: P. I GE_~ __ OF _:f .l!IJ'OR C/Tl'C.\'Cl C/TJ'.ITT.VY SlTTER .1/CK. IJf/E BROIV,V . LV/.I/. IL CYfR lfrDO.\'. 11.D COU./.\S H: RI/ODES GETCl/Ell l/BR.IRJ'.f/Jll/.V UBR.IRl' REF 11.IRTSf."U. /J 'TE Of". IRTJCLE 91 t 1 L I 3 .\EWSP ,,.,.~~ D.-1 TE D/STR/Bl1ED q Id Lf /I B --Contact Anne Banta, Central Concrete, at anne@banta.org for images. Image options can be viewed at: --http://centralconcrete.com/projects/featured-projects/moffett-park-building-6/ --http:// ce ntra lco ncrete. co ml projects/featured-projects/pres id io-pa rkwa y-phase-i i/ --Additional Moffett Park images can be viewed by visiting Level lO's Facebook page: https://www.facebook.com/LevellOGC/ photos __ a I bums --Jos. J. Albanese, Inc.: http://www.jjalbanese.com --Level 10 Construction: www.levellOgc.com --Flatiron: http://www.flatironcorp.com --Kiewit: http://www.kiewit.com --Case Pacific: http://www.casepacific.com --Malcolm: http://www.malcolmdrilling.com About Central Concrete Central Concrete Supply Co., Inc., a business unit of U.S. Concrete, Inc. /quotes/zigman/3871893/quotes/nls/uscr USCR -0.20%, has been serving the San Francisco Bay Area f)/SfRllU'TED ro: P f(,/:~ __ Y.__oF 5 nrr csc1. Sl'TTER .\/CK. IJl/E BROW.\' . l.\'1.\1. ll C.\TR .\I.I J'OR \fr/JO\' 11.D COLI.I.\.\' CITJ'. I TT.VY IJ~ Rl/Of)ES GF.TC//Ell LIHR. IR}'. ID.\//.\' LIBR. IRJ' REF 11 IRTSFU. D.ffEOF.IRTICLE 9117 //3 .\'EIJSPll'f.'R~-~ D. -I TED /STR I H l'TE D_q_· _:./_a--'---lf--'/'--1_3 __ for more than 60 years. The company is recognized for engineering higher-performing concrete than traditional concrete while significantly lowering carbon footprints with its low-C02 mixes. Unlike traditional concrete, Central Concrete's standard mixes deliver 50% or greater cement replacement materials, thereby significantly reducing the carbon footprint of the project under construction. Central Concrete is recognized for supplying its low-C02 mixes to numerous San Francisco Bay Area signature projects, including the Cathedral of Christ the Light Church, Oakland; California Academy of Sciences, San Francisco (world's greenest museum); NASA Ames Sustainability Base, Mountain View (greenest federal building in the U.S.); David and Lucile Packard Foundation, Los Altos (largest net-zero private office building in Calif.); the San Francisco Public Utilities Commission headquarters (San Francisco's greenest office building); the new Santa Clara San Francisco 49ers stadium, and the San Francisco-Oakland Bay Bridge. With 12 locations in the San Francisco Bay Area, Central Concrete offers multiple points of service to meet the diverse operational needs of its customers. For more information, visit www.centralconcrete.com. About U.S. Concrete U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 105 fixed and 10 portable ready-mixed concrete plants and seven producing aggregates facilities. During 2012, U.S. Concrete produced approximately 4.8 million cubic yards of ready-mixed concrete and approximately 3.3 million tons of aggregates. For more information on U.S. Concrete, visit www.us- concrete.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This press release contains various forward-looking statements and information that are based on management's belief, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements regarding: the stability of the business; ready-mix backlog; ability to maintain our cost structure and the improvements achieved qo.u~ DISTR/Hl'TED ro: .\/. IJ'OH OTr C.\'Cl CIT}'. ITT.VY SUTTER .HCK, Uf/£ HROJV,V . l.\'/J/..tl CSfR .HcDO.V. ILD COU/.\S w. RllOl>ES GETCllELL LI/JR. IRY,ID.\/I.\' U/JR. IRr REF // IRTSf."/_l. Q. D.-ITE D!STRIHCTED __ g,L-L-r_;;;J):;._4--'--+-!~1_3_ D.tTEOF.•RTIClE q 111 r (a SEllSP.11·n~ during our restructuring and monitor fixed costs; ability to maximize liquidity, manage variable costs, control capital spending and monitor working capital usage; and the adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions; the level of activity in the construction industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of acquired companies; development of adequate management infrastructure; departure of key personnel; access to labor; union disruption; competitive factors; government regulations; exposure to environmental and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; and general risks related to the industry and markets in which U.S. Concrete operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent Quarterly Reports on Form 10-Q.