Monday, September 30, 2013

Global Links Corp. (GLCO) Launches Affordable Housing Initiative through Agreement with the Government of Sierra Leone

Today, Global Links announced that it has signed an agreement with the Government of the Sierra Leone. The country has agreed to host the manufacturing and distribution of Global Link’s “Butterfly House” factory-built homes. This agreement is exciting news for the company, as it marks the launch of its initiative to provide affordable, quality housing to underdeveloped countries.

Frank Dobrucki, Global Link’s CEO, remarked, “This agreement is an extremely positive development for Global Links and its shareholders and we could not be more excited to begin providing safe, affordable housing to those in need around the world. I would like to commend the government of Sierra Leone as their nation will now serve as a shining example of how our factory-built homes will significantly enhance the quality of life of its citizens while stimulating the local economy.”

“With the tremendous positive impact our housing project will have in Sierra Leone, we expect several more nations to join our initiative in the near future. Our mission is to help end poverty in one generation by providing people in underdeveloped countries with a quality home to serve as a solid foundation for an education, proper nutrition and medical care due to a better sense of safety and well-being,” he continued.

According to the agreement, Global Links will construct a state-of-the-art factory in Sierra Leone that will mass-produce its homes, providing local jobs while reducing supply line costs. The factory is expected to be ready for full-scale production in nine months. The company expects to initially produce 25 homes a week, hopes to reach full capacity of 75 homes a week as time goes on.

Based on these production rates, Global Links projects that the Sierra Leone facility will generate monthly revenue of between $200,000 and $600,000. The project will be financed in part by HFC Mortgage and Savings (SL) PLC in its initial phase.

For more information on the Sierra Leone agreement and Global Link’s commitment to providing affordable housing to people around the world, please visit www.globallinkscorp.com.

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