Scandinavian House Development SA (“Scandinavian House” or the “Company”) has signed an agreement to acquire the unique construction know-how and license rights for low-energy construction with high insulation building modules from Sweden based construction developer Mr. Åke Levén in 2011. Mr. Levén has developed an extraordinary wall, roof, ceiling and floor element construction method that offers the opportunity to design and build ecologically friendly and energy saving buildings at relatively low costs. By this step the Company has commenced its new business area for the design and construction of ecological buildings in various forms and sizes. The acquisition has been completed in June 2012.
Contact:
SCANDINAVIAN HOUSE DEVELOPMENT SA
Route d’Oron 2, 1010 Lausanne, Switzerland
E-Mail: info@scandinavianhouse.net
Internet: www.scandinavianhouse.net
Disclaimer; Forward-Looking Statements:
This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.