JZZ Technologies, Inc., Projects $5.5 Million in Revenue from Planned Regional Real Estate Development in South Carolina

Anderson, South Carolina–(Newsfile Corp. – January 19, 2023) – JZZ Technologies, Inc.’s (OTC Pink: JZZI) (“JZZ” or the “Company”) wholly owned subsidiary Lion Development Corporation (“Lion”) reports that it projects $5.5 million for revenues on regional real estate development projects in South Carolina for the 2023 fiscal year.

The projects being developed by Lion are small to large scale residential and commercial real estate and construction projects. They include the contemplated acquisition of properties in the South Carolina region with build-to-suit, multiple residential units, and other custom solutions such as a multi-unit complex near the popular Clemson University area.

Thomas Hays, President of Lion Development Corporation, states, “We have reached agreements on multiple projects that are well suited to our experience in residential real estate construction. With the support provided by our parent company, JZZ Technologies, Inc., we have been able to reach out to the communities where we have a long history of delivering quality projects and we contemplate immediate results from new projects and increased opportunities for additional projects.”

Charles Cardona, CEO of JZZI, added, “The early success by Lion Development Corporation in putting together these developments is a true indicator of our rapid progress in this area. The Lion projects are being designed to capture revenue through JZZ’s subsidiary and contract partners which is expected to add value to the communities we help develop, while generating maximum profits for the Company. We are looking forward significant growth in this sector over the next year – especially within our target regions for new community growth or heavy migration from other states.”

Management expects results from negotiations and closing on additional properties in the Carolinas and in Florida in preparation of custom construction and/or commercial development of properties in the near term.

About JZZ Technologies, Inc.

JZZ Technologies, Inc. is a diversified company engaged in several business sectors. Its Active Lifestyle Digital media business includes online media and apps (activelifestylemedia.com), content creation, and digital marketing targeted to active adults 55+. Its Active Lifestyle Real Estate Development division is engaged in acquiring, managing, and operating commercial and residential real estate and housing development projects. For more information, please visit jzztechnologies.com.

Press Contacts:
JZZ Technologies, Inc.
Charles Cardona, CEO


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