About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

Cuentas Acquires Equity in Affordable Housing Project

MIAMI BEACH, FL / ACCESSWIRE / February 3, 2023 / Cuentas, Inc. (NASDAQ: CUEN)(NASDAQ: CUENW) ("Cuentas"), a leading fintech provider of mobile financial app and payment solutions has signed a definitive agreement to acquire an equity position in the first sustainable rental housing project developed in the US using a patented MCFR Mineral Composite Fiber Reinforced Construction Technology that has been approved for hurricane-prone areas as such in Florida.

The $1.195M acquisition cost for the 6% equity stake will be satisfied by the issuance of approx 3.8M common shares, which is equivalent to 19.9% of the outstanding and issued shares of CUEN. The Lakewood Village project is an affordable multi-family real estate development located at 4280 Lakewood Rd in Lake Worth, Palm Beach County, Florida, consisting of 96 apartments that are 2 and 3 bedrooms. Cuentas' investment is guaranteed by the seller as a formal appraisal is pending completion.

Cuentas should be able to book almost $1.2M in equity assuming the property is appraised at $20M but could increase further if the property appraises higher.

"This acquisition should be a game changer for Cuentas as there is a severe shortage of affordable housing in many areas of the US, especially in Florida, and Cuentas is looking to provide solutions for our target demographic, namely unbanked, underbanked and underserviced residents of the US," stated Arik Maimon, Co-founder and CEO of Cuentas. "Sustainability and Affordability are two key elements in today's changing world. We are proud to be a part of this transformation and investing in such projects and companies that utilizes new technologies that have disruptive benefits. Case in point lowering the construction cost of hurricane-rated single and multi-family dwellings in Florida and other hurricane prone areas is a big deal", added Maimon.

"Cuentas will be looking to co-develop additional affordable housing projects under the CuentasCasa brand and be able to integrate its e-commerce and mobile payments infrastructure to further assist potential and actual residents of these projects", stated Co-founder and President, Michael De Prado. "Affordable rental projects will be more necessary as property values increase dramatically in many areas of Florida and working class employees are forced to leave due to skyrocketing rental rates", added De Prado.

About Cuentas

Cuentas, Inc. (Nasdaq: CUEN & CUENW) is a fintech e-finance and e-commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant populations including mobile and financial services, prepaid debit card, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. For more information, visit https://cuentas.com.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "believe," "plan," or "expect" or similar statements are forward-looking statements.

Investor Relations

Cuentas, Inc.
800-611-3622
info@cuentas.com

SOURCE: Cuentas, Inc.



View source version on accesswire.com:
https://www.accesswire.com/737970/Cuentas-Acquires-Equity-in-Affordable-Housing-Project

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.