{"id":380911,"date":"2020-11-13T09:33:28","date_gmt":"2020-11-13T14:33:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380911"},"modified":"2020-11-13T09:33:28","modified_gmt":"2020-11-13T14:33:28","slug":"cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/","title":{"rendered":"CAVU Resources&#8217; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHARLOTTE, N.C.<\/span>, <span class=\"xn-chron\">Nov. 13, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<a target=\"_blank\" href=\"http:\/\/www.advfn.com\/common\/ct\/c\/626662.c.eyJtIjoiNjU5MDciLCJsIjo5NTksInYiOjE2LCJuIjoiVVMiLCJlIjoidGlmZmFueXNAYWR2Zm5wbGMuY29tIiwidHMiOjE2MDUxOTE0NjB9\" rel=\"nofollow noopener noreferrer\">CAVU Resources, Inc.<\/a> (OTC: CAVR),\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders closed,\u00a0last week,\u00a0on its previously announced contract with <a target=\"_blank\" href=\"https:\/\/www.advfn.com\/common\/ct\/c\/626663.c.eyJtIjoiNjU5MDciLCJsIjo5NTksInYiOjE2LCJuIjoiVVMiLCJlIjoidGlmZmFueXNAYWR2Zm5wbGMuY29tIiwidHMiOjE2MDUxOTE0NjB9\" rel=\"nofollow noopener noreferrer\">Toll Brothers<\/a> (NYSE: TOL) for <span class=\"xn-money\">$5,588,000<\/span>.\u00a0Revenue is currently up 475% quarter-over-quarter, which shatters both the company&#8217;s previous quarterly and annual revenue records with 8 weeks still remaining in Q4 FY20.<\/p>\n<p>&#8220;Faced with the many challenges 2020 has thrown at us,\u00a0I could not be\u00a0prouder\u00a0of our team for completing this Toll Brothers\u00a0project,&#8221; stated Sinacori Builders President, <span class=\"xn-person\">Russell Sinacori<\/span>. &#8220;In addition, this closing\u00a0marks\u00a0a\u00a0historic\u00a0milestone for CAVU Resources,\u00a0as it represents the\u00a0largest revenue-producing transaction the company has\u00a0ever produced. Momentum is on our side\u00a0and with some other exciting things in store, Q4 FY20 will be a game changer.&#8221;<\/p>\n<p>\n        <b>Sinacori\u00a0Builders\u00a0Update<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>In Q4 FY20, Sinacori Builders listed 6 custom properties in desirable <span class=\"xn-location\">South Charlotte NC<\/span>: 5 townhomes (MLS #3628803) for <span class=\"xn-money\">$600,000.00<\/span> each and 1 single-family home for <span class=\"xn-money\">$850,000.00<\/span> (MLS #3591404). All are expected to close no later than the first quarter of 2021, which will add an additional <span class=\"xn-money\">$3,850,000.00<\/span> in gross revenue. <\/li>\n<li>Sinacori Builders has also sold the 2 remaining custom townhomes (<span class=\"xn-money\">$463,000.00<\/span> and <span class=\"xn-money\">$550,000.00<\/span>) in its <span class=\"xn-person\">Rea Court<\/span> subdivision, totaling <span class=\"xn-money\">$1,013,000.00<\/span>. Both transactions are scheduled to close in Q4 FY20. <\/li>\n<li>In <span class=\"xn-chron\">September 2020<\/span>, Sinacori Builders acquired a new development opportunity, 16 lots in <span class=\"xn-location\">South Charlotte<\/span>, for <span class=\"xn-money\">$2,200,000.00<\/span>. Sinacori Builders is developing these lots for JP Orleans for <span class=\"xn-money\">$3,896,000.00<\/span> with a deposit of <span class=\"xn-money\">$2,645,008.00<\/span> due <span class=\"xn-chron\">mid-December 2020<\/span>. Lots will be completed in the first quarter of 2021. <\/li>\n<li>Work on a previously announced <span class=\"xn-money\">$4,472,000<\/span> contract with TRI Pointe Homes (NYSE: TPH) is on-going and the deal is scheduled to close in the first quarter of 2021.<\/li>\n<\/ul>\n<p>CAVU Resources CEO <span class=\"xn-person\">Bob Silver<\/span> commented, &#8220;Russ and our team did a great job.\u00a0 No matter what\u00a0objective\u00a0we faced, our\u00a0tenacity, integrity and hard work paid\u00a0off.\u00a0We are a company that only\u00a0believes in\u00a0winning.\u00a0 I love the culture\u00a0that\u00a0we have created\u00a0at\u00a0CAVUResources.\u00a0 As we\u00a0set\u00a0CAVR\u00a0historical\u00a0revenue\u00a0records, we all know that this is just the beginning and that there is much more work to\u00a0be done. We are prepared, readied and up for the task.\u00a0 We know where we are heading and are beyond excited about our future.&#8221;<\/p>\n<p>\n        <b>About Toll Brothers, Inc.\u00a0<\/b>\n      <\/p>\n<p>Toll Brothers, Inc., A FORTUNE 500 Company, is the nation&#8217;s leading builder of luxury homes. The Company began business over fifty years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol &#8220;TOL.&#8221; The Company\u00a0serves\u00a0first time, move-up, empty-nester, active-adult, affordable luxury and second-home buyers, as well as urban and suburban renters. It\u00a0currently\u00a0operates in 24 states.<\/p>\n<p>In 2020, Toll Brothers was named World&#8217;s Most Admired Home Building Company in Fortune magazine&#8217;s survey of the World&#8217;s Most Admired Companies\u00ae, the sixth year in a row it has been so honored. Toll Brothers has won numerous other awards, including Builder of the Year from both Professional Builder magazine and Builder magazine, the first two-time recipient from Builder magazine. For more information visit\u00a0<u><a target=\"_blank\" href=\"https:\/\/www.tollbrothers.com\/\" rel=\"nofollow noopener noreferrer\">www.TollBrothers.com<\/a><\/u>.<\/p>\n<p>\n        <b>About\u00a0Sinacori Builders<\/b>\n      <\/p>\n<p>Sinacori Builders,\u00a0a\u00a0CAVU\u00a0Resources\u00a0company,\u00a0is a technology-driven real estate company with more than <span class=\"xn-money\">14 million dollars<\/span> in assets and over <span class=\"xn-money\">10 million dollars<\/span> in secured contracts\/closings in 2020. This\u00a0wholly-owned\u00a0CAVU subsidiary has a strong foothold in <span class=\"xn-location\">Charlotte, North Carolina<\/span>, and is expanding its footprint throughout the Southeast. The Company plans on growing its brand and enhancing shareholder value by leveraging its connections with the country&#8217;s top builders to become a national player.\u00a0To learn more, visit\u00a0<u><a target=\"_blank\" href=\"https:\/\/www.sinacoribuilders.com\/\" rel=\"nofollow noopener noreferrer\">www.sinacoribuilders.com<\/a><\/u><\/p>\n<p>\n        <b>About\u00a0CAVU\u00a0Resources Inc.<\/b>\n      <\/p>\n<p>CAVU\u00a0Resources Inc. is a synergistic suite of technology driven companies that create a lifestyle brand targeting the Millennial \/ Gen Z demographic to support how they live, learn, socialize, and stay healthy.\u00a0To learn\u00a0more, visit\u00a0<u><a target=\"_blank\" href=\"https:\/\/cavuresource.com\/\" rel=\"nofollow noopener noreferrer\">www.cavuresource.com<\/a><\/u><\/p>\n<p>\n        <b>Forward-Looking Statements:<br \/><\/b>Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other thing, statements regarding the offering, the expected gross proceeds, the expected use of proceeds and the expected closing of the offering. Any forward-looking statements contained herein are based on current expectations and are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company&#8217;s ability to develop, market and sell its products; the expected benefits and efficacy of the Company&#8217;s products; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and, the Company&#8217;s business, research, product development, marketing and distribution plans and strategies.<\/p>\n<p>\n        <b>Company Contact:<\/p>\n<p><\/b><br \/>\n        <span class=\"xn-person\">Bob Silver<\/span><br \/>\n        <br \/>Email:\u00a0<a target=\"_blank\" href=\"mailto:info@kushAmerica.com\" rel=\"nofollow noopener noreferrer\">info@kushAmerica.com<\/a><br \/>704-564-2372<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN90705&amp;sd=2020-11-13\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-301172614.html\">http:\/\/www.prnewswire.com\/news-releases\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-301172614.html<\/a><\/p>\n<p>SOURCE  CAVU Resources Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN90705&amp;Transmission_Id=202011130930PR_NEWS_USPR_____LN90705&amp;DateId=20201113\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHARLOTTE, N.C., Nov. 13, 2020 \/PRNewswire\/ &#8212;\u00a0CAVU Resources, Inc. (OTC: CAVR),\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders closed,\u00a0last week,\u00a0on its previously announced contract with Toll Brothers (NYSE: TOL) for $5,588,000.\u00a0Revenue is currently up 475% quarter-over-quarter, which shatters both the company&#8217;s previous quarterly and annual revenue records with 8 weeks still remaining in Q4 FY20. &#8220;Faced with the many challenges 2020 has thrown at us,\u00a0I could not be\u00a0prouder\u00a0of our team for completing this Toll Brothers\u00a0project,&#8221; stated Sinacori Builders President, Russell Sinacori. &#8220;In addition, this closing\u00a0marks\u00a0a\u00a0historic\u00a0milestone for CAVU Resources,\u00a0as it represents the\u00a0largest revenue-producing transaction the company has\u00a0ever produced. Momentum is on our side\u00a0and with some other exciting things in store, Q4 FY20 will be a game changer.&#8221; Sinacori\u00a0Builders\u00a0Update In Q4 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CAVU Resources&#8217; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380911","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CAVU Resources&#039; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAVU Resources&#039; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHARLOTTE, N.C., Nov. 13, 2020 \/PRNewswire\/ &#8212;\u00a0CAVU Resources, Inc. (OTC: CAVR),\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders closed,\u00a0last week,\u00a0on its previously announced contract with Toll Brothers (NYSE: TOL) for $5,588,000.\u00a0Revenue is currently up 475% quarter-over-quarter, which shatters both the company&#8217;s previous quarterly and annual revenue records with 8 weeks still remaining in Q4 FY20. &#8220;Faced with the many challenges 2020 has thrown at us,\u00a0I could not be\u00a0prouder\u00a0of our team for completing this Toll Brothers\u00a0project,&#8221; stated Sinacori Builders President, Russell Sinacori. &#8220;In addition, this closing\u00a0marks\u00a0a\u00a0historic\u00a0milestone for CAVU Resources,\u00a0as it represents the\u00a0largest revenue-producing transaction the company has\u00a0ever produced. Momentum is on our side\u00a0and with some other exciting things in store, Q4 FY20 will be a game changer.&#8221; Sinacori\u00a0Builders\u00a0Update In Q4 &hellip; Continue reading &quot;CAVU Resources&#8217; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-13T14:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN90705&amp;sd=2020-11-13\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CAVU Resources&#8217; 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(OTC: CAVR),\u00a0today announced that its\u00a0wholly owned\u00a0subsidiary Sinacori Builders closed,\u00a0last week,\u00a0on its previously announced contract with Toll Brothers (NYSE: TOL) for $5,588,000.\u00a0Revenue is currently up 475% quarter-over-quarter, which shatters both the company&#8217;s previous quarterly and annual revenue records with 8 weeks still remaining in Q4 FY20. &#8220;Faced with the many challenges 2020 has thrown at us,\u00a0I could not be\u00a0prouder\u00a0of our team for completing this Toll Brothers\u00a0project,&#8221; stated Sinacori Builders President, Russell Sinacori. &#8220;In addition, this closing\u00a0marks\u00a0a\u00a0historic\u00a0milestone for CAVU Resources,\u00a0as it represents the\u00a0largest revenue-producing transaction the company has\u00a0ever produced. Momentum is on our side\u00a0and with some other exciting things in store, Q4 FY20 will be a game changer.&#8221; Sinacori\u00a0Builders\u00a0Update In Q4 &hellip; Continue reading \"CAVU Resources&#8217; Sinacori Builders Closes $5.59 Million Dollar Toll Brothers Deal and Provides Additional Updates\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-13T14:33:28+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN90705&amp;sd=2020-11-13","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cavu-resources-sinacori-builders-closes-5-59-million-dollar-toll-brothers-deal-and-provides-additional-updates-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CAVU Resources&#8217; 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