Retired Admiral Edmund P. Giambastiani Jr., Joins SG Blocks, Inc. as a Senior Advisor
Senior retired U.S. Military official sees widespread application for the SG Blocks Sustainable Building System
Life in a Shipping Container – SG Blocks featured in Fortune Magazine
November 10, 2011 – SG Blocks, Inc. featured in Fortune Magazine on CNNMoney.com.
It may be the ultimate recycling project: taking retired shipping containers and repurposing them as buildings. SG Blocks thinks it can make the proposition into big business.
SG Blocks, Inc. and CDSI Holdings Inc. Complete Merger
SG Blocks, Inc. Becomes a Publicly Traded Company
Nov. 4, 2011– SG Blocks, Inc. announced today that it completed the previously announced merger with CDSI Merger Sub, Inc. See the complete story via the link below.
Chairman and CEO Paul Galvin honored with Outstanding Business Leadership Award
On Thursday October 13th, 2011 SG Blocks Chairman and CEO Paul Galvin was honored by The Council of Churches of the City of New York for his work at SG Blocks, as well as his previous endeavors. At the annual Award and Recognition Banquet, which honors clergy and lay leaders of the City of New York who have shown exceptional leadership skills and outstanding services, he received the Outstanding Business Leadership Award.
What a Crate Idea; Hamptons home evokes shipping past
SG Blocks has recently been featured in the New York Post for its delivery of a high-end 2,000 square foot, $1.5 million luxury home.
SG Blocks, Inc. and CDSI Holdings Inc. Enter Into Definitive Merger Agreement
New York, NY and Miami, FL – July 28, 2011 – SG Blocks, Inc. (“SG Blocks”), a New York, NY- based provider of code engineered cargo shipping containers modified for use in safe and green construction, and CDSI Holdings Inc. – (OTC BB: CDSI.OB) (“CDSI”), a Miami, FL-based shell company, announced today that they, together with CDSI Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of CDSI (“Merger Sub”), and certain stockholders of SG Blocks (“Signing Stockholders”) have entered into a definitive Merger Agreement and Plan of Reorganization (the “Merger Agreement”).
In accordance with the Merger Agreement, at the closing, Merger Sub will be merged with and into SG Blocks with SG Blocks becoming a wholly-owned subsidiary of CDSI and the current stockholders and warrant holders of SG Blocks will be issued shares, and warrants to purchase shares, of CDSI common stock such that they will beneficially own 91% of CDSI’s common stock post-merger, and CDSI’s current stockholders will own 8% of CDSI’s common stock post-merger. Ladenburg Thalmann & Co. Inc. will receive in the merger 1% of CDSI common stock pursuant to contractual obligations between SG Blocks and Ladenburg Thalmann & Co.
Consummation of the transactions contemplated by the Merger Agreement remain subject to, among other conditions, SG Blocks obtaining the requisite approval from its stockholders. In connection with the execution of the Merger Agreement, holders of approximately 30% of the SG Blocks stockholders have already consented to the transaction. If approved, the merger is expected to be consummated in August or September 2011, after the fulfillment of certain other conditions set forth in the Merger Agreement.
Following the merger, CDSI will be re-named “SG Blocks, Inc.” and its common stock will continue to be traded under the symbol “CDSI.OB” until a new symbol that reflects the new name is secured. As wholly-owned subsidiary of CDSI, SG Blocks will be renamed “SG Building Blocks, Inc.”
“We believe that by becoming a publicly-traded company, it will help us gain access to the capital markets that we need to more aggressively grow our business. We will continue to provide innovative and green solutions for our customers through our economical alternative to conventional construction methods,” said Paul Galvin, CEO of SG Blocks.
Following the closing, CDSI’s executive officers will be the same as SG Blocks’ – Paul Galvin, as CEO; Stevan Armstrong, as President and COO; Brian Wasserman, as CFO; and Jennifer Strumingher as Chief Administrative Officer – and its Board will consist of seven directors – Paul Galvin (Chairman), Joseph Tacopina, Stevan Armstrong, J. Scott Magrane, Claudia Walters, Richard J. Lampen and J. Bryant Kirkland III.
About SG Blocks
Since its inception in 2007, SG Blocks has advanced and promoted the use of code engineered cargo shipping containers in safe and “green” construction and developed and implemented the technology to break away from standardized container-construction while maintaining reduced costs. Offering a product that typically exceeds many building code requirements, SG Blocks seeks to enable developers, architects, builders and owners to achieve greener construction, faster execution and stronger buildings of higher value.
About CDSI
CDSI is a shell company incorporated in Delaware in December 1993.
Contact
SG Blocks, Inc.
Paul Galvin, CEO
Phone: (646) 747-2424
CDSI Holdings Inc.
Sard Verbinnen & Co: Paul Caminiti / Carrie Bloom / Jonathan Doorley
Phone: (212) 687-8080
SG Blocks used to create ultra-modern cabin in Santa Cruz, CA
A single family home created out of SG Blocks makes waves in California for its innovative approach to a couple’s two-story family retreat. The first home of its kind in Santa Cruz County, the repurposed shipping containers arrived and were set in place in under one day.
NY POST: Eco-Friendly Luxury House on Long Island’s East End
SG Blocks’ Paul Galvin and developer Andrew Anderson (a Prudential Douglas Elliman broker) are planning an Eco-Friendly Luxury House in Amagansett this summer. In addition, Anderson says they’re planning to add counters made out of recycled paper, Forest Stewardship Council-certified flooring and an energy-efficient heating and cooling system.
Today’s NY POST features an article that explains more. Read the full story at the link below:
Ship Ship Hooray: A new kind of sustainable house is on its way to the East End
Building With Repurposed Shipping Containers Is Good For The Environment And Pocketbooks
The Mark News published an editorial by Paul Galvin Chairman and CEO of SG Blocks:
Building with repurposed, durable shipping containers known as SG Blocks is good for both the environment and our pocketbooks.
The good intentions of “going green” are often thwarted by the high price tag that can accompany social consciousness in the building market. Without a clear understanding or definition, sustainable building can feel daunting and too cost prohibitive to embrace. There is, however, a tried and true alternative that is rising in prominence: repurposed shipping containers known as SG Blocks.
SGBlocks’ CEO Paul Galvin on CNN
SGBlocks’ CEO Paul Galvin on CNN: SG Blocks offers homes manufactured from storage containers. Now they’re offering products on multiple continents.
