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Community Redevelopment Announces Phil Sands Appointed as President Effective Immediately

Dec 28, 2023

WASHINGTON, D.C. (Dec. 28, 2023) (ACCESSWIRE) WASHINGTON, DC / ACCESSWIRE / December 28, 2023 / Community Redevelopment Inc ("CRDV") A significant player in the DC metro real estate market, announced today that Mr. Phil Sands will be joining the Executive management team as our Company President. Mr. Sands is a seasoned veteran in the investment community, having served in positions such as CEO, interim CFO, Director and President of both publicly traded companies and private businesses. Mr. Sands, through his professional relationships within the investment community, has guided companies in raising millions of dollars in capital.

Our Chairman & CEO, Richard Balles, stated "I am excited to build CRDV with someone of the caliber of Phil Sands, he is a true professional of the highest quality and we are fortunate to have him as our President".

Mr. Sands initial focus is oversight of the Company's investment agenda to secure needed capital for continued and stable growth. To that end, along with our CEO he will co-manage strategic direction as well as representing our corporate interests with regulatory bodies and SROs such as the SEC, OTC and Nasdaq.

Mr. Sands noted "I am happy and excited to be coming onboard with a solid team of professionals and hope my experience will hasten the company growth that we are planning and anticipate for FY 2024 and beyond." Mr. Sands currently resides with his family in Bellingham, Massachusetts.

 

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ABOUT COMMUNITY REDEVELOPMENT

Community Redevelopment (CRDV) is a publicly traded real estate growth company focused on creating housing for all; with an emphasis on naturally occurring affordable housing (NOAH). Their objective is to develop sustainable communities that thrive by investing in urban neighborhoods and first tier suburbs; they work to acquire, develop, redevelop, or create joint ventures with minority and women-led developers - adding additional properties and growing their portfolio steadily over time. CRDV has a first-class team that brings significant combined experience of over 70 years in real estate development, finance, and technology. Visit communityredevelopment.net.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 10-Q Report filed on August 29th, 2022. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about Community Redevelopment Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.

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