Befut Global, Inc
Befut Global Inc (BFTI) has refocused its primary mission as a developer of income producing real estate. This includes housing built for sale, hotels, and rental commercial and housing properties. Befut has executed a number of joint venture agreements including an agreement with the land owners to develop a total of approximately 400 acres of land in the Dominican Republic .The JV agreement allows BEFUT to hypothecate the land to help secure the construction funding.
The company expects to make an acquisition in related specialties of construction services, including but not limited to general construction companies, heavy and highway companies, solar installation companies and any other acquisition which would provide additional capacity and revenues and addition income in order to build out the project and make the goals of being listed on a major exchange
Befut (BFTI) primary SIC code is 1522 and NAICS code is 236220. The current core business is commercial construction, and the acquisition of operating companies, improvement of their operations and revenues and increase the net income.
Befut will incorporate total green LEED technology in all its projects. Every project will feature solar power or wind as site conditions permit , The housing projects are planned with roof mounted solar and battery backup as standard equipment. The use of distributed Blockchain ledger technology would enable it to reduce waste and fraud in the energy installations and power management .
BEFUT (BFTI) will continue to seek out and make strategic acquisitions of domestic and international technology businesses and intellectual property assets to further leverage its market presence. The Board of Directors of BEFUT (BFTI) is currently in advanced stage discussions with many operating construction companies. BEFUT (BFTI) hopes to close on the target companies in 2018 and will make further announcements at the appropriate time.
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