JFB Construction Holdings Executes Contract to Design Build “Prison Island” Franchise in Indianapolis, Ind.
Rhea-AI Summary
JFB Construction Holdings (NASDAQ:JFB) has secured a contract to provide design-build services for a Prison Island franchise location in Indianapolis, Indiana. The project involves constructing a 14,000 square foot indoor adventure center featuring escape room-type experiences.
Prison Island, which currently operates 98 locations across 20 countries but only two in the U.S., has selected JFB Construction as a partner for its U.S. expansion plans. Construction is scheduled to begin in Q4 2025, with the project currently in the design phase.
Positive
- Contract win expands JFB's commercial portfolio and positions company for future Prison Island projects
- Partnership with rapidly expanding international franchise presents growth opportunities
- Project demonstrates company's versatility in handling diverse project types
Negative
- None.
News Market Reaction 8 Alerts
On the day this news was published, JFB declined 1.33%, reflecting a mild negative market reaction. Argus tracked a peak move of +10.8% during that session. Argus tracked a trough of -13.9% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $826K from the company's valuation, bringing the market cap to $61M at that time.
Data tracked by StockTitan Argus on the day of publication.
Project expected to begin construction in Q3 2025
Lantana, Fla., Sept. 11, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a real estate development and construction company focused on hospitality, commercial, industrial, and residential property development, today announced that it has been contracted to provide design-build services for Prison Island, an “escape room” type of adventure located in Indianapolis, Ind. Prison Island is an indoor adventure destination with over 98 locations in four continents and 20 countries.
“This contract is a design build of approx. 14,000 square feet of an indoor adventure center for Prison Island in Indianapolis Ind.,” said CEO Joseph F. Basile, III. “Currently there are only two U.S. locations: Kansas City, Mo. and Houston, Tex. Prison Island is planning to rapidly grow its presence in the U.S. and has chosen JFB Construction to assist in developing the franchise.
“The Prison Island project is another important contract win for our commercial contracting segment of JFB, as we want to continue growing relationships and to be a preferred contractor and partner for Prison Island as the company makes a push for multiple locations throughout the U.S.
“We value the relationship with Prison Island and their confidence in JFB. This particular project again demonstrates our flexibility in being able to meet the varying needs of multiple sectors and client types. We have extensive experience in design build projects, and we believe that our attention to detail and creativity will be evident in the completed location in Indianapolis, Ind. We are currently in the design phase and we plan to commence construction in the fourth quarter of 2025,” concluded Mr. Basile.
About Prison Island
Prison Island is an indoor adventure destination for everyone from 9-99 years old. It’s all about teamwork and collaboration to solve tricky cell challenges and collect points. All while the clock is ticking. The Prisons have between 20 and 48 cells, depending on which location you choose to visit. For more information, please visit: https://prisonisland.com/
About JFB Construction Holdings
JFB Construction Holdings (“JFB”) offers generations of combined experience in residential and commercial construction and development. Having the experience of building Multifamily communities, Shopping Centers, National Franchises, exclusive estate & equestrian homes, and over 2 million square feet of commercial and retail. JFB provides hands-on, professional expertise, which has led to the quality and production we are known for.
JFB’s reputation has been built on its clients' trust and the value it brings to each project.
JFB is proud that most of its projects are obtained through
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements”. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of JFB Construction. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including statements regarding the use of proceeds from the sale of our shares in the Offering; and the uncertainty regarding future commercial success. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in JFB Construction’s prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.
JFB Construction Holdings Contact:
Joseph F. Basile, III
561-582-9840.
joe@jfbconstruction.net
Investor Relations Contact:
CORE IR
Mike Mason
516 222 2560
investors@jfbconstruction.net