Concrete Leveling Sys Stock Price, News & Analysis
Company Description
Concrete Leveling Systems, Inc. (CLEV) is a Nevada corporation in the industrials sector, classified under the farm and heavy construction machinery industry. According to its public disclosures and corporate updates, the company has expanded its focus beyond its historical roots and now includes a hospitality and gaming division operated through Jericho Associates Inc.
Jericho Associates Inc. ("Jericho") is described as the company’s hospitality and gaming division. Jericho is a Nevada corporation formed as a special purpose company focusing on the casino gaming, hospitality, entertainment, and leisure time industries. In March 2017, Jericho entered into an agreement with Concrete Leveling Systems, Inc. under which Jericho became the gaming and hospitality division of the company. This relationship positions Concrete Leveling Systems, Inc. as a holding company with activities connected to casino development and operations through Jericho.
Jericho’s Role Within Concrete Leveling Systems, Inc.
Jericho is characterized in company news as a developer and operator of both commercial and Tribal Government casinos. The company’s statements indicate that Jericho has abilities to provide regulatory, architectural, financing development, and operational assistance to casino gaming projects that it considers viable. This includes involvement in projects that may encompass casinos and related hospitality amenities.
Corporate updates describe Jericho as consisting of a group of casino gaming professionals with extensive experience in financing, development, and operation of casino properties. The company highlights that Jericho’s team has over 100 combined years of experience in casino matters. This experience base is presented as an important part of the company’s strategy to pursue gaming and hospitality opportunities.
Focus on Casino, Hospitality, and Leisure Projects
Concrete Leveling Systems, Inc., through Jericho, has communicated an interest in multiple casino and hospitality projects. Company updates describe Jericho as pursuing commercial gaming projects that may include casinos, full service restaurants, resort-type entertainment, and amenities within resort communities. These contemplated communities are described as potentially including condominiums, homes, golf courses, tennis courts, boating, and water sports, with Jericho responsible for developing and operating the casino and overseeing restaurant and amenity operations.
In addition to commercial projects, Jericho has reported work with Tribal Government casino projects. Company communications refer to Jericho’s activities in regulatory, master planning, environmental, financing, development, and operational aspects of casino projects, particularly in collaboration with Tribal Gaming Solutions (TGS) on select matters. The principals of TGS are described as having worked in the tribal gaming sector since the mid-1990s and serving tribal casino gaming clients in Washington State, Kansas, and California. The company describes this arrangement as advantageous to both TGS and Jericho.
Acquisition and Development Pipeline
Concrete Leveling Systems, Inc. has disclosed that Jericho has identified multiple acquisition and development objectives in the casino and hospitality space. In its corporate updates, the company notes that Jericho has identified two acquisition objectives, including a larger project in California that, based on location, demographics, and anticipated design, is described as having the potential to become a large and highly successful casino. The company reports that this project is in a late stage of governmental regulatory review, which it views as a key step toward advancing its objectives.
Earlier updates also refer to Jericho being in various stages of discussion, due diligence, investigative, and regulatory activity on several opportunities in hospitality, casino gaming, entertainment, and leisure time activities. These projects are described as including a commercial casino and hotel development in Nevada, a large-scale Tribal project in California, and a project involving master planning and expansion of an existing Tribal casino with an accompanying hotel. The company presents these as part of a pipeline that it believes can contribute to shareholder value, while acknowledging that they are subject to regulatory and financing processes.
Collaborations and Advisory Relationships
Concrete Leveling Systems, Inc., through Jericho, has disclosed collaborative relationships intended to support its casino and hospitality activities. The company reports that Jericho consults with Tribal Gaming Solutions on certain casino gaming matters, leveraging TGS’s experience with tribal gaming clients in multiple states. The company also notes that Jericho is utilizing the services of an associate with extensive banking experience to assist with financing for casino development, including development, renovation, remodel, and expansion financing in the casino gaming industry.
These relationships are described as contributing to Jericho’s ability to address regulatory, financing, and development aspects of casino projects. The company’s communications emphasize experience in areas such as land acquisition, environmental review, construction management, internal controls, policies and procedures, and pre- and post-opening operational and marketing strategies, as reflected in the backgrounds of individuals associated with Jericho’s board and leadership.
Regulatory and Reporting Context
Concrete Leveling Systems, Inc. files reports with the U.S. Securities and Exchange Commission (SEC). In a Form 8-K, the company reported that it is incorporated in Nevada and provided its Commission File Number and federal employer identification number. The same filing describes a change in the company’s independent registered public accounting firm, detailing the dismissal of one auditor and the engagement of another to audit the company’s consolidated financial statements for a specified fiscal year. The company stated that the prior auditor’s reports did not contain adverse opinions or disclaimers of opinion and that there were no disagreements on accounting principles or practices as defined in SEC rules.
These disclosures indicate that Concrete Leveling Systems, Inc. maintains public-company reporting obligations and addresses matters such as auditor changes through current reports on Form 8-K. Investors and analysts can use these filings to understand aspects of the company’s governance, financial reporting practices, and auditor relationships.
Business Identity and Sector Alignment
While Concrete Leveling Systems, Inc. is classified in the farm and heavy construction machinery industry within the industrials sector, its more recent public communications highlight a strategic emphasis on casino gaming, hospitality, entertainment, and leisure time activities through Jericho. This creates a profile in which the company’s legal and industry classification coexists with an operational focus on gaming and hospitality projects.
According to the company’s own statements, Jericho is positioned as a specialized division concentrating on both commercial and Tribal casino opportunities, with activities that may include development, operation, consulting, and assistance on regulatory and financing matters. This dual identity—industrial classification and gaming/hospitality operations—defines the context in which investors may evaluate the company.
FAQs About Concrete Leveling Systems, Inc. (CLEV)
- What does Concrete Leveling Systems, Inc. do?
Concrete Leveling Systems, Inc. is a Nevada corporation in the industrials sector. According to its corporate updates, it operates a hospitality and gaming division through Jericho Associates Inc., which focuses on casino gaming, hospitality, entertainment, and leisure time industries. - What is Jericho Associates Inc. in relation to Concrete Leveling Systems, Inc.?
Jericho Associates Inc. is described as the hospitality and gaming division of Concrete Leveling Systems, Inc. In March 2017, Jericho entered into an agreement with Concrete Leveling Systems, Inc. under which it became the company’s gaming and hospitality division. - Which industries does the company’s gaming division focus on?
The company states that Jericho focuses on casino gaming, hospitality, entertainment, and leisure time industries, including both commercial and Tribal Government casino projects. - What types of casino projects does Jericho pursue?
Corporate updates describe Jericho as a developer and operator of commercial and Tribal Government casinos. The company reports that Jericho pursues projects that may include casinos, hotels, restaurants, entertainment areas, and resort-type amenities within larger planned communities. - How does Jericho support casino development projects?
According to company statements, Jericho has abilities to provide regulatory, architectural, financing development, and operational assistance to viable casino gaming projects. It also reports consulting relationships and associates with experience in casino financing and tribal gaming matters. - Does Concrete Leveling Systems, Inc. work with Tribal casinos?
Yes. The company reports that Jericho develops and operates Tribal Government casinos and consults with Tribal Gaming Solutions on certain casino gaming matters. These activities include work in areas such as regulatory, master planning, environmental, financing, development, and operation of tribal casino projects. - What experience does Jericho’s team have in the gaming industry?
Company updates describe Jericho as consisting of casino gaming individuals with over 100 combined years of experience in financing, development, and operation of casino properties. Backgrounds cited include commercial and Tribal gaming roles, development and turnaround projects, and senior-level operational positions. - How does Concrete Leveling Systems, Inc. communicate changes in its auditors?
The company reports changes in its independent registered public accounting firms through current reports on Form 8-K filed with the SEC. In one such filing, it described the dismissal of one auditor and the engagement of another, along with statements regarding the absence of disagreements on accounting principles or practices. - Is Concrete Leveling Systems, Inc. involved in both commercial and Tribal casino projects?
Yes. The company’s disclosures state that Jericho is a developer and operator of both commercial and Tribal Government casinos and that it is involved in projects and opportunities in both categories. - How does the company describe its growth objectives?
Concrete Leveling Systems, Inc. has stated that Jericho is in a position to pursue short and long term growth objectives and that it has a pipeline of projects in hospitality, casino gaming, entertainment, and leisure time activities, which it believes can contribute to shareholder value, subject to regulatory and financing processes.