Concrete Leveling Systems Inc (CLEV)

A. Company Overview

Concrete Leveling Systems Inc. (CLS) was incorporated on August 28, 2007, in the State of Nevada. The company is primarily operational in Ohio, where it conducts business under the trade name CLS Fabricating, Inc. The principal offices of the company are situated at 5046 East Boulevard Northwest, Canton, Ohio 44718.

In March 2017, CLS engaged in an Equity Purchase Agreement for the acquisition of Jericho Associates, Inc., a company that operates in the gaming, hospitality, and entertainment sectors. This transaction involved the issuance of 7,151,416 shares of common stock, which were conditionally issued to Jericho's shareholders. A later issuance of an additional 481,000 shares occurred in July 2017 under similar contingencies. The agreement included performance clauses requiring Jericho's management to identify business opportunities to supplement the operations of CLS by specified deadlines.

As of April 2023, CLS has never declared bankruptcy, has not been involved in receivership or legal proceedings, indicating a stable operational history.

B. Principal Services

CLS operates two principal business divisions, with a concrete leveling division and a gaming and hospitality division being the focus areas.

Concrete Leveling Division

The concrete leveling division actively fabricates and markets a specialized concrete leveling service unit. This equipment is designed to be mounted onto the back of a truck, featuring a mixing apparatus to combine lime with water and a pumping mechanism capable of delivering this mixture under pressure into pre-drilled holes. This process enables the precise lifting of flat concrete surfaces, providing essential services in the construction and renovation sectors.

Gaming and Hospitality Division

Should the acquisition of Jericho successfully finalize, CLS's gaming and hospitality division will target the casino gaming and hospitality industries, particularly focusing on opportunities within both tribal and commercial casino markets in California and Nevada. This division is also poised to explore advancements in casino gaming technology. CLS is pursuing partnerships, joint ventures, or acquisitions with companies aiming to bridge traditional casino gaming, innovative video game mechanics, and social gaming elements that feature player-versus-player competition.

C. Organization

As of October 29, 2025, CLS operates as the parent company, while Jericho is anticipated to become a wholly-owned subsidiary upon the closing of the acquisition. This organizational structure reflects CLS’s dual focus, leveraging both its concrete leveling capabilities and its expansion into the gaming and hospitality sectors.

D. Strategy

CLS's business model is strategically structured to cultivate partnerships within the casino and hospitality industries, thus paving the way for potential growth in constructing physical structures requiring concrete leveling services. The integration of services positions CLS to exploit synergies between its two divisions, enhancing overall operational efficiency and potential market reach.

E. Backlog

As of July 31, 2025, CLS reported having no backlog, indicating a streamlined operational status or a need for immediate project engagement within its sectors.

F. Employees

As of July 31, 2025, CLS reported a workforce comprising zero full-time or part-time employees, suggesting a lean operational structure that may rely on external contractors or partnerships to fulfill project requirements.

G. Proprietary Information

CLS does not possess any proprietary information as of the reporting date, which may reflect a focus on service provision rather than product development within its operating divisions.

H. Government Regulation

Currently, CLS is not subject to significant governmental regulations. However, involvement in the casino gaming and hospitality sectors could potentially subject the company to various federal and state regulations. CLS aims to adhere to all applicable regulations and recognizes the importance of compliance should it engage more deeply in these industries.