Profitable Developments, Inc. Outlines Strategy to the Market
(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwired) -- 10/07/13 --
Profitable Developments, Inc. (OTC Pink: PRDL), a Property Development Company, today outlined their Corporate Strategy to the Market in a letter from the Company's President, Carl Grant.
To kick off the Strategy, PRDL's President announced that it is gearing up to announce details of a Letter of Intent to buy Prime Beach front land on the Gulf coast of Florida. Mr Grant commented that, "the ink is still drying and more details will be announced in the coming weeks, but we have agreed to acquire a quantity of land parcels on the Coral Coast, Florida. I'm particularly excited about this one as Cape Coral is located on Florida's heavily bankable Gulf Coast."
The Company has secured land, each waterfront and each with planning permission for residential property use giving the business a significant interest in the area and giving the Company a real head start in its Land Bank Program.
The Letter from the President sets out that the Board approved a 3-tiered plan to start three separate investment programs internally: A Property Investment Fund Program, A Real Estate Program, including an ethical housing scheme and a Land Bank Program which identifies undervalued Prime land in places like Florida, Belize, Thailand and Greece.
In the letter to shareholders, Mr. Grant states: "As you can see, we have already started to enact its business plan and I am happy to share that plan more widely with Shareholders via our website. As we sign any contracts, we will be releasing this news to you in order to keep you informed and the great news is that the Company is already putting is business plan in action."
Profitable Developments, Inc. recently introduced the new Board to the Markets and more details can be found on their website which is www.profitabledevelopments.com
About Profitable Developments, Inc.Profitable Developments, Inc. is Property Development Company listed on the OTC markets as a Current Information company. Specializing key locations globally in both underprice land as well as in Property; the Company has an aggressive strategy to capitalize on the rising prices of Real Estate.
Their website can be found by going to www.profitabledevelopments.com
Forward-Looking StatementsThis press release may contain forward-looking statements, including information about management's view of Profitable Developments, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Profitable Developments, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Profitable Developments' future results. The forward-looking statements included in this press release are made only as of the date hereof. Profitable Developments cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Profitable Developments undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Profitable Developments.
Profitable Developments, Inc.
Source: Profitable Developments, Inc.
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