$PRDL Breaking NEWS - Profitable Developments Announces Contract to Acquire Multiple Properties
SOURCE:Profitable Developments, Inc.
Business Description:
Profitable Developments, Inc. is a Licensed Property Development Business specialising in the acquisition of Financially Distressed Properties, the short and long term rental of properties and the development of Commercial Property on land which was sold due to Financial Distress.
Also, The Company continues to develop its own Software Solution For Future Distribution but also that it is used specifically to identify, acquire and manage property portfolio's. The Software, unique to Profitable Developments, is in early development stage but will give the company a distinct advantage over its competitors in this increasingly aggressive space targeting bargain basement buys.
(OTC:Pink PRDL) http://www.profitabledeveopments.com
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SOURCE:Profitable Developments, Inc.
THURSDAY 10/30/2014 8:18:00 AM
Profitable Developments Announces Contract to Acquire Multiple Properties
PRDL Continues to be Bullish in the Property Markets
NEW YORK, NY, United States, via ETELIGIS INC., 10/30/2014 - - Profitable Developments, Inc. (OTC Pink: PRDL) (PINKSHEETS: PRDL), announced today, that they have entered into contract to purchase four additional properties in Pennsylvania. The properties are distressed assets and the contract price represents a steep discount to market value.
From the properties acquired in the initial phase, the company has successfully sold two-thirds of the properties, at a profit of between 43% and 100% of the purchase price. These new properties were identified and chosen because they represent similar opportunities for profit.
“These additional four properties represent an opportunity for significant upside,” said Carl Grant, President of Profitable Developments. “Wehave been working closely with an advisor to identify and purchase these distressed properties. Our initial acquisitions proved successful withgains of between 43% and 100% of the purchase price. We intend to continue with our strategy and increase the number of properties purchasedin each transaction.”
“We are actively working to identify the best distressed assets that we can purchase for a fraction of their value and sell for a significant ROI, thisis a very exciting time for all involved."
“We are extremely pleased with the outstanding returns on our first round of purchases of distressed real estate. We expect to keep increasing theamount of properties we acquire each month. The recent return of over 2 Billion shares, means this will have an even greater impact on ourshareholder value,” commented Carl Grant, President of Profitable Developments, and further said, "We are really excited to begin working withinvestors who are committed to funding our real estate investments.” Mr. Grant also noted, "This first step is a long awaited and crucial step inincreasing shareholder value through acquisitions of distressed properties at a steep discount and selling them for large percentage gains. We are already negotiating to buy larger groups of properties.”
October 30, 2014
Maps2 Weed is a wholly owned subsidiary of Profitable Developments, Inc. (OTC:Pink PRDL)
Business Description:
Profitable Developments, Inc. is a Licensed Property Development Business specialising in the acquisition of Financially Distressed Properties, the short and long term rental of properties and the development of Commercial Property on land which was sold due to Financial Distress.
Also, The Company continues to develop its own Software Solution For Future Distribution but also that it is used specifically to identify, acquire and manage property portfolio's. The Software, unique to Profitable Developments, is in early development stage but will give the company a distinct advantage over its competitors in this increasingly aggressive space targeting bargain basement buys.
(OTC:Pink PRDL) http://www.profitabledeveopments.com
ABOUT US
Maps2 Weed is a wholly owned subsidiary of Profitable Developments, Inc. (OTC:Pink PRDL).
A specialist web portal designed to assist in property acquisition for the MMJ trade
A specialist web portal designed to assist in property acquisition for the MMJ trade
Maps2 Weed aims to help make this industry a safe and profitable place to do business. The portal will give the MMJ industry a single ‘Go-To Place’ for all parties to interact and also provide a key outlet for Profitable Developments to do business with property investors looking to legally enter this market and remain compliant with the various State legislation that surrounds this complicated market. http://www.maps2weed.com is a wholy owned subsidiary of Profitable Developments, Inc.
****In a Recent PR, Carl Grant, President of Profitable Developments, commented,
“We highly anticipate our site becoming the premier go-to site for people seeking legitimate marijuana suppliers; and for suppliers to find appropriate real estate to house their operations. Data loading continues and we hope that the community will find it increasingly useful.” Mr. Grant also noted, “We are working on developing joint ventures with lenders and property owners to create a full in house team for real estate purchases and rentals. I am highly focused right now on increasing shareholder value.”
****In a Recent PR, Carl Grant, President of Profitable Developments, commented,
“We highly anticipate our site becoming the premier go-to site for people seeking legitimate marijuana suppliers; and for suppliers to find appropriate real estate to house their operations. Data loading continues and we hope that the community will find it increasingly useful.” Mr. Grant also noted, “We are working on developing joint ventures with lenders and property owners to create a full in house team for real estate purchases and rentals. I am highly focused right now on increasing shareholder value.”
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