Advanced Lighting Solutions, Inc. Is Looking at a Bright Future in a Depressed Real Estate Market
May 18 2010 - 12:55PM
Marketwired
Advanced Lighting Solutions, Inc. (PINKSHEETS: AVLS) through its
extensive appraisal process, home offers and innovative future
buyer technology, the company's Chief Financial Officer, Jeff
Borden, is pleased to announce a profit ceiling of approximately
1.1 million not to drop less than an estimated 800,000 dollars with
the company's newly acquired real estate assets.
Advanced Lighting Solutions, Inc.'s Chief Financial Officer,
Jeff Borden stated, "We are calling the recently acquired 11
properties (Stage One) of the three stage company reinvention
process. After step one is completed, (Stage Two) Advanced Lighting
is going to take the original company capital gain plus the net
profit and invest it into fulfilling the purchases of 'bulk'
foreclosures through banks and other real estate firms working with
the company.
"Early estimates indicate approximately 4 million in additional
revenue from the bulk properties purchase aforementioned, which
would lead to the (Final Stage) of the company's three stage plan,
working in concert with the FDIC to secure foreclosed properties in
the Houston metroplex and surrounding areas."
"The company is very happy to pursue any and all available
options through new banking relationships or contractors / builders
to increase our profitability with the addition of more distressed
properties," said Advanced Lightings CEO. "We are checking into
every available option our company has for expansion and growth,
reports show we have very little resistance if any in Houston
market which should make it easy to pursue the companies objectives
of acquiring at least 60% of all foreclosed properties in and round
the Houston area."
About Advanced Lighting Solutions
The newly stated goal of Advanced Lighting Solutions, Inc. is to
provide a team of experts in the areas of green and energy
efficient technology for both residential and commercial use.
Intuitively merging green ideas into development properties. To
create jobs, as well as build and provide safe, affordable, energy
efficient residential and commercial investments for the public.
Create and maintain substantial returns for our investors and our
company.
Safe Harbor Statement
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"explores," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing various
engineering and manufacturing programs, changes in customer order
patterns, changes in product mix, continued success in
technological advances and delivering technological innovations,
shortages in components, production delays due to performance
quality issues with outsourced components, and various other
factors beyond the Company's control.
CONTACT: Aaron Matthews Chairman & CEO Email Contact (832)
512-2228
Advanced Lighting Solution (CE) (USOTC:AVLS)
Historical Stock Chart
From Nov 2024 to Dec 2024
Advanced Lighting Solution (CE) (USOTC:AVLS)
Historical Stock Chart
From Dec 2023 to Dec 2024