Profitable Developments, Inc. Agrees to Acquire Multi-Million Dollar Land Parcels
October 28 2013 - 7:30AM
Marketwired
Profitable Developments, Inc. Agrees to Acquire Multi-Million
Dollar Land Parcels
PRDL Appears Bullish in the Market by Signing Letter of Intent
to Acquire Coral Coast, FL Land Parcels for a Fraction of Their
Previous 'High' Values
NEW YORK, NY--(Marketwired - Oct 28, 2013) - Profitable
Developments, Inc. (OTC Pink: PRDL), a Property Development
Company, today announced that it has signed a letter of intent to
acquire a quantity of land parcels on the Coral Coast, Florida.
Situated between Sarasota and Marco Island, is Cape Coral located
on Florida's heavily bankable Gulf Coast.
The Company has secured 10 parcels of 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.
At the height of the property boom in 2005/2006, demand for land
in North Cape Coral was extremely high due to its unique location
and fully developed real estate plots were being sold in the
millions of dollars at that time. Profitable Developments'
investment in this area will see it pay only a small fraction of
this price per sqft, leaving it in an excellent position when the
market bounces back in this area, even in the short to medium
term.
Commenting on the agreement, President of Profitable
Developments, Carl Grant, said, "I was in Florida very recently
surveying the right opportunities for the Company and I can say
that I see the corner being turned in terms of a market up-turn.
Realtors are talking of a seller's market being just around the
corner. Securing access to this water-front land is a crucial first
step for us and, as we negotiated hard, we believe we have a great
potential for a fantastic up side when the time comes either to
sell the land or go ahead and develop on this prime land."
Profitable Developments, Inc. recently announced their 3 year
Corporate Strategy, a copy of which is available from the investor
section of the website. Details of all of the opportunities that
PRDL are working on are available from their website and further
deals will be made public as they are signed.
About Profitable Developments, Inc. Profitable Developments,
Inc. is Property Development Company listed on the OTC markets as a
Current Information Company. Specializing in key locations globally
in both underpriced 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 Statements This 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.
info@profitabledevelopments.com
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