Land in Oak Leaf Manor Is Key in Land Bank Strategy
NEW YORK, NY–(Marketwired – Dec 5, 2013) – Profitable Developments, Inc. (OTC Pink: PRDL) (“Profitable Developments” or the “Company”), an international property development company, today announced that it has signed a Letter of Intent to acquire land in Atlanta, GA; positioning PRDL to see exceptional growth from its land bank strategy.
Recently ranked as the Number 1 location in the U.S. rental market, property development throughout Atlanta essentially stopped since the economic downturn. With the recent market uptrend however, Atlanta’s real estate market is primed for a resurgence of interest. Land acquisitions can now be made well below historical market highs, making room for substantial profits during an expected rebound over the next 3-5 years.
“Our land bank strategy always includes areas that we consider to be under-valued with high ROI expectations,” stated Carl Grant, President of Profitable Developments. “The Fairbank area of Atlanta is near the top of that list.”
Oak Leaf manor, located within Fairbank, surrounds a bustling ‘Historic Home’ city, in a thriving residential and commercial community (situated less than 30 minutes south of Atlanta). With easy access to local and State infrastructure, including the International Airport, this land is considered a prime under-valued location.
Mr. Grant concluded, “We moved rather quickly to include this area in our strategy once our research confirmed that the potential growth of this project was substantial. We expect to receive a serious return on this land.”
Management intends to make arrangements to acquire as many of the land parcels within this area that is economically viable; continuing to successfully execute PRDL’s land bank strategy.
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.
The Company recently announced its 3 year Corporate Strategy. A copy of this plan is available on the corporate website along with greater details on the various Real Estate opportunities PRDL is currently pursuing.
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.