Profitable Developments, Inc. Outlines Strategy to the Market
President of PRDL Talks Directly to Shareholders About an Imminent Land Contract as Well as the Future of the Company
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.
Their website can be found by going to www.profitabledevelopments.com
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