Small
Business Development Group (OTC: SBDG) Signs Memorandum of Understanding: First
Step in Development of SBDG Real Estate Vertical
Lady Lake, FL - 
(NewMediaWire) - June 9, 2021 - Small
Business Development Group, Inc. (OTC:SBDG) has signed a Memorandum of
Understanding (MOU) for the acquisition of a real estate appraisal
company. Closing of acquisitions is subject to satisfactory completion of
due diligence. As a publicly traded holding company on OTC Markets, SBDG’s plan
is to build its portfolio with industry centric verticals. This is the
first step in the development of a vertical of real estate holdings for
SBDG.
This acquisition target is a
real estate appraisal company based in California, is well-networked, and has
been growing steadily since inception, with 2020 revenue in excess of $600,000
and 2021 on a run rate to exceed the previous year. With an infusion of
capital, technology, and human resources SBDG plans to support existing
management and expand operations into Nevada, Arizona, Idaho, Texas, Florida
and North Carolina.
“The ownership of this appraisal
company has built a nice solid business, and has fostered fantastic
relationships in the industry,” said SBDG Chief Operating Officer Brian
Jue. “We are confident that with an infusion of capital, technology,
experience and network, that we will together build a company and brand with
national presence. It is the first step of a greater plan centered around
real estate in the United States.”
Small Business Development Group,
Inc. (OTC: SBDG) is a holding company publicly traded on OTC Markets. SBDG has
an active mandate to identify and acquire operating companies with a preference
for those in the small to medium sized enterprise arena (SMBs and SMEs) based
in North America, specifically those demonstrating modest but predictable
growth and profitability over time. Ideal candidates for acquisition have an
enterprise value between $2 million and $50 million with positive cash flows
between $500 thousand and $5 million. SBDG's intent for all acquisitions is to
affirm or establish sound business fundamentals and to drive revenue and
profitability growth. The goal of SBDG is to develop and align portfolio
companies into high performance industry verticals and deliver additional value
for its stakeholders.
The Company is based in Florida
and has offices in California, Illinois, Maine, New Jersey, and North
Carolina.
For more information, go to www.SBDGHoldings.com
Note to Investors
This
press release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
This release does not constitute an offer to sell or a solicitation of offers
to buy any securities of any entity. Forward-looking statements in this release
are based on information available to us as of the date hereof. Our actual
results may differ materially from those stated or implied in such
forward-looking statements, due to risks and uncertainties associated with our
business.
850 Teague Trail, #580, Lady
Lake, FL 32159 US
Offices in California, Illinois,
Maine, New Jersey, and North Carolina
1-407-385-0220
