Profitable Developments, Inc. (OTC Pink: PRDL) (PINKSHEETS: PRDL), a Property Development Company, today announced that its President has been working closely with DREA Partners since retaining their services in March 2014. DREA's principals including Mayer Fulda have been working directly with the company to identify distressed real estate acquisitions that could bring above average returns to PRDL investors.
Profitable Developments President, Carl Grant, who played a pivotal role in bringing on the consultant, comments that "Mayer is going to be crucial to us over the next six months and I am absolutely bowled over that he has agreed to join the team. We have so much potential and so many deals that are lined up and ready to close. Moreover, he has a pocket full of deals that he is bringing to us as he likes our model and our team. Watch this space as we are going to be announcing actual, closed contracts in the next few weeks. We can now be judged on delivery, instead of just the promise of delivery."
The Company has recently announced that, as well as the property deals that it has commissioned the consultant to close, it has also started work on a specialized service built around the medical marijuana space. With a new web portal launching in July, www.maps2weed.com the company has built a database of legal MMJ practitioners across the United States and, as well as serving the general public with crucial information via the portal, it is building a portfolio of potential properties in MMJ hotspots, which it will either invest in itself, or advise third parties on.
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.
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.
SOURCE: Profitable Developments, Inc.