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Dream Homes & Development Corporation shows Profitable Results, Expands Business, and Adds Key Personnel in Q2 Report for 2017
Dream Homes & Development Corporation shows Profitable Results, Expands Business, and Adds Key Personnel in Q2 Report for 2017.
About this update from Dream Homes & Development Corporation
[{"type":"text","content":"\n \n \n Dream Homes & Development Corporation shows Profitable Results, Expands Business, and Adds Key Personnel in Q2 Report for 2017\n \n \nDream Homes & Development Corporation shows Profitable Results, Expands Business, and Adds Key Personnel in Q2 Report for 2017\n \n FORKED RIVER, NJ--(Marketwired - Aug 22, 2017) -  Dream Homes & Development Corporation (OTCQB: DREM), a licensed new home builder and general contractor, has filed its second quarter financial report. The Company reported gross profit of $530,545 and a net profit before taxes of $132,917 on construction revenues of over $1.76 million. The entire filing can be viewed at https://www.otcmarkets.com/stock/DREM/filings.\n Dream Homes is a fully integrated real estate Company specializing in the elevation and moving of homes, new construction of townhouses and single-family homes, as well as development and sale of approved, single-family homes and various residential properties located throughout central /southern New Jersey. Dream Homes had several operational achievements and milestones during the quarter ended June 30, 2017.\n \n \n Vince Simonelli, as Chairman and CEO of Dream Homes, proudly announces that the Company was able to deliver profitable results on a net basis despite costs associated with going public.\n \n \n The new stock symbol DREM was granted on Tuesday, May 2, 2017 and effectively completed the process to bring our dynamic company public. The Company announced this action on May 5, and discussed how Dream performs full construction and development services, since it is licensed as both new home builder and general contractor and offers the full spectrum of services that a client may need. For this reason, Dream occupies a unique place in the market. \n \n \n On May 24, 2017, Dream announced that it would transition from commonly used construction materials to next generation materials over a long-term plan with LIG Assets, Inc. \n \n \n On June 1, 2017, Dream Homes issued a significant press release that included the acquisition of a new modular division and showroom in Point Pleasant, NJ. The showroom offers a complete kitchen, bath, flooring and finish design center. The acquisition included four ongoing projects, a new VP of Sales Lou Obsuth, and clear potential for extensive prospe...