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Profitable Developments, Inc. President to Sign Contract in Florida
Profitable Developments, Inc. President to Sign Contract in Florida.
About this update from Profitable Developments, Inc.
[{"type":"text","content":"\n \n \n Profitable Developments, Inc. President to Sign Contract in Florida\n \n \nProfitable Developments, Inc. President to Sign Contract in Florida\n\nPRDL President to Visit Multi-Million Dollar Land Bank at Exclusive Florida Community\n\n \n NEW YORK, NY--(Marketwired - Jan 21, 2014) - Profitable Developments, Inc. (OTC Pink: PRDL), a Property Development Company, today announced that its President & CEO will jointly visit an exclusive development community site that they had previously signed a letter of intent to invest in.\n The meeting, to take place in early February 2014, is a crucial milestone for the Company as it is one of the first purchase contracts they will have seen fully executed where the development is of such high quality. Coral Coast is an exclusive development on the highly bankable Gulf Coast of Florida. \n Profitable Developments President, Carl Grant, spoke of his excitement at the opportunity that this development holds in late 2013, saying that he could \"... see the corner being turned in terms of a market up-turn. Realtors are talking of a seller's market being just around the corner. Securing access to this water-front land is a crucial first step for us and, as we negotiated hard, we believe we have a great potential for a fantastic upside when the time comes either to sell the land or go ahead and develop on this prime land.\"\n At the height of the property boom in 2005/2006, demand for land in North Cape Coral was extremely high due to its unique location and fully developed real estate plots were being sold in the millions of dollars at that time. Profitable Developments' investment in this area will see it pay only a small fraction of this price per sq. ft., leaving it in an excellent position when the market bounces back in this area, even in the short to medium term.\n Profitable Developments recently announced that it had signed letters of intent and expressions of interest in The Palms at Corozal on the Caribbean Sea in Belize as well as in a 5 star, award winning resort in Cape Verde. Negotiations to secure the right locations are ongoing.\n About Profitable Developments, Inc.\n 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 ...