Business
THE AUTOMOTIVE RESOURCE NETWORK, INC. (ARNH) ANNOUNCES THEY HAVE ACQUIRED A THRIVING AFFORDABLE HOUSING BUSINESS THAT HAS HIGH GROWTH POTENTIAL AS THEY PROVIDE LOW COST HOUSING ON A “LEASE TO OWN” BAS
THE AUTOMOTIVE RESOURCE NETWORK, INC. (ARNH) ANNOUNCES THEY HAVE ACQUIRED A THRIVING AFFORDABLE HOUSING BUSINESS THAT HAS HIGH GROWTH POTENTIAL AS THEY PROVIDE LOW COST HOUSING ON A “LEASE TO OWN” BAS.
About this update from Za Group Inc.
[{"type":"text","content":"NEW YORK, May 7,\n2013 (Pinksheets: ARNH) The Automotive Resource Network Holdings\nInc.'s CEO, Kathleen Roberton, is pleased to announce that ARNH has\nacquired We Three LLC as a wholly\nowned subsidiary currently valued at $450,000 dollars. We Three LLC is comprised of a team of seasoned professionals who\nspecialize in providing affordable housing that includes a very low deposit,\nlow monthly payments, including no credit checks with the option to own the\nhome outright in 60 months. Our goal is to continue to purchase mobile homes at\na discount and help families own a home. Kathleen Roberton comments “Once they\npurchase a home, they do simple improvements on it and then place it on a lot\nwithin a mobile home park.” There model is simple, No Credit Checks, No\nInterest, Low Down Payments and Low Monthly Payments. They structure a 60 month\nlease option purchase agreement whereby the tenant owns the home at the end of\nthe contract. This becomes a superb acquisition for ARNH and Shareholders as\nthis model includes the following as both current and future assets: Real\nEstate (mobile home parks, i.e. improved land); the mobile homes themselves\nincluding the monthly payments as well as the 5 Year Lease Option Purchase\nAgreements (LOPAs) as receivables.\n\nCEO Kathleen Roberton states, “As\nwe continue with the Third Step of our Three Step Master Plan, we will continue\nto increase the overall net stockholders’ equity in ARNH. Acquiring We Three, LLC as a wholly owned\nsubsidiary is a very exciting proposition for ARNH shareholders. Many families\nand young people just starting out find it very difficult to pay the large\ndeposits and large monthly rental payments required and most no longer qualify\nto purchase their own home. We Three LLC\ntypically offers 3 bedroom/2 bath homes for as little as a $2,000 down payment\nand rental payments of $600 - $800 per month!” ” Kevin Knapp, Managing Member\nof We Three, LLC, states “this\nstrategic relationship with ARNH will facilitate much needed expansion capital\nto capture the rapidly growing demand for affordable housing, as well as the\nacquisition of established mobile home parks sites which can rapidly increase\nour inventory of LOPAs. Our capital raising efforts include enough working\ncapital to purc...