NEW YORK, May 7, 2013 (Pinksheets: ARNH) The Automotive Resource Network Holdings Inc.'s CEO, Kathleen Roberton, is pleased to announce that ARNH has acquired We Three LLC as a wholly owned subsidiary currently valued at $450,000 dollars. We Three LLC is comprised of a team of seasoned professionals who specialize in providing affordable housing that includes a very low deposit, low monthly payments, including no credit checks with the option to own the home outright in 60 months. Our goal is to continue to purchase mobile homes at a discount and help families own a home. Kathleen Roberton comments “Once they purchase a home, they do simple improvements on it and then place it on a lot within a mobile home park.” There model is simple, No Credit Checks, No Interest, Low Down Payments and Low Monthly Payments. They structure a 60 month lease option purchase agreement whereby the tenant owns the home at the end of the contract. This becomes a superb acquisition for ARNH and Shareholders as this model includes the following as both current and future assets: Real Estate (mobile home parks, i.e. improved land); the mobile homes themselves including the monthly payments as well as the 5 Year Lease Option Purchase Agreements (LOPAs) as receivables.
CEO Kathleen Roberton states, “As we continue with the Third Step of our Three Step Master Plan, we will continue to increase the overall net stockholders’ equity in ARNH. Acquiring We Three, LLC as a wholly owned subsidiary is a very exciting proposition for ARNH shareholders. Many families and young people just starting out find it very difficult to pay the large deposits and large monthly rental payments required and most no longer qualify to purchase their own home. We Three LLC typically offers 3 bedroom/2 bath homes for as little as a $2,000 down payment and rental payments of $600 - $800 per month!” ” Kevin Knapp, Managing Member of We Three, LLC, states “this strategic relationship with ARNH will facilitate much needed expansion capital to capture the rapidly growing demand for affordable housing, as well as the acquisition of established mobile home parks sites which can rapidly increase our inventory of LOPAs. Our capital raising efforts include enough working capital to purchase over 100 homes, yet we are truly excited about the opportunity to leverage our highly valuable derivatives known as our own ‘exclusive series F preferred convertible stock’. This gives us the ability to use our shares as a form of currency to acquire assets on a major scale. Our inventory can triple with the simple acquisition of a mobile home park as now we are in a position to accomplish this immediately. To say the least, I am very excited at the prospect of the rapid growth potential!”
Kathleen Roberton, concludes, "We are committed to filing audited financial statements to show the audited value of each of the companies as we continue to add more asset value to the consolidated balance sheet.” We are currently working with MaloneBailey who is a very well known, and widely recognized PCAOB auditing firm. They will audit and ensure that the actual value of each acquisition is recorded on ARNH consolidated balance sheet. Therefore, all we need to do now is to simply audit all of our transactions and file a registration statement with the SEC in order to move forward in a major way.”
About The Automotive Resource Network Holdings Inc.:
The Automotive Resource Network Holdings, Inc. is newly emerging as a holding company targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments all designed to pay a dividend to our shareholders.
FORWARD-LOOKING STATEMENT
ARNH cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
Contact:
Kathleen Roberton
(212)-634-7470