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Los Angelas, CA -- (SBWIRE) -- 10/28/2013 -- Hotpennystocknews.com issues special report on - Profitable Developments, Inc. OTC Pink: PRDL)" rel="nofollow" href="http://hotpennystocknews.com">(OTC Pink: PRDL)
Profitable Developments, Inc. OTC Pink: PRDL)" rel="nofollow" href="http://hotpennystocknews.com">(OTC Pink: PRDL), a Property Development Company, today outlined their Corporate Strategy to the Market in a letter from the Company’s President, Carl Grant.
To kick off the Strategy, PRDL’s President announced that it is gearing up to announce details of a Letter of Intent to buy Prime Beach front land on the Gulf coast of Florida. Mr Grant commented that, “the ink is still drying and more details will be announced in the coming weeks, but we have agreed to acquire a quantity of land parcels on the Coral Coast, Florida. I’m particularly excited about this one as Cape Coral is located on Florida’s heavily bankable Gulf Coast.”
The Company has secured land, each waterfront and each with planning permission for residential property use giving the business a significant interest in the area and giving the Company a real head start in its Land Bank Program.
Profitable Developments (PRDL) is a Property Development Business specialiasing in the acquisition of Financially Distressed Properties, the short and long term rental of properties and the development of Commercial Property upon land which was sold due to Financial Distress. On top of this, the Company intends to build a substantial land bank throughout 2013 - 2014. The Company continues to develop its own Software Solution that it uses to identify, acquire and manage its property portfolio. The Software, unique to Profitable Developments, is in early development stage but will give the company a distinct advantage over its competitors in this increasingly aggressive space.
PRDL is dilligent in its responsibility to give up to date market information to shareholders. As such, it is now receives OTC Market's 'Current Information' Tier which is reserved for Companies who make their financial information available as well as update an Information & Disclosure Statement on a quarterly and annual bases to the OTC Markets platform.
Today, PRDL reported net income for the quarter ended September 30, 2013 of $77 million, or $0.68 per diluted share, compared to net income of $69 million, or $0.58 per diluted share, for the same period in 2012. Third quarter diluted earnings per share increased 17 percent.
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