posted
WOW - closed Friday at .05, now 1.24. Sorry, never thought this news was that good.
World Assurance Group (WDAS.OTC) Subsidiary ANAV Holdings Corporation Proposes to Build Green Community First Investment Focuses on Pacific North West, Residential Environmental Project
NEW YORK, NY, Oct. 12, 2009 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 10/12/09 -- World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary ANAV Holdings Corporation has signed a letter of intent with Stone Creek Land Development, LLC.
The Company has signed a proposal to enter into a purchase agreement with Stone Creek for a 49% membership interest in an approved residential development in Bremerton, Washington. The project is within five miles of the Bangor Trident submarine base and within ten miles of Puget Sound Naval ship yard where two aircraft carriers intend to dock this October. The project already has roads, sewer, and infrastructure in place and is staked and ready with nominal dollars for vertical construction. The homes will be priced in the $185,000 - $200,000 price range. The sub $200,000 price range is a necessity in the area and the market remains quite strong even in this environment.
Jonathan B. Morgan, President of WDAS stated, "Our decision to sign the letter of intent was based on the location of the property, close to vertical construction of 29 affordable homes near a large military installation, and that the homes are proposed to be built green and would be the only green community in the area."
-------------------- Only ONE good stock away from retirement!
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