DYNAMIC VENTURES CORPORATION UPDATES BUSINESSS OUTLOOK TO INCLUDE EXPANSION INTO THE REO MARKET Dynamic Ventures Corp. Common Stock (OTCBB:DYNV) Intraday Stock Chart Today : Thursday 18 November 2010 Dynamic Ventures Corp. (OTC BB: DYNV), today announces an update to the 2011 and 2012 Information and Outlook to include expansion into the REO market.
DYNV is seeking funds of a minimum $10 million for the REO market. This will help DYNV to purchase homes at discounts to current appraised values from institutions who wish to lower their levels of inventories of REO foreclosed on properties in 2011. If this target is met, DYNV intends to try and double this in 2012.
"These numbers could get much higher based on our ability to secure additional financing to support further acquisitions" stated Dave Brown, VP of Business development for DYNV. He continued "our strong base of in-house and affiliated trades and our long history of success in the real estate market gives us a solid leg up on our competition in this space. We have the ability to to attain quicker turn over and higher profitability because of our multi-tiered profit points in both the retrofit and transactional process. In addition, our recent relationship with Nova Home Loans will streamline our ability to qualify buyers for the properties under our control."
By way of recap, the companies "Green" BBSI SIPs panel business continues to be strong with 2011 revenues projected to be at $22.5million and 2012 projections now topping $41 million. The recently announced $5.4 million hotel project is expected to be the first of many as customers become more attracted to the faster, more cost effective and GREEN components to this subsidiary. "Again here, our layered profitability through our trades adds solidly to our shareholder value" stated Brown.
In addition, revenues from Native American projects continue to be strong with 2011 and 2012 predicted to be at $11 million and $23 million respectively.
"Despite the negative and difficult state of the US real estate markets, we feel that this is the perfect time for rapid growth within our organization." said Brown.
About The Company:
Dynamic Ventures Corporation, develops and markets efficient construction solutions for residential and commercial buildings. The company offers a turnkey solution enabling the firm to custom design, manufacture and install complete LEED certified structures.
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-KSB and 10-QSB. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.
For information on Dynamic Ventures Corp or Bundled Builder Solutions Inc., visit www.bbsiaz.com Posted by beacher on :
good news today this should really spike IMO
Posted by wolyton on :
GREAT news on this today and its one of those green companys to boot!
Posted by wolyton on :
thinking next week should bring us some green closeings