Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
CWFG Announces stock buy back
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by toomuch: [QB] this is it! Commonwealth American Financial Group Announces Definitive Agreement date with NW Capital Partners, LLC MIAMI, Nov 28, 2005 (BUSINESS WIRE) -- Commonwealth American Financial Group, Inc. (Pink Sheets:CWFG) today announced that the Board of Directors has moved forward with its progress in the Joint Venture project with NW Capital Partners, LLC. Both companies have agreed that by the 12th of December 2005, both corporations will execute the definitive contracts between each other. The agreement will establish the Joint Venture contractual arrangements between the corporations. The companies in cooperation with developers and local government plan to develop 91 existing units (to be renovated or demolished) and 22 vacant building lots in the Northwest District of West Palm Beach Florida. The approximate cost to develop the area is $6,000,000. The plan is to develop medium and high density housing for an average sales price of $250,000.00 per unit with full financial projections and budgets to be announced. The development will consist of single and multi family homes. NW Capital Partners, LLC (the Partners) was formed by the Northwest Communities Development Partnership, Inc. (the CDC) a Florida not-for-profit corporation, the CDC's mission is to use its community stakeholder resources, which includes working relationships with the City of West Palm Beach, land owners and developers-builders to facilitate the revitalization of the Downtown Northwest neighborhood. "This development is an opportunity for both corporations to develop 113 building lots with very well established developers in Florida. This size development has attracted very well recognized developers and we look forward to working with these developers in the future. We would like to adopt the same redevelopment principles and take the same project management team to other cities to replicate the type of development planned for West Palm Beach. The company continues to review other joint venture opportunities and look forward to possible participation in said ventures," said Ms. Ryals President & Chief Operating Officer. FORWARD LOOKING STATEMENTS: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to mange growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this issue. SOURCE: Commonwealth American Financial Group, Inc. CONTACT: Commonwealth American Financial Group, Inc., Miami Kristin Mary Ryals, 305-913-7112 Fax: 305-913-4101 Copyright Business Wire 2005 -0- KEYWORD: United States North America Florida INDUSTRY KEYWORD: Professional Services Accounting Banking Consulting Finance Legal Communications Advertising Marketing Public Relations/Investor Relations Other Communications Construction & Property Commercial Building & Real Estate Residential Building & Real Estate Other Construction & Property SUBJECT CODE: Contract/Agreement [QUOTE]Originally posted by KillaKmetz: [qb] OK Guys, I am new to this stock here, deciding if I should buy in or not. This, GZFX, FCDH and RVMN seem to be the movers recently. Someone on one of the other message boards said that Dec 12th is the day for this stock? Why is that, is there a PR or financials coming out or something? [/qb][/QUOTE] [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2