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level2iscool2004
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ProCoreGroup, Inc. Announces Real Estate Transfer
THURSDAY, DECEMBER 16, 2004 3:04 PM
- BusinessWire

PCRG
0.085 -0.055


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CLEVELAND, Dec 16, 2004 (BUSINESS WIRE) -- ProCoreGroup, Inc. of University Heights, Ohio, is happy to announce that one of it's shareholders, Carol Popp, a real estate investor from Cleveland, has transferred a piece of commercial real estate, located at 10600 Broadway in Metropolitan Cleveland, with an appraised value of over $900,000 into ProCore in exchange for common stock. This is part of a long term strategy for Popp to invest two million dollars into ProCore over a twenty-four month period subject to certain conditions.

This property will be used as a warehouse and distribution facility for products the company will begin offering for sell in first quarter of 2005. ProCore has the option and is exploring the possibility of leveraging the building to help raise capital for operations and future deals.

"This is the first of many new steps ProCore will take to create the operational and financial foundation the company needs to progress forward," says Bashruddin Usama, Chairman of ProCore.

About ProCoreGroup, Inc.

Located in University Heights, Ohio, ProCoreGroup, Inc., conducts business as a merger and acquisition oriented holding company that focuses on undervalued assets which will positively impact minority communities with goods and services at fair and honest prices instead of predatory prices. The goal of the Company's management is to identify existing minority owned or based businesses, products and/or services that have potential to generate greater revenues and earnings through efficiencies that can be implemented as a result of restructuring, infusion of stronger management and/or through the marketing efforts of the Company. ProCore trades under the symbol "PCRG" on the OTCBB stock exchange.

Regarding the Private Securities Litigation Reform Act: Except for historical information contained herein, this press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that the company has filed or may file with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

SOURCE: ProCoreGroup, Inc.

ProCoreGroup, Inc.
Dr. Joe de Beauchamp, 206-343-3912


Copyright (C) 2004 Business Wire. All rights reserved.


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level2iscool2004
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USA:
PCRG - Procore
Procore (Symbol: PCRG)
Procore incorporated in California on August 15, 1983 using the name of Tahoe Lake Concessions, Inc. The Company remained dormant until 1993. On June 21, 1993, the Company's shareholders approved a name change to BAOA, Inc.

From 1993 through 1997, BAOA was engaged in the development, marketing, and sales of an educational and entertainment board game, the marketing of an affinity credit card, the licensing of a trademark logo, "Black Americans of Achievement," and the development of a television game show. On October 4, 2000, the Company's shareholders approved a name change to Call-Solutions, Inc. On January 20, 2001, the name change was officially filed with the California Secretary of State. On November 3, 2003, the name change to PROCOREGROUP, INC. was officially filed with the California Secretary of State.

ProCoreGroup conducts business as a merger and acquisition oriented holding company that focuses on undervalued assets. Prior to November 2003 the Company was known as Call Solutions, Inc. and was inactive. ProCoreGroup, Inc. has shifted its focus and management to create a streamlined, multinational holding company consisting of low profile, high quality, and cash-generating businesses. ProCoreGroup's experienced management will reach out through its diversified network of established business associates to identify, research, and negotiate mergers and/or acquisitions that are most suitable and beneficial to the profitability and protection of our shareholders and company.

To achieve this, the company's management plans in no way compromise the doctrinal and practical integrity of the company. Procore used to have a platform of Call-Solutions' mission and was to open call centers throughout the world in locations which have business atmospheres that are encouraging to labor intensive business operations. The Company's goal is to be the first choice of corporate business customers who wish to outsource their company's teleservice needs. The company will design its call centers to be multi-media contact centers to facilitate computer telephony integration technology enabling all Internet, cable and telephony commerce.

The Company also desires to become a world leader in "direct-to-consumer" distribution of goods and services by using its call center operation. With the change of management and company name, the company will be conducting business as a merger and acquisition oriented holding company that focuses on undervalued assets. The goal of the company's management is to identify existing businesses that have a potential to generate larger revenues through restructuring and stronger management. The Company is currently reviewing its plans for operating in the call center business. More recently, the Company is creating a streamlined, multinational holding company consisting of low profile, high quality, and cash generating businesses.

ProCoreGroup conducts business as a merger and acquisition oriented holding company that focuses on undervalued assets. Prior to November 2003 the Company was known as Call Solutions, Inc. and was inactive. ProCoreGroup, Inc. has shifted its focus and management to create a streamlined, multinational holding company consisting of low profile, high quality, and cash-generating businesses.

ProCoreGroup's experienced management will reach out through its diversified network of established business associates to identify, research, and negotiate mergers and/or acquisitions that are most suitable and beneficial to the profitability and protection of our shareholders and company. To achieve this, the company's management plans in no way compromise the doctrinal and practical integrity of the company.

Company incurred net loss of $30,741 for the three months ended March 31, 2004 and as of that date had incurred cumulative losses since inception of $15,346,568. The Company's existence in the current and prior periods has been dependent upon advances from related parties and other individuals, and the sale of equity securities.

Procore signed letter of intent to acquire World Financial News Network, details to follow on this news as they develop. We see the company stock moving up to the $5.00 range and earning about a minus two cents per share. Their new model of merger and acquisition appears moving in a proper logical direction. With hiring experienced personnel, the company looks to move into an area for venture capital and poised for fast growth in the future.

ProCoreGroup, Inc.

20825 Swenson Drive Suite 200

Waukesha, Wisconsin 53186-4069

206-343-3912

Info@wfnn.info http://wfnn.info
Year

2003

2002
Growth
Rate 10.00%
Working
Capital

-0.47

-0.48
Report
Price $0.05
Total Assets

0.05

0.02
Current
Price $0.15
Retained
Earnings

-15.31

-14.09
Projected
Price $5.00
EBIT (Earnings
Before
Interest and
Taxes)

-0.03

0.00
Projected
EPS $-0.02
Shareholder
Equity

-0.59

-0.62
PE
(Price Earnings Ratio) -250.00
(Projected: -250.00)
Total Debt

0.64

0.63
Credit Score 0.9800
Sales

0.00

0.00
Shares

3.59

78.11

EPS (Earnings
Per Share)

0.00

0.00

Analyst : Dr. Joseph de Beauchamp
All financial numbers have been restated according to United States accounting standards and appear in millions of USA dollars. Data is updated daily at market close.
© 2003 World Financial News Network. All rights reserved.


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level2iscool2004
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lot of people buzzing about this pick
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