Also announcing name and symbol change soon.

check em out.

quote:

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Originally posted by SR112:
Vision Real Estate Management and Development Announces $8 Million Sale of

Assets and Dividend

Business Editors

ALBANY, N.Y.--(BUSINESS WIRE)--June 28, 2004--Vision Real Estate
Management and Development, Inc. (Pink Sheets: VRMD - News) today
announces it has closed on the sale of 90% of its three real estate
subsidiaries (Visions One Management Group, Inc., Capital District
Property Investors, Inc., Future Capital Investments LLC) and 90% of
its trucking subsidiary, DJ Transport, Inc. for a purchase price of
$8,000,000 in the form of a secured five year promissory note from
Nieves Management, Inc. of Albany, NY.
In addition, the remaining 10% of both the combined real estate
companies and DJ Transport will be passed on to the shareholders of
record, as of August 15, 2004, in the form of a stock dividend. For
every one share of VRMD owned, shareholders will receive 2 shares of
the combined real estate companies and 3 shares of DJ Transport.
"The sale of the above assets gives Vision Real Estate Management
and Development, Inc. a book value of over $.07 per share," states
Daniel J. Duffy, Vice President of VRMD.
"The sale of these assets is one of the final steps needed in
order to close on the pending acquisition of MEM Financial Solutions,
Inc., a $45 million mortgage company," stated Donovan Rhoden,
President and CEO of Vision Real Estate Management and Development.
"In the upcoming weeks, our shareholders can expect to see a vast
array of changes, including a name change, symbol change and a change
in the management structure of our company."

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