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World Assurance Group (WDAS.OTC) Subsidiary Anav Holdings Corporation Seeks to Grow Its Environmental Green Building Product Line
The Indoor Air Quality (IAQ) Equipment Market Is Expected to Reach $10.4 Billion by 2011
NEW YORK, NY, Nov 13, 2009 (MARKETWIRE via COMTEX) -- World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary Anav Holdings Corporation is investigating working with Custom Building Products of South Carolina to enhance its building projects which are environmentally green. Custom Building Products has developed innovative technology behind the destruction and eradication of Mold in housing developments. The company has two main products, Mold Inhibit(R)20 -- Concentrate and Mold Inhibit (R) Decontamination Kit.
According to BCC Research, a leading researcher of the Air Quality Market, the Environmental services, including mold remediation, asbestos abatement, and radon mitigation markets, which are all a subsector of Indoor Air Quality, should reach $2.9 billion by 2011.
The Mold Inhibit (R)20 Concentrate ("Mold Inhibit 20") is a product developed by the Company. Mold Inhibit 20(R) is a formulation based on an Environmental Protection Agency approved raw material for the treatment of mold infestation. Mold Inhibit 20(R) has undergone extensive laboratory testing by BodyCote Testing Group, Portland, Oregon. The Mold Inhibit 20(R) has applications for: wood, flooring, concrete, paint, sheetrock and other building materials. It is used in mold remediation projects and as an additive to building materials to retard the growth of mold. The product comes in liquid formulations of 2.5, 5 and 55 gallon drums. The Mold Inhibit (R) Decontamination Kit is a product developed by Custom Building Products and has applications for environmental cleaning business for mold, water, odor and fire induced conditions. It has applications for mold testing, mold cleaning and mold encapsulates. The underlying formulation is a raw material approved by the EPA for environmental remediation.
Jonathan B. Morgan, President of WDAS, stated, "By looking at environmentally green development projects and products, adding the ability to eradicate mold from many properties may be another method for WDAS to transform certain types of depressed real estate into viable sellable and rentable properties."
About World Assurance Group Inc (PINKSHEETS: WDAS)
World Assurance Group through its wholly owned subsidiary ANAV Holdings Corporation intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets.
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Posts: 141 | From: new jersey | Registered: Oct 2009
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ANAV Holdings Corporation (symbol: WDAS), intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying asset(s).
As of friday WDAS was sitting just under the bullish line @ 46.88 .+8.62% Chg
I belive this will become one of the hot plays and start to move up the charts
the news that came out after the close I feel that it is very possible that WDAS may run on this news
Posts: 141 | From: new jersey | Registered: Oct 2009
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WDAS has signed letters of intent with Premier Housing Development of Machala focusing on residental housing projects. WDAS is focusing on growth in emerging markets as it allows North America, Europe and Asia real estate to reset & restructure.
Custom Building Products has developed innovative technology behind the destruction and eradication of Mold in housing developments. The company has two main products, Mold Inhibit�20—Concentrate and Mold Inhibit � Decontamination Kit. According to BCC Research, a leading researcher of the Air Quality Market, the Environmental services, including mold remediation, asbestos abatement, and radon mitigation markets, which are all a subsector of Indoor Air Quality, should reach $2.9 billion by 2011.
This stock is sitting right below the bullish line IMO good time 2 buy believe this stock will do very well!!!
Posts: 32 | From: red bank | Registered: Nov 2009
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Thanks 4 the info!!!I like this stock i have recently bought 600 shares!!!!!!! IMO this stock is going 2 have a run within the next couple of days!!!!
Posts: 32 | From: red bank | Registered: Nov 2009
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World Assurance Group (PINKSHEETS: WDAS) Subsidiary, Anav Holdings Corporation, to Purchase Into Sustainable Green CorporationOctober 20, 2009 6:25 PM ET advertisement
Article tools E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articleWorld Assurance Group Inc (WDAS) Stock Quote, Chart, News, Add to WatchlistRecent investing newsBaldwin and PRISCO Extend Marketing and Distribution AllianceQiao Xing Universal Telephone, Inc. Updates its Investor Relations WebsiteRaven Industries Announces Third Quarter ResultsAOL to cut one-third of workforceCapella University Launches Two New Online Degrees, Three New Specializations All Market Wire newsWorld Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary, Anav Holdings Corporation, has signed a proposal to purchase 15% of Sustainable Green Corporation.
WDAS intends to purchase 15% of the shares outstanding of Sustainable Green Corporation. The current development plans between WDAS and Sustainable Green plan for the building of an initial 5000 homes in Mexico. Each home has a resale value of a minimum of $16,000.00 (500 sq ft) to $60,000.00 (1600 sq ft). Sustainable Green, through its Mexican subsidiary, is currently building a track of homes for a 'Junta' or co-operative of 700 teachers consisting of an initial 120 units. Sustainable Green began building the model homes on September 26th, 2009 and expects completion of the same no later than October 30, 2009. Sustainable Green has also entered an agreement where they are provided finished lots without an upfront cost, at which time Sustainable Green, through its Mexican subsidiary, does the vertical construction. The entire process is administered by a multi-national bank, where the bank bears the recourse, in effect providing title insurance to the transaction.
Jonathan B. Morgan, President of WDAS, stated, "We are looking forward to beginning to build and develop Mexico and other areas with Sustainable Green. We believe that Mexico, Central America and South America are within our reach within 12 to 18 months. The building method and products are world class."
About World Assurance Group Inc. (PINKSHEETS: WDAS)
World Assurance Group, through its wholly owned subsidiary ANAV Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets.
About Sustainable Green Corporation
Sustainable Green Corporation utilizes a multi-patented composite building system that utilizes Expanded Polystyrene as the core material for all structural members -- walls, roof, and floor. The material is sprayed with a composite coating made of a precise blend of sand, cement, glass fiber and other patented additives that together create a building shell that meets or exceeds all testing protocols and load requirements of the ICC-ES. (ICC-ES is the United States' leader in evaluating building products for compliance with code and is a nonprofit, public-benefit corporation, www.icc-es.org). The building system is intrinsically linked to the installation and application of a building system; it has a patented analysis program that accurately predicts the performance capability of a building utilizing any architectural design under any set of climate conditions. The system is earthquake resistant, hurricane resistant (tested to 260 MPH, rated 170 MPH), vapor proof, water proof, mold resistant, air tight and 100% recyclable. It compares favorably by price to timber, which creates more waste and has a negative impact on the environment.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Posts: 141 | From: new jersey | Registered: Oct 2009
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