PRDL major oversold chart play, support came in yesterday
Profitable Developments, Inc. Looks Towards Exclusive Caribbean Land
PRDL Signs Letter of Intent to Acquire Land Parcels in Belize on Multi-Million Dollar Development Site
NEW YORK, NY--(Marketwired - Nov 7, 2013) - Profitable Developments, Inc. (OTC Pink: PRDL), a Property Development Company, today announced that it has signed a letter of intent to acquire a quantity of land parcels in Belize on land that is adjacent to the Caribbean sea.
Located just a minute from the Caribbean Sea, The Palms at Corozal is a development site in the fast growing Corozal district of Belize. The community currently caters for life style buyers looking for a great home as well as 'early day' investors looking for excellent returns. Belize is tipped to be the next big ticket in the Caribbean and, with prices starting to make the move upwards, Profitable Developments believes itself to be in at just the right time.
The Palms offers real estate in a prime Caribbean location. The development site is well progressed with road-access and power already in place as the development Company seeks to turn this area into another highly desirable location in the Caribbean. Demand for land parcels in this area has been very high, as the area is already extremely popular with Americans.
Commenting on the agreement, President of Profitable Developments, Carl Grant, said, "I literally could not believe this little gem when I first spotted it, not only because of its location in the Caribbean, but because of the Infrastructure work that is currently being undertaken. Research tells us to expect our investment here to rise 25% year on year for the next five years and that kind of deal excites me. This is a great deal for the Company and its shareholders."
Profitable Developments, Inc. recently announced their 3 year Corporate Strategy, a copy of which is available from the investor section of the website. As well as a LOI for Land Parcels in Florida. Details of all of the opportunities that PRDL are working on are available from their website and further deals will be made public as they are signed.
About Profitable Developments, Inc.
Profitable Developments, Inc. is Property Development Company listed on the OTC markets as a Current Information Company. Specializing in key locations globally in both underpriced land as well as in Property, the Company has an aggressive strategy to capitalize on the rising prices of Real Estate.
Their website can be found by going to www.profitabledevelopments.com
The Company can be contacted via info@profitabledevelopments.com
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of Profitable Developments, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Profitable Developments, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Profitable Developments' future results. The forward-looking statements included in this press release are made only as of the date hereof. Profitable Developments cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Profitable Developments undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Profitable Developments.
Contact:
Profitable Developments, Inc.
info@profitabledevelopments.com
