Watchlist Play PRDL .002 News: Profitable Developm

Watchlist Play PRDL .002 News: Profitable Developments, Inc. Signs LOI for Multi-Million Dollar Five Star Resort Marketwire   ”Press Releases”
NEW YORK, NY — (Marketwired) — 12/03/13 — Profitable Developments, Inc. (OTC Pink: PRDL) (“Profitable Developments” or the “Company”), an international property development company, today announced that it has signed a Letter of Intent for a resort property on the exclusive Sal Island in Cape Verde .

The 5 Star Award Winning resort is a high quality property boasting modern facilities and luxury amenities. Unlike most properties currently under development in this area, Profitable Developments has aligned itself with a property that is ‘rent-ready’; where all of the units are completely finished and ready for occupancy and revenue generation.

“We have been working very closely with our global real estate partner to find high value opportunities, in stable but emerging regions of the world, where infrastructure is intact,” stated Carl Grant , President of Profitable Developments. ” Sal Island in Cape Verde is one of those opportunities. PRDL’s potential for growth here is significant.”

Early stage development within the Cape Verde region means significant growth potential for ‘First-Movers’ in the area. Having recently been upgraded to a ‘middle-income’ economy, this area demonstrates a good deal of growing stability as Cape Verde ultimately seeks entry into the European Union . Add an increase of tourists due to regular flights into Cape Verde from most European cities, and it becomes apparent why this emerging market was ranked number three on Lonely Planet’s 2011 list of ‘Top 10 Countries to Visit.’

Mr. Grant concluded, “Opportunities such as the resort property in Sal Island affords us greater flexibility as a property development company; leaving our land and property options open to real and sustainable growth. We are extremely excited to continue forward to the next stage of this project.”