ON RADAR $PRDL Profitable Developments, Inc.

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Oct 29, 2014 at 3:20 AM

Sustainable growth, through intelligence lead buying, land banking and long term rental

Profitable Developments, Inc. (OTC Pink: PRDL), announced today, that they have sold the first residential property in their portfolio at a gain of over 100%. The company entered into contract, in June, to acquire two residential properties and one commercial property in a distressed asset acquisition.

We have completed the sale of the first residential property and recorded a gain of over 100% on the sale. The remaining residential and commercial properties have already received several bids each for significantly higher than the contract price. We intend to sell the remaining two properties prior to closing, which allows us to save significant closing costs through the assignment of the contracts or simultaneous closings.

"The recent return of over 2 Billion shares by management, means this will have an even greater impact on our shareholder value" commented Carl Grant, President of Profitable Developments, and further said "We are really excited to begin working with a group of investors who are committed to funding our real estate investments" Mr. Grant also noted "This first step is a long awaited and crucial step in increasing shareholder value through acquisition of distressed properties at a steep discount and selling them for large percentage gains. We are already negotiating to buy larger groups of properties and hope to be in contract for more properties shortly."

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.

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Yahoo! Finance: PRDL News
Latest Financial News for PROFITABLE DEVELOP
PROFITABLE DEVELOPMENTS INC Financials
Saturday, August 30, 2014 9:04 AM
Profitable Developments Announces Sale of First Property
Monday, August 25, 2014 7:35 AM
[Accesswire] - New York, NY / ACCESSWIRE / August 25, 2014 / Profitable Developments, Inc. (OTC Pink: PRDL), announced today, that they have sold the first residential property in their portfolio at a gain of over 100%. ...
Profitable Developments, Inc. has Retired 2bn Shares and is to Retire Two Billion More Shares
Wednesday, August 06, 2014 4:15 AM
[Accesswire] - PRDL Reduces Its Outstanding Shares by Almost 30 Percent With More to Come NEW YORK, NY , United States / ACCESSWIRE / Aug 6, 2014 / Profitable Developments, Inc. (OTC PINK: PRDL), today announced that ...
PRDL Announces Maps2Weed.com Is Live
Tuesday, July 08, 2014 8:45 AM
[Marketwired] - Profitable Developments, Inc. , announced today, that the much awaited launch of maps2weed.com is over and the site has gone live. The launch was set to coincide with the beginning of weed sales in Washington ...
Profitable Developments, Inc. Signs Contract on Properties
Tuesday, June 17, 2014 5:45 AM
[Marketwired] - Profitable Developments, Inc. , a Property Development Company, announced today, that they have signed a contract to acquire three separate properties in Pennsylvania. The company expects to receive a ...
Profitable Developments, Inc. Retains DREA Partners as Consultants
Thursday, June 12, 2014 5:30 AM
[Marketwired] - Profitable Developments, Inc. , a Property Development Company, today announced that its President has been working closely with DREA Partners since retaining their services in March 2014. DREA's principals ...
Profitable Developments, Inc. President Updates the Market
Wednesday, June 11, 2014 7:19 AM
[Marketwired] - Profitable Developments, Inc. , today announced that is diversifying its portfolio to look at how they can expand into the Medical Marijuana space and explore property opportunities.
Profitable Developments, Inc. President to Sign Contract in Florida
Tuesday, January 21, 2014 5:30 AM
[Marketwired] - Profitable Developments, Inc. , a Property Development Company, today announced that its President & CEO will jointly visit an exclusive development community site that they had previously signed a letter ...
Profitable Developments, Inc. Finds Significant Growth Potential in Atlanta Land Deal
Thursday, December 05, 2013 5:30 AM
[Marketwired] - Profitable Developments, Inc. , an international property development company, today announced that it has signed a Letter of Intent to acquire land in Atlanta, GA; positioning PRDL to see exceptional ...
Profitable Developments, Inc. Signs LOI for Multi-Million Dollar Five Star Resort
Tuesday, December 03, 2013 5:15 AM
[Marketwired] - Profitable Developments, Inc. , 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.
Profitable Developments, Inc. Looks Towards Exclusive Caribbean Land
Thursday, November 07, 2013 5:30 AM
[Marketwired] - Profitable Developments, Inc. , 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 ...
Profitable Developments Unlocks Access to Over $10m Worth of Real Estate With New Partnership
Tuesday, October 29, 2013 4:30 AM
[Marketwired] - Profitable Developments, Inc. , a Property Development Company, today announced that it has agreed to sign up specialist Global Real Estate Company Crystal Investment & Real Estate Limited, based out of ...
Profitable Developments, Inc. Agrees to Acquire Multi-Million Dollar Land Parcels
Monday, October 28, 2013 4:30 AM
[Marketwired] - Profitable Developments, Inc. , a Property Development Company, today announced that it has signed a letter of intent to acquire a quantity of land parcels on the Coral Coast, Florida. Situated between ...

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