$DREM Dream Homes is pleased to announce that the
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Posted On: 12/03/2019 2:44:00 PM
$DREM Dream Homes is pleased to announce that the Company will be filing its quarterly reports for the periods ended March 31, 2019, June 30, 2019 and September 30, 2019 in the next few weeks.
The Company’s 2018 acquisition of a significant portion of the assets of Premier Modular Homes, located in Little Egg Harbor, NJ, has also recently begun to accrete to earnings. With this acquisition, and the Company’s main office location in Forked River, the Company continues to strengthen and position itself to serve a significant portion of the entire coastal region, from Southern Ocean County north to Middlesex County.
Dream Homes CEO Mr. Vincent Simonelli stated, “Celebrating the one-year anniversary of the addition of the Premier Modular operations to the Dream Homes family of companies, we continue to elevate our modular service and selection to a higher level. Premier’s existing prospect base has already yielded numerous clients for which we’ve estimated new homes in our market area. Having another complete showroom at the southern end of Ocean County is enormously helpful in attracting clients in Little Egg Harbor, West Creek and Long Beach Island. We continue to be very excited about this addition to the Company. In addition, sales and net income in 2019 have increased year over year, and the company continues to enjoy the benefits of the increase in new home construction versus renovation/elevation work.”
Mr. Simonelli continued, “The renovation/elevation work continues to be a strong portion of our business that enjoys excellent margins. The new construction portion of the company offers us a better opportunity to scale the company to greater sales volume. With several of our new developments that are currently in the latter development stages coming online in in 2020/2021, we expect these projects to add significant earnings in the next few years. In addition to our new home developments, we’re currently experiencing a back log of orders in our custom modular division, which is a really exciting development.”
https://www.bloomberg.com/press-releases/2019...eports-and
The Company’s 2018 acquisition of a significant portion of the assets of Premier Modular Homes, located in Little Egg Harbor, NJ, has also recently begun to accrete to earnings. With this acquisition, and the Company’s main office location in Forked River, the Company continues to strengthen and position itself to serve a significant portion of the entire coastal region, from Southern Ocean County north to Middlesex County.
Dream Homes CEO Mr. Vincent Simonelli stated, “Celebrating the one-year anniversary of the addition of the Premier Modular operations to the Dream Homes family of companies, we continue to elevate our modular service and selection to a higher level. Premier’s existing prospect base has already yielded numerous clients for which we’ve estimated new homes in our market area. Having another complete showroom at the southern end of Ocean County is enormously helpful in attracting clients in Little Egg Harbor, West Creek and Long Beach Island. We continue to be very excited about this addition to the Company. In addition, sales and net income in 2019 have increased year over year, and the company continues to enjoy the benefits of the increase in new home construction versus renovation/elevation work.”
Mr. Simonelli continued, “The renovation/elevation work continues to be a strong portion of our business that enjoys excellent margins. The new construction portion of the company offers us a better opportunity to scale the company to greater sales volume. With several of our new developments that are currently in the latter development stages coming online in in 2020/2021, we expect these projects to add significant earnings in the next few years. In addition to our new home developments, we’re currently experiencing a back log of orders in our custom modular division, which is a really exciting development.”
https://www.bloomberg.com/press-releases/2019...eports-and
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