Altrimega Health Corporation d/b/a Creative Holdings & Marketing Corporation Moves to Close on Purchase Site for Townhome Development in Charlotte, N.C.Business Editors MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Jan. 16, 2003 Altrimega Health Corporation d/b/a Creative Holdings & Marketing Corporation CRHM CRHM Christian Reformed Home Missions ("Creative") announced today it has completed its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and is proceeding to complete the transaction to purchase an 15-plus acre land site for development in Charlotte, N.C. A final contract is expected this month. The site is located on W.T. Harris Boulevard in the Northeast quadrant quadrant, in analytic geometry quadrant. 1 In analytic geometry, one of the four regions of the plane determined by two lines, the x-axis and the y-axis. of Charlotte, in the University district, one of Charlotte's fastest growing areas. The Company has master development plans for a proposed 122 unit town-home community. The plans call for construction of 122 three-bedroom town-homes on the site. The units would be spacious two story town-homes with attached garages. Construction and sell-out Sell-Out When a broker or investor buying stocks has failed to settle the trade in a timely manner and, as a result, the broker can forcibly sell the securities on the investor's behalf. of the project is projected at three years, yielding revenues for the Company of approximately $19,000,000.The town-homes will be marketed in the $155,000 - $180,000 price range. Costs of construction and marketing are forecast to be approximately $13,500,000. Creative Holdings is a holding company for real estate ventures located in the Myrtle Beach, SC and Southern United States The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive region in the southeastern and south-central United States. areas. Stockholders and other interested parties may direct their questions to: info@creativeholdings.com. With the exception of historical information contained in this press release, this press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion