Corporate Profile for Tri-National Development Corp., dated Sept. 22, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 22, 2000
Company Name: Tri-National Development Corp.
Address: 480 Camino Del Rio S., Suite 140
San Diego, Calif. 92108
Main Telephone
Number: 619/718-6370
Internet Home
Page Address
(URL) www.tri-national.com
Chief Executive
Officer: Michael A. Sunstein
Chief Financial
Officer: Gilbert Fuentes
Investor Relations
Contact: Jason Sunstein
Business number: 619/718-6370
E-mail address: jason@aonc.com
Industry: Real estate development
Trading Symbol/
Exchange: TNAV
Company description: Tri-National Development Corp. is a multi-faceted international real estate development, sales and management company. The Company's development efforts are focused in four major areas: residential development, resort properties, commercial development and, indirectly through a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , senior and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities. The Company's projects include current and planned developments in Mexico and the United States Relations between the United States and Mexico are among the most important and complex that each nation maintains. They are shaped by a mixture of mutual interests, shared problems, and growing interdependence. , with a primary focus on large scale, multi-use projects in Northern Baja California Baja California, state, Mexico Baja California (Span.: bä`hä kälēfōr`nyä), state (1990 pop. 1,660,855), 27,628 sq mi (71,576 sq km), NW Mexico, on the Baja California peninsula. Mexicali is the capital. , Mexico. The Company started buying property in 1991 some 50 miles south of the San Diego border, in a region known as the "Gold Coast", the stretch of land in between Tijuana and Ensenada. Since that time, there has been an enormous amount of development in the area, and the Company's property has seen dramatic appreciation. Since then, the Company has significantly added to its real estate holdings in this region through options and purchases of numerous projects, utilizing its long standing relationships and reputation to purchase quality properties at significant values. This allows the Company to become a major force in the ongoing development of this rapidly growing region. The Company is also actively pursuing, through a majority-owned subsidiary, the development of assisted living facilities, primarily in the S.W. United States, to meet the growing need for well-person care for aging baby boomers. The Company sees significant potential synergy between the Baja developments and the assisted living division as the Company works with strategic partners to bring U.S. quality medical care to Baja, thereby allowing the provision of assisted living facilities at a greatly reduced cost relative to similar U.S. properties. The Company is Wyoming corporation and is publicly traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB under the symbol "TNAV" and under the symbol "TND TND In currencies, this is the abbreviation for the Tunisian Dinar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. " on the Hamburg Stock Exchange and the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . The Company maintains its executive offices in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. at 480 Camino Del Rio S., Suite 140 and its telephone number is 619/718-6370. |
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