Cross Street Distribution, Inc. Announces Merger with Global Real Estate Equity, Inc.HOUSTON -- Today it was announced that Cross Street Distribution, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PK:CSDN CSDN Circuit Switched Data Network (ITU) CSDN Cisco Self Defending Network ) has reached a final agreement. A merger of Global Real Estate Equity, Inc., will occur on or before May 30, 2005. The merger is expected to create a strong asset base, and multi-million dollar revenue stream for the company. Cross Street Distribution is a former entertainment distribution concern. CSDN has embarked on a new set of initiatives that will create real value for its share holders. The current management team is stepping down and a new energetic, experienced group of Real Estate professionals are bringing a unique and profitable business strategy to CSDN. About Global Real Estate Equity, Inc. Global Real Estate Equity, Inc. is a Real Estate company specializing in marketing for purchase of Real Estate properties under market value. The company offers a unique method of acquiring distressed properties. Global has an unparalleled system by which all investment properties can be sold within ninety days. Global Real Estate Equity, Inc. is created as a Nevada Corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , owned by its principal investors and principal operators. Houston will be the target area for initial business plan implementation. This strong economic metropolitan city is a thriving market in the Real Estate industry. Global Real Estate Equity, Inc. will be able to be a major contender in its target markets. Global, if necessary, will be able to resale property at below the edge of what the market will bear, ensuring quick turn-around and constant cash flow. Global will dominate the market providing high-level expertise. Sales estimates projected of approximately $5,000,000 in the first year, and $10,000,000 by year 3. Within the Southern region of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Global plans to target its markets, Global will focus on residential housing ranging in price from $100,000 to $500,000 and some focus on commercial strip centers. The secondary target will be multi unit housing complexes. One of Global's challenges will be establishing itself as a leading Real Estate investment company. The company's founders are former Real Estate brokers and Investors in all target markets. They are founding Global Real Estate Equity, Inc. to formalize the Real Estate expertise they offer. Global will be managed by working partners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, other than the statements of historical facts may be deemed to contain 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. with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the company to manage its operations. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion