Green Machine Development Corporation Issues Corporate Update; Company Signs Two Letters of Intent to Further Expand its Real Estate Development.Business Editors/Real Estate Writers FORT PIERCE Fort Pierce, city (1990 pop. 36,830), seat of St. Lucie co., SE Fla., on Indian River (a lagoon; part of the Intracoastal Waterway); settled in the 1860s around a fort; inc. 1901 as a city. , Fla.--(BUSINESS WIRE)--Oct. 14, 2003 Green Machine Development Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GMCD) (Green Machine), today announced its continued progress toward strategic goals in the Company's business plan. Green Machine recently relocated its corporate headquarters to Fort Pierce, Florida Fort Pierce is a city in St. Lucie County, Florida, USA. It is also known as the Sunrise City, sister to San Francisco, California, the Sunset City. The population was 37,516 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 37,959. in efforts to pursue potential real estate acquisitions in exchange for a parcel that the Company presently owns, on the Intracostal Waterway (ICW ICW - Interactive CourseWare ), in Ocean Ridge, Florida Ocean Ridge is a town in Palm Beach County, Florida, United States. The population was 1,636 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 1,702. . In other corporate developments, the Board of Directors & shareholders accepted the resignation of June-Ann Fox, as Director and President on September 30, 2003. In her replacement, Executive Board Member, James L. Schmidt II, Esquire, was named President and he will remain on the board along with Jerome Sansone. The Board expects to elect a new Director in the very near future. The Company has also recently executed two letters of intent for real estate acquisitions and for the purchase of a modular home plant. Upon completion of acquiring necessary financing, the Company expects to acquire the title to said modular plant, begin the required production process and continue with additional acquirements of realty parcels throughout Florida. With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "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. " provisions of 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. 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; ability to obtain financing; market demand and acceptance of its products; the impact of changing economic conditions; business conditions in the Real Estate Development 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