ProCore Announces New Investment.DETROIT -- ProCore (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PCRG) announces Bereishis Investment Group (B.I.G.) has made an investment in the company of $330,000. This investment is the first of a series of investments B.I.G. intends to make into ProCore to further promote the business model the company is employing. "This is the second financial commitment and funding that we have received over the last couple of months. It is great to have investors who believe in our unique business model and are excited about participating in its success. This investment will allow ProCore to open the doors on its new order, processing, fulfillment and customer relations contact center in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. , which is scheduled to open February 1, 2005," says George Csatary, ProCore Interim Chairman. Separately the Company has moved its headquarters to 26500 Northwestern Hwy, Southfield, Michigan in what is known as the LoanGiant Bldg. About ProCoreGroup, Inc. Located in University Heights, Ohio University Heights is a city in Cuyahoga County, Ohio, United States. It borders Beachwood to the east, Cleveland Heights to the west, South Euclid to the north and Shaker Heights to the south. The population was 14,146 at the 2000 census. , ProCoreGroup, Inc. conducts business as a merger and acquisition oriented holding company that focuses on undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. assets which will positively impact minority communities with goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. at fair and honest prices instead of predatory prices. The goal of the Company's management is to identify existing minority owned or based businesses, products and/or services that have potential to generate greater revenues and earnings through efficiencies that can be implemented as a result of restructuring, infusion of stronger management and/or through the marketing efforts of the Company. ProCore trades under the symbol "PCRG" on the OTCBB stock exchange. About B.I.G.: B.I.G. is a Southfield, Michigan based investment fund that seeks out innovative companies involved in the real estate arena. The objective of B.I.G. is to provide its members a vehicle for investment in real estate and real estate related public companies. Regarding 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 : Except for historical information contained herein, this press release contains 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. that involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements due to a number of factors and risks detailed from time to time in statements and reports that the company has filed or may file with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made pursuant to 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 of 1995. |
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