QualityStocks would like to highlight
Great Plains Holding, Inc. (
OTCQB: GTPH). The company operates through two wholly owned subsidiaries: Ashland Holdings, LLC, focused on the real estate sector; and LiL Marc, Inc., maker of the "LiL Marc" training urinal for toddler boys. This diversification model enables Great Plains to achieve multiple revenue streams and consistently increase hard assets.
In the company’s news,
Great Plains Holdings reported that its wholly owned subsidiary, Ashland Holdings, LLC, has completed phase 1 of its project pertaining to two recently acquired properties in Wildwood, Fla.
The previously announced acquisition includes approximately 0.9 acres of land, a 1,400-square-foot corporate office building, and an additional parcel of land with a manufactured home. Great Plains plans to occupy one or more of the five office spaces on the property and lease the remaining vacant offices to derive revenues.
Ashland has successfully completed the first phase of this plan ahead of schedule and under budget, reporting that the first tenant lease has been executed and the first tenant has moved in.
Phase 2 of this project is expected to be completed by the end of April 2014. This will allow for additional leases and cash flow for Ashland Holdings, aligned with Great Plains’ overarching goal to keep zero debt while increasing income streams over the next year.
“We couldn’t be more pleased with the rapid progress of our expansion strategy. Ashland Holdings has demonstrated its dedication and capability to establish and successfully execute a progressive plan of action,” said Great Plains’ President Denis Espinoza. “We look forward to keeping this pace as we move into the second phase in upcoming months.”
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
