GOLD ROCK HOLDINGS, INC. (GRHI) Appoints President
10 January 2009 - 3:15AM
Marketwired
GOLD ROCK HOLDINGS, INC.'s (GOLD ROCK) (PINKSHEETS: GRHI) Board of
Directors today announced its decision to select Larry Bailey,
former White House official and noted Urban Specialist and
Businessman, as its President. Gold Rock Holdings and its wholly
owned subsidiaries represent over 60 years of domestic and
international construction and building projects.
Mr. Bailey brings an extensive background in development,
financing, and government entitlement programs, to support the
company's proposed strategy of assisting local governments in the
Gulf Region states with construction of 25,000 new dwelling units
over the next 10 years.
Gold Rock Holdings Inc. is poised to act as a catalyst in
jumpstarting the nation's lagging construction industry targeting
fixed income seniors, low to moderate income residents, and
returning 'baby boomers' seeking new inexpensive 'retirement'
housing.
A proposed ten (10) year program will showcase "green
construction" technologies, training and job creation as center
pieces in a public/private strategy for utilizing local manpower to
build permanent housing for residents of the region. Beginning
first in Mississippi, Mr. Bailey will spearhead a lower Mississippi
Delta region initiative involving builders and contractors working
in concert with local governments. The program is expected to
create 90,000 jobs in a 10 state region over the next several
years.
Mr. Bailey states, "Analysts cite market demands for over a
hundred thousand dwelling units in Mississippi, alone. Most are
needed by fixed and lower income residents in some 40 counties
where evidence of hurricane damage is a constant reminder that
replacement housing is high on the agenda of many Mississippi
residents."
The integration of public and private resources in housing
construction as outlined by Gold Rock Holdings offers the nation a
prototype with immediate impact and a solution to surging
unemployment in an industry and region where the housing demands
are staggering from the devastation of the hurricane seasons of
2006-2008.
For further information about this release, contact Rich Kaiser,
Investor Relations, YES INTERNATIONAL, 1-800-631-8127.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Certain forward-looking information contained
in this release contains forward-looking statements that involve
risk and uncertainties, including but not limited to, those
relating to development and expansion activities, domestic and
global conditions, and market competition.
CONTACT: GOLD ROCK HOLDINGS, INC. Rich Kaiser Yes International
800-631-8127
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