US National Telecom, Inc. Announces Multiple Offers on Investment Properties
15 June 2012 - 10:38PM
Marketwired
US National Telecom, Inc. (PINKSHEETS: USNL) announces that the
Company has entered into multiple contract offers to acquire
investment properties throughout Central Florida.
The offers have been made through the subsidiary of US National
Telecom, Inc. The sellers have on average 2-5 days to reply to the
offer and then the Company will decide to either counter offer or
move onto other options available. The types of properties are
zoned residential that can be leased relatively quickly and do not
require any major modifications. The locations of the properties
stretch from the Tampa Bay area to North Central Florida.
CEO Rebecca Guthrie stated, "The Company is moving forward with
its real estate acquisition plan as mentioned in its previous
announcements. The homes that we have made offers on are at least
half the price they were back in 2007. The extreme depreciation in
value means that these residential investment properties have the
ability to offer significant returns on our investment."
US National Telecom, through its subsidiary Florida Bay
Investments, Inc., plans to invest in cash flow properties in
multiple real estate markets throughout Florida. The markets that
have been targeted include Gainesville, Tampa, St. Petersburg,
Orlando, and Jacksonville, Florida. Further acquisitions in Miami,
Ft. Lauderdale, and Palm Beach, Florida are also being considered
in the due diligence currently underway.
US National Telecom is a Florida based company. It is a company
looking to acquire real estate interests that offer positive cash
flow returns. It has a website: www.usnationaltelecominc.com
Safe Harbor Statement
Information in this document constitute forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The words "forecast",
"anticipate", "estimate", "project", "intend", "expect", "should",
"believe", and similar expressions are intended to identify
forward-looking statements. These forward-looking statements
involve, and are subject to known and unknown risks, uncertainties
and other factors which could cause US National Telecom's actual
results, performance (financial or operating) or achievements to
differ from the future results, performance (financial or
operating) or achievements expressed or implied by such
forward-looking statements. The risks, uncertainties and other
factors are more fully discussed in US National Telecom's filings.
All forward-looking statements attributable to US National Telecom
herein are expressly qualified in their entirety by the
above-mentioned cautionary statement. US National Telecom disclaims
any obligation to update forward-looking statements contained in
this estimate, except as may be required by law.
For further information please contact Rebecca Guthrie 786 202
1023 email Email Contact
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