SearchCore Launches Second Housing Industry Vertical with
Acquisition of ModularHomes.com
LAKE FOREST, Calif., Feb. 13, 2013 /PRNewswire/ -- SearchCore,
Inc. (OTCQX: SRER),a technology-based Internet marketing
services company that connects consumers with brands, products and
services, today announced the acquisition of www.ModularHomes.com,
marking the launch of the company's newest industry vertical:
Modular Housing. The company's portfolio of industry verticals
currently includes Recreational Sports (Sportify.com), Tattoo
(Tattoo.com), Manufactured Housing (ManufacturedHomes.com) and
Modular Housing (ModularHomes.com). Premium finder sites and apps
for each industry are being developed on SearchCore's technology
platform.
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Similar to manufactured homes, modular homes are factory built,
but the components are joined at the building site and are
regulated in the same way as site-built homes. Currently, there are
approximately 150 modular home manufacturing facilities in the U.S.
alone. In 2011, U.S. modular home and commercial construction
revenue reached $2.7 billion.
SearchCore's newest URL, www.ModularHomes.com will serve as the de
facto online destination for all constituents in this growing and
regionally diverse industry. The Modular Home site will feature
tools for both consumers and retailers from custom price quotes and
a local site contractor finder to retailer and builder directories
and profiles, including featured listings and advertising
opportunities for retailers and builders.
"With flexibility in design and customization, modular homes are
a great economical alternative to site-built homes for those who
want to save money without sacrificing quality or design
aesthetics," said Brad Nelms, Chief
Strategy Officer of SearchCore. "The modular home industry has a
broad scope of regional differences, and with www.ModularHomes.com,
consumers and modular home professionals will have one common place
to satisfy all of their needs."
Jim Pakulis, Chief Executive Officer
of SearchCore, commented, "With a combined 100 years of experience
in the modular housing industry, our management team has the
knowledge, expertise and commitment to providing this industry with
a leading information marketplace. We have again identified a
fragmented industry with a large market where we plan to be the
number one or number two finder site with
www.ModularHomes.com."
As the premium domain in the modular housing industry,
www.ModularHomes.com is expected to launch on SearchCore's proven
technology platform in the third quarter of 2013 following the
launch of www.ManufacturedHomes.com during the second quarter of
2013. Beta testing and content development for both sites is
currently underway.
About SearchCore, Inc.
SearchCore, Inc. is a technology-based Internet marketing
services company that offers customers an integrated suite of
services including media, technology, marketing and
information. Founded in 2010, SearchCore is headquartered in
Lake Forest, California. The
Company's common stock trades on the OTC Market's highest tier,
OTCQX, under the ticker symbol
"SRER." www.SearchCore.com
Safe Harbor Notice
Certain statements contained herein are "forward-looking
statements" (as defined in the Private Securities Litigation Reform
Act of 1995). SearchCore, Inc. cautions that statements made
in this news release constitute forward-looking statements and
makes no guarantee of future performance. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially
from current projections or implied results. SearchCore, Inc.
undertakes no obligation to revise these statements following the
date of this news release.
SOURCE SearchCore, Inc.