SearchCore's Wisdom Homes Of America, Inc. Begins Closing Sales; Increases Deal Flow; Corporate HQ Moves To Texas
21 May 2014 - 12:39AM
SearchCore, Inc. (OTCQX: SRER) announces that the
company has moved their headquarters and operations from Lake
Forest, California to Tyler, Texas, and that its wholly-owned
subsidiary, Wisdom Homes Of America, Inc., which specializes in
owning and operating manufactured home retail centers, sold its
first manufactured home since receiving its license in April.
Wisdom Homes Of America closed its first transaction last
Thursday, and has since experienced an increase in transactional
activity over the past thirty days. The company currently has over
twenty transactions that are at various stages of the manufactured
home buying experience. The company has acquired two retail
centers, and opened a third retail center in Texas over the past
ninety days. The company anticipates opening a minimum of six
locations by year end.
As a result of the performance by Wisdom Homes Of America in the
Texas market, the parent company, SearchCore, has relocated to
Texas effective immediately.
Mr. Brent Nelms, President of Wisdom Homes Of America, states,
"Our positive results in such a short period of time have been
significant. Especially since our full inventory of homes haven't
yet arrived at our multiple locations. We're starting to generate a
high volume of interest from home buyers which is a direct result
of our various marketing campaigns that really only took effect in
early May. We are now taking orders for homes before they even
arrive. And now we are starting to put numbers on the board. I'm
really looking forward to the buying season that is just about to
start."
Jim Pakulis, CEO of SearchCore, comments, "Brent and his team
are doing an outstanding job. I am amazed as to the amount of
interest that the Wisdom sales team has generated in the past sixty
days. As a result, it is only logical that we relocate to Texas
were we can have more boots on the ground as we continue to expand
Wisdom Homes of America throughout the Midwest."
About SearchCore, Inc.
SearchCore, Inc. is a technology-based Internet marketing
services company, and has expanded into owning and operating
manufactured home retail centers. Founded in 2010, SearchCore is
headquartered in Tyler, Texas. 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.
CONTACT: Company Contact
SearchCore, Inc.
(855) 266-4663
info@searchcore.com
Investor Relations Contact
Financial Profiles, Inc.
(310) 478-2700 x 30
searchcore@finprofiles.com
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