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Boise, Idaho--(Newsfile Corp. - July 20, 2020) - Extreme Biodiesel, Inc. (OTC PINK: XTRM), The Company's Board of Directors provides this update to shareholders and the public.
As stated in our last press release on February 20, 2020 Extreme Biodiesel, inc. announced the acquisition of North Star Homes in Boise, Idaho. This acquisition brings a great opportunity for Extreme Biodiesel, Inc. and our valued shareholders. North Star Homes fits perfectly with our vision of building a best-in-class real estate development company providing exceptional growth over the coming years. North Star Homes has a long history in the real estate business creating homes and communities of uncompromising quality in the Boise Idaho area.
Company progress for the year 2020: We look forward to a strong 3rd and 4th quarter after coming out of the Covid shutdown. We are on schedule to hit 50 homes sales in 2021 with our upcoming projects that are in planning.
North Star Homes comprises four Subdivisions: The Hickories End Subdivision had three sales in May that closed in June. Two homes are available that are priced in the low $500,000.00 This plat is in the desirable west Boise area of well established homes and only 15 minutes downtown Boise. We expect to be sold out this month.
The Jackie Lane Subdivision: We have started construction on 6 new homes close in to Boise ranging from $350,000.00 to $370,000.00 with completion expected in the fall. This is a hot price range for infill in Boise and the 1st house is already under contract with out any advertising.
The San Gorgonio Sub in Meridian: Three homes under construction in the Heart of Meridian from $429,900.00. Homes to be completed in the fall.
Cazador Subdivision in Kuna: We have joined the builder team in this plat in the fast-growing Kuna community. We will start 8 new homes starting at $375,000.00 this fall and expect completion this winter. The plat offers parks and a community pool and is close to new shopping and schools.
2021 Year ahead: We will start on a new 11 lot infill plat in west Boise with homes staring in the low $400,000.00's and expect construction of the homes to begin in the spring of 2021. We will have a huge announcement in the fall on a 214 lot starter homes plat in Caldwell with homes from the low $300,000.00's This will be a 3-year project.
Vinnie Angelos, CEO, stated "Our future is looking brighter. The company's growth is proof we are on the right track and we will continue building new, exciting and innovative houses.
Vic Devlaeminck, CFO, stated "The Company's progress has been significant so far. I look forward to having a great year 2020 with all the new developments that are happening.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company's best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Extreme Biodiesel, Inc.
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