NEW YORK, NY--(Marketwired - Oct 29, 2013) - Profitable Developments, Inc. (OTC Pink: PRDL), a Property Development Company, today announced that it has agreed to sign up specialist Global Real Estate Company Crystal Investment & Real Estate Limited, based out of Europe.
Crystal has over $10m worth of real estate on its books and was picked as the partner of choice by Profitable Developments because of its global reach. The Company has exclusive access to both prime land and property in Asia, Europe, South America and the USA.
President of Profitable Developments, Carl Grant, made the trip to meet Managing Director of Crystal, Luke Smith, recently and agreed the partnership and spent the day hand picking the right projects for the Company to invest in.
Carl Grant had this to say when sealing the deal "Crystal has the right mix of prime land, social housing and bond investment vehicles that we were after. They complement our blend perfectly with the level of risk & reward that the Board of PRDL are looking for. This is a great partnership that will result in an aggressive acquisition strategy of global real estate."
PRDL recently announced that it had already signed a Letter of Intent to acquire Prime, Water Front Land in Coral Cove, Florida. The Company outlined how this fit with their strategy that was announced publically earlier in Sept and is available as a 'Letter from the President' in the News Section of their website.
About Profitable Developments, Inc.
Profitable Developments, Inc. is Property Development Company listed on the OTC markets as a Current Information company. Specializing key locations globally in both underprice land as well as in Property, the Company has an aggressive strategy to capitalize on the rising prices of Real Estate.
This press release may contain forward-looking statements, including information about management's view of Profitable Developments, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Profitable Developments, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Profitable Developments' future results. The forward-looking statements included in this press release are made only as of the date hereof. Profitable Developments cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Profitable Developments undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Profitable Developments.