latest news releases from the newsroom
Axiometrics Inc.: How NOT to be Taken in an Apartment Acquisition
DALLAS, May 6, 2005 (PRIMEZONE) -- Axiometrics Inc.: With competition to buy apartment properties at feverish levels and bid and due diligence periods shorter than ever, we can help expedite a buyer's analysis of these opportunities. For a client evaluating a portfolio of apartment properties in Atlanta, we were able to point how the seller had lowered rental rates drastically six-months prior to the offering to lift the portfolio's occupancy closer to 95% at the offering date. Once the portfolio was at 95% occupancy, the seller raised rental rates dramatically and sent the offering memorandum out. The offering required bids in two weeks, a large non-refundable deposit to be immediately posted by the winning bidder and closing in thirty days. With this tight schedule, there was not enough time to see if the properties in the portfolio could sign new leases at the much higher rental rates. Prior to even submitting a bid, we were able to inform our client of the seller's actions and our client passed on submitting a bid. This saved our client thousands of dollars in due diligence costs.
Megola Inc. Launches New Product Trial With BuyMax, LLC
CORUNNA, Ontario, May 6, 2005 (PRIMEZONE) -- Megola Inc. (OTCBB:MGOA), a leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announced that it has initiated a new product trial with BuyMax, LLC, to introduce Megola's recently acquired ultraviolet (UV) water disinfection systems.