HOLLYWOOD, Fla., Sept. 7, 2004 (PRIMEZONE) -- Jay Patel, CEO and COO of Senticore, Inc. (OTCBB:SNIO), a growing diversified holding company, has reported on the latest company developments in an interview broadcast over the World Talk Radio Network. The full interview, conducted by research analyst Francis Gaskins, is available at http://mmslb.eonstreams.com/gaskins/snio-jay.wma
In the interview, Patel notes that the company's goal 18 months ago was to make the company a real estate holding company providing stability for shareholders. But, he said, such a singular focus can often be highly profitable but not exciting. A year later, he said, the company's venture into timber in Costa Rica and Venezuela reflected a common strategy -- asset based land with more than 80,000 acres of high value plantation timber to be harvested and exported internationally, with revenues substantially higher than originally acquired.
He points out that the timber properties are already fulfilling contracts, and the company expects in the next month to have a U.S. GAAP standards audit completed that will place an estimated $60 million in assets on the company's balance sheet, with no debt on these assets.
The potential of these two properties, he said, is for timber that is harvested and can be replaced over a seven-year life cycle, providing continuing resources for both its Melina wood and its Caribbean pine products. He said the company is now well positioned in the timber industry, with a combination of timber and sawmills that will allow the company to offer a full range of export timber products utilizing both soft woods and semi-hardwoods.
Patel also discusses the company's participation in South Florida real estate developments, providing affordable housing for active senior citizens in the range of $105,000 to $120,000, primarily in the growing Sebring area.
At the conclusion of the discussion, Patel said in a near-term future interview he would further discuss the company's new Detroit Gladiators franchise as part of the new World Hockey Association. Further information can be seen at http://www.senticore.com and on its sport team's website at http://www.detroitgladiators.com
Barrow Street Research recently issued an initial speculative buy recommendation on Senticore that can be reviewed at http://www.barrowstreet.com, and reiterated its thoughts in an interview also broadcast over the World Talk Radio Network. The full interview is available at http://www.worldtalkradio.com/archive.asp?aid=2306. In it, Barrow Street chief research analyst John Attalienti reasserts his sense that Senticore is a very unique company. He notes that, "You don't often come across a microcap company that is really in the process of becoming a diversified holding company...with management that has a good wrap-around background," to execute its business plan.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.