AARD Announces 3rd Quarter Consolidated Revenues of $1,088,071, Profitability and Increased Cash


DENVER, Nov. 16, 2004 (PRIMEZONE) -- Across America Real Estate Development (Pink Sheets:AARD) announced revenues for its fiscal 2004 third quarter of $1,088,071 and a profitable nine months ending September 30, 2004. AARD is a national, publicly traded company that is a co-developer and investor partner focusing on 100 percent financing of build to suit projects. The Company also provides funding for those transactions where a bank requires developer equity.

Net income for the third quarter of 2004 was $76,488 or a basic and diluted profit of less than one cent per share. This compares to the third quarter of 2003 where the Company reported no revenue and a loss of $11,023 or a basic and diluted loss of less than one cent per share for the quarter.

For the nine months ending September 30, 2004, the Company reported consolidated revenues of $1,787,667 and realized net income and a profit of $84,511 or one cent per share.

Alex Lagerborg, President and Chief Executive Officer of the Company stated, "The Company again is pleased to announce profitability for the quarter and nine months ending September 30, 2004. We are also pleased that our cash position has increased through the third quarter. Our transaction pipeline is growing. We anticipate that this growing pipeline will contribute to our financial performance starting in the first quarter of 2005. We continue to manage our cost carefully. However, we believe that the Company's positive operating results and improving balance sheet provide affirmation of the Company's growth strategy. The challenge in the coming quarters is to balance the Company's growth with necessary overhead to meet business demand. We continue to move toward a goal of sustained profitability and seek to provide the best in class build to suit equity financing to our developer partners."

About Across America Real Estate Development

Based in Denver, Colorado, Across America Real Estate Development (Pink Sheets:AARD) is a national, publicly traded company that is an investor partner to real estate developers focusing on 100% financing of build to suit projects and also providing financing for those transactions where a bank requires developer equity. For more information visit our website www.aard.us

This press release can also contain certain information about AARD's business prospects and financial projections. These are only prospects and projections based upon good faith current expectations of the management of AARD. This information is based on assumptions as to future events that are inherently uncertain and subjective. AARD makes no representation or warranty as to the attainability of such assumptions or as to whether future results will occur as projected. You are expected to conduct your own investigation with regard to AARD and its prospects.

Additional information can be found at the Company's web site at www.aard.us. Copies may also be obtained by contacting Across America's offices at 303-468-3974. The company assumes no obligation to update the information in this press release.



            

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