WASHINGTON, April 18, 2006 (PRIMEZONE) -- Syndication (OTCBB:SYDI) today stated, "In the First Quarter of 2006 the company took steps to stream line its name branding and changed the name of its subsidiary to 'Syndicated Properties' from HTRG & Associates as well as the parent company's banner to 'Syndication' from syndication net. com inc. As stated in earlier releases, Syndication and now Syndicated Properties planned to use the revenues from Syndicated Properties' core appraisal business to research and, leverage equity and or debt financing, to complete real estate development projects which have been identified to foster greater potential for income and asset production. As planned, the company intends to use the million dollar plus financing to close on its first real estate project of scale. Syndication is executing its plan," said Brian Sorrentino, CEO for Syndication.
About Syndication
Syndication, a Delaware corporation based in Washington, D.C., is a consulting company formed to acquire, create and provide financial, management and technical support to development-stage, e-commerce and traditional brick-and-mortar businesses. In addition, Syndication Net further assists target companies in various capacities including the development and implementation of business models that capitalize on the Internet's ability to provide solutions to traditional companies, building corporate infrastructure, managing rapid growth, evaluating and negotiating corporate transactions and providing advice relating to corporate finance, financial reporting and accounting operations.
This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.