IRVINE, Calif., Aug. 29, 2006 (PRIMEZONE) -- "A year after the devastation of Katrina it's cliche to say that much remains to be done," stated SmallCap Sentinel analyst D.R. Clark. "Instead, it seems the more benevolent purpose may be in focusing on reconstruction efforts and instruments of progress."
"Some companies are rising to the occasion," stated Clark. "And despite the obvious failures of a year ago- too many indeed- a need as broad and wide as is the reconstruction of the Katrina-devastated South will take the collective effort of many."
Along these lines, Superior Development Group, Inc. (Pink Sheets:SDVG), announced yesterday that it was awarded a $45 million development contract with Gulf Coast Housing Acquisition Partners, Inc., a Special Purpose Acquisition Corporation that is focused on the rebuilding of residential properties in the Gulf Coast region devastated by hurricane Katrina.
Superior Development Group, Inc. is a multi-faceted real estate development company that primarily develops affordable single and multifamily housing communities. The company operates through subsidiaries which purchase raw land or undervalued properties, improves them and profits from the investment through development fees, sales income or rental income. In addition to prospective real estate housing opportunities Superior Development has also entered into the resort hotel and casino business with the planned acquisition of Triad Resort LLC, a Nevada Limited Liability Corporation.
The informational report, "Looking at Real Estate from a Stock Market Angle" has been made available free of charge via financial courier StockUpTicks.com at www.SmallCapSentinel.com
The report will address various real estate-related equities including Superior as well as William Lyon Homes (Pink Sheets:WLSM), M.D.C. Holdings (NYSE:MDC), and Pulte Homes, Inc. (NYSE:PHM).
A full profile on Superior Development Group is available at: http://stockupticks.com/profiles/10-14-05.html
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Statements made herein contain forward-looking statements and are subject to significant risks and uncertainties that will affect results. SmallCap Sentinel and StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect any proposed actions and cannot project its capabilities, intent, resources, or experience.
All information contained herein is based upon sources believed to be reliable but no representation is made as to accuracy or completeness. This report is neither a solicitation to buy nor offer to sell securities but is rather a paid advertisement provided for information purposes only and shouldn't be used as basis for any investment decision. MP isn't an investment advisor and this report isn't investment advice. MP has been granted 18,000 restricted shares of SDVG by the company for preparation and distribution of reports and advertising services. This constitutes a conflict of interest as to MP's ability to remain objective in its communication regarding the subject companies.