ST. GEORGE, Utah, Jan. 16, 2007 (PRIME NEWSWIRE) -- Ideal Financial Solutions, Inc. (Pink Sheets:IFSL) announced today the signing of an exclusive real estate contract with J&D Ash, LLC, developer of the Ashland Park (P.U.D.) Planned Unit Development and Timber Valley Construction, LLC located in Traverse City Michigan.
Under the terms of the agreement, IFSL will provide to their clients an opportunity to purchase on an exclusive basis all single family homes, town homes, timeshares and commercial buildings built by Timber Valley Construction in the Ashland Park Development with a substantial discount below appraised value. IFSL will provide their clients an opportunity to convert their equity into cash through a unique partnership between IFSL and the client. The total projected retail value of the project is estimated to be over $74 million.
"We have been working on this agreement for months and we are excited to be working with J&D Ash, LLC and Michael Ufer with Timber Valley Construction. We are equally excited to be able to offer our clients the opportunity to invest in a brand new quality custom home in a fabulous area with substantial equity and/or cash at closing," said Steven Sunyich, IFSL CEO. "On this program IFSL will partner with our clients on the purchase of these custom homes. The partnership invests the equity and uses the proceeds to help offset the cost of the mortgage. The partnership will have the option to resell the home with an extremely attractive financing program available also to those with less than perfect credit. The net result is positive cash flow for the partnership and both IFSL and its client," said Sunyich.
"Phase I is underway and we have a number of IFSL investors in the pipeline. We expect construction to begin in the next few weeks," said Michael Ufer, Timber Valley Construction's President. "From everything I've learned about Ideal Financial Solutions program, it will offer investors a way to purchase real estate, build their net worth and create positive cash flow all at the same time. The concept is simply amazing," said Ufer.
For a complete financial portfolio on this new and exciting opportunity, please contact: Ideal Financial Solutions, Inc. for more information on building your dreams for retirement.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.