FT. LAUDERDALE, Fla., June 4 /PRNewswire-FirstCall/ -- Management of
SBD International, Inc. (OTC: SBDL) a construction services company,
announced plans for the next 18 months today.
CEO Michael Nurse noted, "In the next several months, the company plans
to press forward with its plans to make an acquisition in the heavy
construction sector. This sector has not been affected by the downturn in
the housing market, as various municipalities still have to maintain roads
and other critical infrastructure components. We are seeking to acquire
assets which enable us to pursue contracts with agencies to carry out
infrastructure projects. We expect that when we combine the revenues from
the sale in March of our successful commercial condo project in Chiefland
and the revenues from the contemplated acquisition, we can see a
significant increase in revenues this year.
"Management has also looked at a number of commercial building projects
locally and we are reexamining our options in overseas markets for the
affordable housing product we have developed over the last few years. We
are exploring funding options to make these projects a reality.
"We have also completed our internal accounting and hope to have our
audits completed so we can bring our filings current and be again listed on
the bulletin board."
SBD International is a Nevada company engaged in the business of total
site and built environment solutions. The company has refocused its core
business and concentrates on developing recycling technology. SBD also
performs construction management and general construction services. Other
services provided include the marketing and distribution of innovative
construction related and other technology products.
This press release contains "forward-looking" statements as that term
is defined by Section 27A of the Securities Act of 1933, as amended, (the
"Securities Act") and Section 21E of the Securities Exchange Act of 1934,
as amended, (the "Exchange Act"). All statements that are included in this
press release other than statements of historical fact are
"forward-looking" statements. Although SBD International believes that the
expectations reflecting in these forward-looking statements are reasonable,
it can give no assurance that such expectations will materialize. Important
factors could cause actual results to differ materially from the
expectations as disclosed herein, including without limitation, in
conjunction with these forward- looking statements contained in this press
release.
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[Via Real Estate Newswire]
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