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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Advanced Lighting Solution (CE) | USOTC:AVLS | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
Tuesday of this week Advanced Lighting Solutions was contacted by Crystal Hardison, a representative from a Michigan bank as well as the active agent for a few homes in the offer, asking for permission to present the company with a bulk REO offer. "The offer was for 17 properties located in a few states including Michigan, Ohio, and South Carolina. Due to the fact of the offer being a bulk REO package, the properties' discounted prices range from 2,500 dollars to 85,000 dollars. Inclusively, the total asking price for the 17 properties was 193,800 dollars, with the estimated Market value at 997,462 dollars. We are very excited to begin the Due Diligence on the deal, and explore investment options from there. As our investors know, the company is very opt to jump at an 80% discount opportunity, and will present a POF to the concerning bank by the end of this week."
"The company has begun negotiating a multi-deal consisting of a 31 property REO investment opportunity in Kansas City, MO. The advantages of this particular agreement are endless, as there is no bottom bid for the buyout, and no offers have been made to this point. If the company continues to show interest in the deal, our offer of $666,531 will be negotiated down to $580,000, which can easily see a return of $800,000. The company does not have the funding to pursue every option encountered and is not straying from our current negotiations with the MacGregor CDC, but at the end of the day the most important thing is the biggest return for the invested principal, whatever that may be, we have decisions to make," Mr. Matthews continues.
We want to update shareholders on our Goldsmith Manor property (listing price is $995,000). One of the two interested parties is rethinking its investment approach while the second party interested has placed an offer to Advanced Lightings strongly indicating a possible purchase and close by the end of August. The company will continue to market this home and hope that they can find additional persons of interest in the coming weeks if the current offer isn't accepted.
Additionally, the Company has acquired a current DTCC Security Position Report last week showing 3,069,648 shares in the public float. After a meeting held on Monday of last week, Advanced Lighting Solutions' board of directors has voted and confirmed not to raise the authorized amount of shares in its domicile. The current DTCC report can be found on the company's website located at http://advancedlightingsolutions.biz
Please continue to keep Admin Officer James Morgan in your thoughts and prayers this week as he will be out of office and in the hospital to undergo emergency surgery scheduled for mid week. He will return to his office when ready, but the main concern for the company is that he gets the rest he needs to continue being the great asset that he is.
We anxiously await the release of more company updates in the coming days pertaining to very important current events happening with the company and our associates.
About Advanced Lighting Solutions
Advanced Lighting Solutions, Inc. is a corporation domiciled in the state of Wyoming, capitalized by our 140 and growing investors. A collective of Houston's finest Contractors, Builders, and Real Estate Experts united to make the smartest investment decisions possible. Conjoining developing with higher end properties and Complete construction with strategic lower income development properties to secure worthwhile returns for investors across the board. We aspire to take the largest possible advantage of the poor state of the real estate market through foreclosures, REOs, and short sales, Advanced Lighting Solutions will become the largest company of its kind in its center of business, Houston, Texas. Additionally, Advanced Lighting Solutions, Inc.'s ongoing concern is to provide a team of experts in the areas of green and energy efficient technology for both residential and commercial use. Intuitively merging green ideas into development properties. To create jobs, as well as build and provide safe, affordable, energy efficient residential and commercial investments for the public. Create and maintain substantial returns for our investors and our company.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
Company Contact: Aaron Matthews CEO Advanced Lighting Solutions, Inc. Email Contact
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