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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gold Rock Holdings Inc (PK) | USOTC:GRHI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 20.00% | 0.06 | 0.034 | 0.06 | 0.06 | 0.06 | 0.06 | 2,006 | 14:51:14 |
The proposal, if accepted, would be a catalyst to the stimulus packages adopted by the US Government. In addition to providing flexible underwriting as a Pilot Program, the TAHG program creates 150,000 houses for sale or as rentals to low to moderate income families. In 6-12 months, the rentals would be converted to mortgaged properties in many distressed rural American communities. The four-year project would create at least 500,000 new construction jobs and would stabilize rural communities and their states with businesses that would assist states dealing with declining revenue base.
With mounting concerns in Washington that stimulus legislation is moving slowly in job creation, officials were intrigued by the "shovel ready" nature of the TAHG construction project. Its focus is to include the Gulf region of the country, Mississippi, Louisiana and Texas, where hurricanes' scars remain in the form of displaced homes and Midwestern state regions, which annually experience cyclical tornado weather patterns.
The potential for job creation was a particularly captivating feature for the elected officials as the Nation's unemployment ranks recently climbed to 9.5% in the last quarter and triggered intensified concerns about existing Stimulus Initiatives that have received funding thus far.
Subsequent discussions point to the possibility of a positive federal response to TAHG within the next 45 days, as 2009 last quarter fiscal funding will increase beginning in July 2009.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 1-800-631-8127; www.theaffordablehomesgroup.com.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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CONTACT: THE AFFORDABLE HOMES GROUP Rich Kaiser Yes International 800-631-8127
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