|Shares Outstanding ||11,637,877 ||a/o Sep 30, 2015 |
|Float ||2,744,376 ||a/o Mar 31, 2012 |
|Authorized Shares ||100,000,000 ||a/o Jun 5, 2015 |
ValueRich, Inc. was incorporated on July 11, 2003, we began as a financial medial company helping small cap companies raise capital and gain market exposure. ValueRich enjoyed success as a Key Player in the financial Media space for several years. In August of 2007 ValueRich went Public on the American Stock Exchange, in 2009 when the AMEX stock exchange was absorbed by the New York Stock Exchange, ValueRich was briefly trading as a NYSE Amex listed company. Today, ValueRich is listed on the OTC Markets (www.otcmarkets.com) under the symbol of VRCH. Taking into effect the recession and specifically the pressure put on micro and small cap stocks that were the lifeblood to our business model, we chose to reduce some of our overhead associated with our media business and focus on leveraging our assets to either buy or acquire a successful company. In October of 2009, we were presented with an opportunity to acquire the Tesoro Preserve Development that came available from the previous owner and lender after they were severely impacted by the downturn in the real estate market in south Florida. The purchase of the development included acquiring assets from the previous developer; among the assets purchased were 82 single-family residential lots and approximately 7 acres of commercially zoned land.
ValueRich's main business strategy is the acquisition, development, management and sale of real estate assets, located within the Tesoro Preserve Development, in Port St. Lucie, Florida.
The Tesoro Preserve Development is a private 350-acre community with 440 individual home sites in St. Lucie County, Florida. The Tesoro Preserve Development is built in and around the natural setting of the St. Lucie River and surrounding natural preserve. The Community was designed with walking nature trails, direct river access and deep-water lots with riparian rights for homeowners to build private docks behind their homes. The previous developer invested over $80 million in the acquisition, development and infrastructure, the development is complete including all utilities, sewer, cables, roadwork and signage. Included in the acquisition, ValueRich, Inc. became the master declarant or developer of the Tesoro Preserve Development and assumed control over the Property Owners Association. Our goal is to acquire an additional 150 single family lots within the Tesoro Preserve Development that are either bank owned, in foreclosure, non-performing assets or properties with unpaid Property Owners Association (POA) fees. We intend to capitalize on discounted pricing, current market conditions and the sellers desire to divest these assets by leveraging our position as developer of the project. Over the Past 18 months ValueRich has been successful in executing our strategy, we have acquired approximately (50) Fifty lots with in the development from banks and/or individual sellers. All the lots acquired are build ready and range from 40-50 feet wide and 80-150 feet deep. We believe that the replacement value on such lots including land acquisition costs and utility, roadwork infrastructure could range from $70,000 to over $120,000 per lot.
Value Rich continues to be the single largest acquirer and owner of lots within the Tesoro preserve community at this time and our goal continues to target and purchase these premium lots for pennies on the dollar.
Tesoro Preserve has changed it's name to Ravello, a beautiful place to live!
ValueRich is also in the planning stages to design, develop, and market a new community with 75 California Contemporary single-family homes under the name Villa Visconti.
- PO Box 9047
Port St Lucie, FL 34985