Palomar Enterprises Increases Revenue 70% as the Foreclosure Market Heats Up
Tuesday March 20, 2:27 pm ET
CARLSBAD, Calif., March 20 /PRNewswire-FirstCall/ -- Palomar Enterprises (OTC Bulletin Board: PLMA - News) expects to record a 70% increase in revenue from first quarter, 2006 to first quarter, 2007. The increase in revenue is reflective of the shift in The Company's business model, to take advantage of the increasing Foreclosure Market. Palomar Enterprises is staying ahead of the real estate cycle by actively pursuing residential foreclosures throughout the United States, which can be purchased at 30% to 40% below market value. The Company increases the value of these homes by providing cosmetic improvements and in some cases, increasing the square footage of the property. These properties are then placed on the market and sold at a profit.
Palomar Enterprises is a licensed Real Estate Brokerage and Mortgage Lending Firm, specializing in Coastal Development Projects and the increasing Foreclosure Market. The Company is on pace to record the best year in its history, in terms of revenue growth and assets.
