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June 12, 2007 - 10:52 AM EDT
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GOIH 0.007 0.0004
Today 5d 1m 3m 1y 5y 10y
Global 1 Completes Second Step to Become an International Operational Institutional Investor: Global Real Estate Investment Company IPO
Global 1 Investment Holdings Corporation (OTCBB:GOIH), www.global1inc.com discusses strategic initiatives, acquisition plans, funding and growth ideas.
Step Two Completion - Global Real Estate Investment Company IPO:
We have completed the steps necessary to register our first IPO for trading on Form S-11 $50 million in shares to be priced at $3.00 per share for G1 Global Real Estate Investment Company (“GREIC”). GREIC will not be a penny stock and can be purchased by institutional investors.
We will seek a listing on NASDAQ, and other global exchanges. We believe this company creates tremendous short term trading and long term shareholder value.
Business Model of GREIC:
The business model of GREIC has been developed as follows. The company has three operating units: acquisitions, mortgage financing and, securitizations. The acquisitions unit will be capitalized with $5 million of the IPO proceeds, the mortgage financing unit will receive $10 million and the securitization unit will receive $30 million with $5 million for working capital.
Operations:
GREIC will purchase residential real estate in bulk initially in the Southeast USA at a discount to market of 30-40%. In what we believe is the first use of a new technique, the repositioned assets will be marketed to home buyers with stapled financing, i.e., an assumable mortgage for 92-95% of the purchase price will have already been arranged for qualified buyers by our mortgage financing unit and selected by our external counterparty unit G1 Structure Credit Corporation for securitization.
Profitability of Operations:
Using stapled financing provided by our mortgage financing unit we believe we can close on average 20-25 properties per month with an average profit margin of $35,000 per unit.
Franchising of Business Model:
Once we have perfected the operations of the business model, we intend to offer franchises for sale in thirty (30) states. The franchising will allow us to negotiate bulk purchases with greater discounts and to provide the staple financing at lower interest rates to qualified buyers. We believe that over a 24-36 month interval we can create a system that has the capacity to acquire, finance and market 200-300 properties per month with an average profit margin to the operating company of $20,000-25,000 per unit.
Summary:
Last week we announced the Global Institutional Investors Private Equity Program.
We have created a rights offering program where a shareholder of any pink sheet, OTCBB, NASDAQ, or NYSE company by purchasing 300,000 shares of GOIH, and holding for six months, is eligible to purchase up to $75,000 of pre-IPO shares at a 25% discount in any company we IPO from our portfolio of private equity investments for a period of two (2) years. The shares of GREIC are eligible for the 25% discount as our first IPO from the Private Equity Fund.
FAQs:
1. Where can the shares of GOIH be purchased?
A. The shares of GOIH can be purchased from the following brokers: Terra Nova Trading, Noble Trading, Mytrack Trading, Charles Schwab Trading and any of the large brokers.
Disclaimer: This disclaimer is incorporated by reference as if fully set forth herein in this as well as all media releases on GOIH behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control. The risk factors contained in our public filings are incorporated by reference into this media release. An investment in GOIH is speculative and market forces beyond the company’s control can have an adverse effect on an investment in GOIH.
Global 1 Investment Holdings Corporation
Barry Thomas, 404-222-7344
investor_relations@mindspring.com
Source: Business Wire (June 12, 2007 - 10:52 AM EDT)
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