Vision Real Estate Management & Development (fka VRMD)

[Billybob_TX]

Albany Business Review write-up also!

http://albany.bizjournals.com/albany/stories/2004/05/10/daily31.html

LATEST NEWS
2:34 PM EDT Thursday
Super 8, Golden Corral deal moves forward
Vision Real Estate Management and Development Inc. of Albany, N.Y., which had originally planned to close on a deal to acquire six companies that operate Super 8 Motel and Golden Corral Restaurant franchises in Albany and Saratoga Springs by April 25, said the deal is still on track and will be completed soon.

"We are very excited about the pending completion of the acquisition of OM Companies, and all that entails in increasing assets, revenues and earnings," said company president and CEO Donovan Rhoden, in a press release.

Company management said May 13 that the deal, which involves the purchase of six companies, collectively called the OM Companies, is in the final stages of due diligence.

The companies, Jagdamba Corp., Jagdamba Corp. II, Maha Laxmi Corp., Maha Laxmi II Corp., Ambica Corp., and Ambica II Corp., had combined revenues of more than $7.5 million in 2003.



© 2004 American City Business Journals Inc.