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This additional acquisition will bring the company's holdings to a total of 259.5 acres of land in the area, including natural gas rights (of which wells are currently operating) along with vast timber/logging rights, the company as always will take advantage of favorable financing terms that were offered and with more than one profit center. The new properties are located in the same area as the previously announced acquisition about ten miles from interstate 79 and are right off US 119/33 and have easy access to all major highways.
Mr. Marek also stated "It is the intent of the company to acquire land with
additional resources (assets that could be sold) that will enable the company to
pay for the land free and clear and then the company will develop said property
with huge profit margins, to this point I believe we are on the right track."
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