. The Company plans to create an integrated system that will focus on providing housing to Native Americans.
The Company's goal is to position itself to provide residential construction and lending services to Native Americans throughout the country. On August 6, 1998, the Company took a large step in this direction through the acquisition of First American Mortgage Company ("FAMC"). (For more information on the FAMC transaction, see the Company's 8-K filed on August 19, 1998). FAMC is a mortgage company whose focus is to provide financing to Native Americans. FAMC has already implemented its first pilot program with the Chicksaw Nation in Oklahoma that has allowed FAMC to secure Ten Million dollars ($10,000,000) in mortgage funding. FAMC is currently in negotiations to obtain additional mortgage funding through three additional Indian Nations in Oklahoma. In addition, the Company has plans to acquire Cottonwood Development of K.C., Inc. ("Cottonwood") whose primary line of busines will be the manufacture structural insulated panels ("SIPs"). SIPs an alternative to wood source or other conventional building materials in residential and commercial construction. The advantages of SIPs are ease of construction, better insulation, industry wide recognition for their resistance to lateral loads generated by earthquakes and high winds. The Company has already begun negotiations with the Chicksaw Nation to form a joint venture to
assist Cottonwood with its plans. Cottonwood is in the preliminary
stages of obtaining financing through private stock placements.
The Company believes that the acquisition of FAMC and the potential acquisition of Cottonwood will provide the necessary resources that will allow Tomahawk to secure construction projects through the utilization of FAMC as a potential financing source and Cottonwood as a reduced cost material source. The Company's management believes that these three resources will allow it to better cater to its niche market, Native Americans. The Company's management further believes that it will be able to provide a superior product at lower cost which will allow the Company to expand its market focus outside of the Native American communities.
The Company intends to implement its plans to construct and subsequently operate a Hydroponic facilities.
The Company through Tomahawk intends to construct a hydroponics facility and operate it through a Hydroponics Division ("HDC"). The Company believes that this venture will provide some diversity to the Company's overall plan of operation. The Company is in possession of construction plans that will allow it to build a unique hydroponics facility. The facility will utilize nexus
greenhouse structures that are a computerized system that monitors the growingany of vine crops to include tomatoes, peppers, English cucumbers and lettuce.
The Company has conducted a feasibility study and a pro forma balance sheets which show that the venture could be profitable. The Company is in the initial stages of obtaining financing. |
