BUER more news:
The Bauer Partnership Enters Into Letter of Intent to Acquire the Outlet Mall
in Sulphur Springs, Texas, for US $2.65 Million
Business Editors
NEW YORK--(BUSINESS WIRE)--March 15, 2002--The Bauer Partnership,
Inc. (OTCBB:BUER) ("BAUER"), a real estate investment company,
announced today that through one of its wholly-owned subsidiaries,
Bauer Capital Management Ltd., it has entered into a Letter of Intent
to acquire The Outlet Mall in Sulphur Springs, Texas for US
$2,650,000. The mall, located 65 miles northeast of Dallas on the I-30
has over 50 stores, and has anchor tenants including Banister, Bugle
Boy, and the VF Factory Outlet.
"The acquisition of the Outlet Mall further demonstrates our
commitment to diversify our holdings into the undervalued retail
sector," said Ronald J. Bauer, CEO of The Bauer Partnership, Inc. "We
believe that this property has significant upside potential which we
intend to realize for our investors," added Mr. Bauer.
About BAUER
BAUER is a real estate investment company that specializes in
acquiring cash-flow positive commercial real estate assets on an
international basis. BAUER fills a unique position in the market place
by offering the ability to structure and finance sophisticated
transactions in various geographies worldwide. BAUER seeks to utilize
its listed equity to acquire existing hotel and commercial real estate
assets to add significant increases in revenue and net asset value to
its financial position.
Statements contained in this release, which are not historical
facts, including statements about plans and expectations regarding
business areas and opportunities, demand and acceptance of new or
existing businesses, capital resources and future financial results
are "forward-looking" statements as contemplated by the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties, including, but not
limited to, government regulation, taxation, spending, competition,
general economic conditions and other risk factors which could cause
actual results to differ materially from those projected or implied in
the forward-looking statements. There may be other factors not
mentioned above that may cause actual results to differ materially
from any forward-looking information.
--30--LS/na*
CONTACT: The Bauer Partnership Inc., New York
Press Contact:
Investor Relations, 212/572-6276
E-mail: investor.relations@bauer-partnership.com
Web: www.bauer-partnership.com |
