Just finished checking AOL message boards and came up with this release from Bloomberg:
Subject: Re: News Release
Date: Tue, Jun 23, 1998 21:49 EDT
From: Fact4
Message-id:
NEWS from Bloomberg June 23, 1998 11:31:
"ARET announced today that its subsidiary Tomahawk has been notified by Fomerrey, the Public Housing Agency for Neuve Leon, Mexico, that they are reviewing there ability to provide 10,000 residential lots to Tomahawk to be used in the development of new affordable homes in the Monterrey area. The Mexican Government and Fomerrey, the Public Housing Authority, are reviewing the regulations currently in place regarding Title Insurance and Home Mortgage
Insurance in an effort to modify them to more closely resemble those used in the US. The new regulations will enhance the ability of mortgage companies based in the US to make home loans in Mexico. The housing design will utilize affordable state of the art building products that will reduce construction time and reduce utility consumption.............."
Contact:
Dick White, Barry Denslow
913-859-9292
10,000 homes is quite an ambitious development, if signed and sealed should keep them busy for a while. Once again nothing signed, but at least they are exploring many avenues to generate income. Hopeful they can sign a few of these deals and inject some life into this stock. John |
