Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DRGI (Diversified Resources Group) -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (701)	8/4/1999 8:27:00 AM
From: Maryann M	Read Replies (2) \| Respond to of 818

NEWS !! Diversified Resources Group, Inc. Signs Letter of Commitment with Major National Builder Business Wire - August 04, 1999 08:17 SARASOTA, Fla.--(BUSINESS WIRE)--Aug. 4, 1999--DRG, Inc., d/b/a Diversified Resources Group, Inc., (NASDAQ OTC BB: "DRGI"), a Sarasota, Florida based company, announced today that Westminster Homes, a division of Washington Homes, Inc. (NYSE: "WHI") has signed a Letter of Commitment to purchase 300 single family and multi-family building lots in DRGI's Falls River Development in North Raleigh, North Carolina. The purchase, valued in excess of $15,000,000, will allow Westminster Homes to be a key builder within the Falls River project. Westminster Home's parent company, Washington Homes, Inc., established in 1964, has been one of the mid-Atlantic's largest, most respected, and best capitalized builders. Washington Homes has been consistently ranked among the Nation's top 50 homebuilders, and is listed on the New York Stock Exchange. "This Agreement provides DRGI with Westminster Home's considerable expertise and top quality reputation in the building industry for its Falls River project", stated Mr. Mike Matheny, Director of DRGI's Real Estate Division. This press release shall not constitute an offer to sell securities under an exemption from registration pursuant to Regulation D, Rule 504 of the Securities and Exchange Commission. Statements regarding the company's expectations about new and exciting products, future financial performance and other forward looking statements are subject to various risks and uncertainties, including, without limitation, demand and acceptance of new and exciting products, technological advances and product obsolescence, competitive factors and the availability of capital to finance growth. CONTACT: Diversified Resources Group Inc., Sarasota Carl Smith, III, 941/923-1949 Log on to www.diversified-resources.com