MIAMI, FL --(Marketwired - February 14, 2014) - Development Capital Corp (OTCQB: DLPM) (www.developmentcapital.com, the "Company") is pleased to announce that it is launching free public access to the beta version of RealtyValuator (RV) at RealtyValuator.com/beta. This application is the Company's first in-house developed application that offers insights into online auctions in the government foreclosure system. This data assists prospective real estate investors in evaluating their potential return rates before they invest in residential units.
RV allows prospective real estate investors to search for available properties within a specific region in real time. Real estate investors will be able to assess accurately the variance between the list price and property valuation. Users will be enabled to forecast various cost & return rate scenarios associated with purchasing, renovating, and leasing each property based on current market data. Ultimately, RV gives a real estate investor similar or better tools than what current real estate investment firms are using to analyze the market. This beta release will initially only be applicable to the Florida market, however, the Company plans to expand into other states.
Joseph Ricard, President of DLPM and the developer of RealtyValuator.com, said of the application's launch: "The application is amazing. I saw a house in Pensacola, Florida, sell for 50 percent of the valuation price. Everyone who has now seen the beta version is excited to see the new features as they roll out. I know this is just the beginning, and I have so many other markets to expand too."
The company has updated its landing page, which allows visitors to sign up for an e-mail alert for the official launch, or they are provided with a link that allows potential real estate investors to click over and view the beta version of RealtyValuator today.
Customizable selection of real estate zones
Comprehensive housing data
Tools for analysis
Local foreclosure information and rental rates
Property updates and alerts
Outstanding loan amounts and positions on foreclosure properties
Default amounts, auction updates, owner names and lender names
Sales history and property characteristics for 22 counties in Florida
Judgement information along with the case number
About Development Capital Group, Inc.
Development Capital Group, Inc. (OTCQB: DLPM) develops businesses and technologies with significant potential for growth and customer acquisition. The company analyzes market trends seeking opportunities to develop innovative technologies that capitalize on antiquated or under-serviced sectors. The first internal application RealtyValuator.com is in private beta analyzing real estate auction data in Florida.
For more information visit DevelopmentCapital.com
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Safe Harbor Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect the Company's financial results are included in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.