SOURCE: Falcon Ridge Development, Inc.

June 13, 2007 06:30 ET

Falcon Ridge Development, Inc. Is Licensed and Will Be Doing Business Through Its New Mexico Real Estate Brokerage Division

ALBUQUERQUE, NM--(Marketwire - June 13, 2007) - Falcon Ridge Development, Inc. (OTCBB: FCNR), a real estate development and home building company located in Albuquerque, New Mexico, received written approval from the New Mexico Corporation Commission of the incorporation of Falcon Ridge Realty, LLC, a wholly owned subsidiary of Falcon Ridge Development, LLC. This will allow Falcon Ridge to provide better service to its new home buyers and outside clients.

Falcon Ridge will be marketing its brokerage services to the general public as well as to Falcon Ridge home buyers and will be offering access to its web page and the virtual market place. Mr. Rick Luders is Vice President and Qualifying Broker/Manager of Falcon Ridge Realty, LLC and will oversee day to day operations for the Brokerage Division.

Falcon Ridge Development, Inc. was founded in May 2005 by Company President and CEO Fred Montaño and Falcon Ridge CFO Karen Duran.

Their community home projects are tailored to the needs of the existing community in terms of attractiveness and function; efficiency and environmental-friendliness. Their most recent project in progress is Spanish Trails, a residential subdivision of approximately 530 single-family home lots, located on the outskirts of Belen, New Mexico. Spanish Trails is designed to be an interconnected neighborhood with curved, meandering streets, landscaped jogging/walking paths, and pocket parks. As nearly as is feasible, it will be self-sustaining with its own waste water treatment plant, effluent irrigation system, power generation, and wireless communications.

"We are very excited about being able to broker real estate transactions," says Fred M. Montano, CEO, Falcon Ridge Development, Inc. "As a home grown and operated company, the agents at Falcon Ridge Realty understand the challenges that confront home buyers. As one of the very few home grown public companies, Falcon Ridge Realty will offer new and exciting ways of attracting buyers and sellers. We look forward to delivering as much quality, service and results as we have done with our homes and communities."

Contact Information

  • For more information about Falcon Ridge Development, Inc,
    please contact:
    A.S. Austin Company
    Steven Becker
    (702) 386-5379
    www.falconridgedev.com