SOURCE: Great Plains Holdings, Inc.
THE VILLAGES, FL--(Marketwired - Feb 20, 2014) - Great Plains Holdings, Inc. (OTCQB: GTPH) today announces that its wholly owned subsidiary, Ashland Holdings, LLC, has completed phase 1 of its project pertaining to two recently purchased adjacent parcels of land in Wildwood, Fla.
The previously announced acquisition includes approximately 0.9 acres of land, a 1,400-square-foot corporate office building, and an additional parcel of land with a manufactured home. Great Plains' intention for the properties is to occupy one or more of the five office spaces on the property and lease the remaining vacant offices to derive revenues.
Ashland has successfully completed the first phase of this plan ahead of schedule and under budget, reporting that the first tenant lease has been executed and the first tenant has moved in.
Phase 2 of this project is expected to be completed by the end of April 2014. This will allow for additional leases and cash flow for Ashland Holdings, aligned with Great Plains' overarching goal to keep zero debt while increasing income streams over the next year.
"We couldn't be more pleased with the rapid progress of our expansion strategy. Ashland Holdings has demonstrated its dedication and capability to establish and successfully execute a progressive plan of action," said Great Plains' President Denis Espinoza. "We look forward to keeping this pace as we move into the second phase in upcoming months."
About Great Plains Holdings, Inc.
Great Plains Holdings operates through two wholly owned subsidiaries: Ashland Holdings, LLC, focused on the real estate sector; and LiL Marc, Inc., maker of the "LiL Marc" training urinal for toddler boys. This diversification model enables Great Plains to achieve multiple revenue streams and consistently increase hard assets.
Ashland Holdings, LLC is engaged in the acquisition and operation of commercial real estate, including, but not limited to, self-storage facilities, apartment buildings, manufactured housing communities for senior citizens, and other income-producing properties. The subsidiary's current portfolio includes a 1,400-square-foot corporate office building; an 800-square-foot warehouse for LiL Marc operations; and two adjacent parcels of land, one of which includes a manufactured home that is rented out for additional income. Ashland and LiL Marc plan to occupy one or more of the five office spaces located in the corporate office building to accommodate expected expansion. The remaining vacant offices may be leased to tenants to create a source of revenue.
LiL Marc, Inc. is Great Plains' principal business activity. Founded in 1999, the subsidiary engages in the manufacturing and marketing of training urinals for boys in the United States. The LiL Marc boys potty training urinal looks like the full sized urinals found in public restrooms, but are manufactured on a smaller scale in proportion to the smaller size of toddlers in training. In conjunction with the roll-out of an aggressive marketing campaign for the LiL Marc product, Great Plains' management team is building a client list of retailers with brick and mortar stores and other consumer outlets to participate in the broader retail market. With advertising strategies in place, management envisions growth and widespread distribution of the LiL Marc training urinal.
Great Plains also intends to purchase privately-owned profitable businesses owned by baby boomers looking to retire. As the company continues to execute its expansion strategy and add additional subsidiaries, all potential purchases will be reviewed by management to ensure they meet very stringent requirements.
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