SOURCE: OTC Report

June 06, 2005 08:21 ET

Gulf West Property Development Signs Letter of Intent for Acquisition, Says the OTC Report

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC Report.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 6, 2005 -- The OTC Report recommends Gulf West Property Development, Inc. (OTC: GLWP), which announced that it has signed a binding "Letter of Intent" to acquire an assignment of assets for 730 acres of prime developmental property located fifteen miles east of Tampa, Florida with an appraised undeveloped raw land value of $32,000,000. Additionally, the land will generate approximate revenues of $1,500,000 annually for the next five years. For more information go to http://www.vlcn.com/glwp6605.htm

Other active stocks are Ameritrade Holding Corp. (NASDAQ: AMTD), LTX Corp. (NASDAQ: LTXX) and Georesources Inc. (NASDAQ: GEOI)

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