SOURCE: Jordyn Taylor Properties, Inc.

April 10, 2006 10:07 ET

Jordyn Taylor Properties, Inc. Reduces Potential Liabilities by $1.3 Million

WEST PALM BEACH, FL -- (MARKET WIRE) -- April 10, 2006 -- Jordyn Taylor Properties, Inc. (OTC: JTPI) announced today that they have reduced potential liabilities by over $1.3 Million in the past 6 months by reaching settlement agreements on leased office space, with advertising vendors, and other creditors.

Jordyn Taylor Properties, Inc.'s liabilities were tied to leased retail and office space that is unnecessary in executing the current business plan. The Company's restructuring efforts, based on cost controls, balance sheet management, and core business identification, have resulted in nine retail locations, which are profitable at the store level.

"With our balance sheet liabilities cut drastically, we felt that the balance sheet is healthy enough to begin aggressive expansion pursuits. This position has placed the business in an excellent position to pursue expansion throughout Florida to capitalize on the state's growing rental and housing market," stated William H. Luckman, CEO of Jordyn Taylor Properties, Inc.

About Jordyn Taylor Properties, Inc.

Jordyn Taylor Properties, Inc. ( is a full-service Real Estate Broker that specializes in residential Property Management. Jordyn Taylor Properties, Inc. opened its offices in 2001, and has quickly become one of South Florida's fastest-growing real estate companies, successfully operating 10 locations and having completed in excess of 35,000 real estate transactions since the company's inception in 2001.

SAFE HARBOR ACT: This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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