SOURCE: Wisdom Homes of America, Inc.

Wisdom Homes of America, Inc.

June 02, 2015 10:39 ET

Wisdom Homes of America Reiterates Mission Statement and Provides Update for 2015

TYLER, TX--(Marketwired - Jun 2, 2015) - Wisdom Homes of America, Inc. ("Wisdom Homes" or the "Company") (OTCQB: WOFA), an owner and operator of manufactured homes retail centers, has positioned itself to provide homebuyers the opportunity to purchase quality, affordable manufactured homes from our retail locations in Texas.

"Wisdom Homes' mission is to promote home ownership in America by offering high quality, affordable housing to the general public. We strive to provide our home buyers with consistently exceptional customer service, both during and after the home buying experience," stated Mr. Jim Pakulis, CEO of Wisdom Homes of America, Inc.

"Our objective is to generate revenue through three models: retail sales; residential subdivision sales; and home mortgage origination. Phase one of our model is opening 30 manufactured home retail centers. We began this phase approximately 12 months ago and are making strong progress. We plan on opening our next retail center in Sherman, TX in July. We intend to locate our retail centers near subdivisions or clusters of residential lots in which Wisdom Homes has an ownership interest in order to facilitate land/home package sales. Just as importantly, we plan to offer mortgage services to assist prospective home buyers with their purchase of either a manufactured home or a complete land/home package, creating another revenue stream for the Company," continued Mr. Pakulis. 

"2015 will be our first full year selling manufactured homes at the retail level. We are on track for, and anticipate generating, approximately $4 million in annual revenue in 2015, as compared to approximately $1 million in revenue generated during the second half of 2014. Our immediate goals include developing our Sherman, TX land/home packages, where a manufactured home is affixed onto an existing lot. This will create an additional revenue stream outside of our retail center model for Wisdom Homes. We also anticipate increasing our $2 million inventory credit facility. Additionally, we have begun offering home insurance to our clients and recently started generating revenue from those sales," concluded Mr. Pakulis.

"The Texas weather so far this year has had an impact on operations, but we continue to sell houses and grow the Company," stated Wisdom Homes of America President, Mr. Brent Nelms. "By year end, we anticipate being involved in at least 2 more land/home subdivisions, which will allow us to continue to expand the Company and provide quality, affordable homes to our prospective home buyers."

About Wisdom Homes of America, Inc.
Wisdom Homes of America, Inc. is a manufactured housing retail center owner and operator. Wisdom Homes is headquartered in Tyler, Texas. The Company's common stock trades on the OTCQB, under the ticker symbol "WOFA". More information about Wisdom Homes can be found at http://wisdomhomesofamerica.com.

Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Wisdom Homes of America, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Wisdom Homes of America, Inc. undertakes no obligation to revise these statements following the date of this news release.

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