Tyler, Texas, May 20, 2014 (GLOBE NEWSWIRE) -- SearchCore, Inc. (OTCQX: SRER) announces that the company has moved their headquarters and operations from Lake Forest, California to Tyler, Texas, and that its wholly-owned subsidiary, Wisdom Homes Of America, Inc., which specializes in owning and operating manufactured home retail centers, sold its first manufactured home since receiving its license in April.
Wisdom Homes Of America closed its first transaction last Thursday, and has since experienced an increase in transactional activity over the past thirty days. The company currently has over twenty transactions that are at various stages of the manufactured home buying experience. The company has acquired two retail centers, and opened a third retail center in Texas over the past ninety days. The company anticipates opening a minimum of six locations by year end.
As a result of the performance by Wisdom Homes Of America in the Texas market, the parent company, SearchCore, has relocated to Texas effective immediately.
Mr. Brent Nelms, President of Wisdom Homes Of America, states, "Our positive results in such a short period of time have been significant. Especially since our full inventory of homes haven't yet arrived at our multiple locations. We're starting to generate a high volume of interest from home buyers which is a direct result of our various marketing campaigns that really only took effect in early May. We are now taking orders for homes before they even arrive. And now we are starting to put numbers on the board. I'm really looking forward to the buying season that is just about to start."
Jim Pakulis, CEO of SearchCore, comments, "Brent and his team are doing an outstanding job. I am amazed as to the amount of interest that the Wisdom sales team has generated in the past sixty days. As a result, it is only logical that we relocate to Texas were we can have more boots on the ground as we continue to expand Wisdom Homes of America throughout the Midwest."
About SearchCore, Inc.
SearchCore, Inc. is a technology-based Internet marketing services company, and has expanded into owning and operating manufactured home retail centers. Founded in 2010, SearchCore is headquartered in Tyler, Texas. The Company's common stock trades on the OTC Market's highest tier, OTCQX, under the ticker symbol "SRER." www.SearchCore.com
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). SearchCore, 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. SearchCore, Inc. undertakes no obligation to revise these statements following the date of this news release.