Tyler, Texas, Aug. 8, 2014 (GLOBE NEWSWIRE) -- SearchCore, Inc. (OTCQB: SRER) a manufactured housing retail center owner and operator that operates its retail centers through its wholly-owned subsidiary Wisdom Homes Of America, Inc., announces that it has recently signed a lease in anticipation of opening its 4th manufactured retail center in Texas.
The 4th Wisdom Homes Of America retail center will be in Mount Pleasant, Texas, which is the largest city in Titus County in Northeast Texas. The Mount Pleasant retail center encompasses approximately 3 acres which can accommodate up to approximately 30 manufactured homes. In addition, utilities have been installed on the lot which accommodates electrical power in up to 13 model homes. The Mount Pleasant retail center will allow us to advertise and market to the Interstate Highway 30 (I-30) corridor from Dallas, TX to Little Rock, AR, and from Southeast Oklahoma through Western Louisiana. The Company will also utilize this facility for increased inventory storage needs for its Tyler, Texas retail center located approximately one hour from Mount Pleasant.
The Company announces the arrival of 13 new manufactured homes to its inventory with an additional 15 manufactured homes on order which are expected to begin arriving in early September.
Mr. Brent Nelms, President of Wisdom Homes Of America, states, "The overall demographics of the Mount Pleasant region falls perfectly in line with our retail center criteria. This primarily includes being centrally located on a major thoroughfare, in a high traffic working community, and having significant space to expand. Mount Pleasant also gives us the opportunity to cross-market the Wisdom Homes brand through regional advertising that we believe will simultaneously benefit both our Mount Pleasant and Tyler locations. And we are pleased that our retail centers are getting the volume of consumer interest that we originally anticipated. Our traffic increase at all three locations is a direct result of our marketing campaign and an increased number of model homes at our retail centers."
About SearchCore, Inc.
SearchCore, Inc., founded in 2010, is a manufactured housing retail center owner and operator. The company is headquartered in Tyler, Texas. The Company's common stock trades on the OTCQB, under the ticker symbol "SRER."
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.
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