Tyler, Texas, Sept. 10, 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 consulting agreement with Cicero Consulting Group, LLC. Cicero will assist management with strategic growth including identifying and negotiating with potential merger and acquisition candidates and evaluating potential public market opportunities. They will also advise management on any additional operational or strategic decisions as needed.
Joe Abrams, Managing Member of Cicero Consulting Group, has deep experience in helping early-stage, publicly held companies reach the next phase of growth. In 1999, he co-founded Intermix, the parent company of social networking leader MySpace. In 2005, Intermix was sold to News Corp. for $580 million. In addition, Mr. Abrams was a founder of The Software Toolworks, which ultimately sold in 1994 to Pearson, PLC for $462 million. "At Cicero Consulting Group, we look for early stage companies, with strategies and business practices that can transform a buyer's experience," Stated Joe Abrams. "We believe management at Wisdom Homes Of America is doing just that in the manufactured housing industry, which is a multi-billion dollar industry that's going through an unprecedented transformation. Manufactured homes are now comparable to traditional stick built homes as far as quality, structure, aesthetics and design. Yet, they're considerably less expensive to purchase. We think we can provide significant added value to Wisdom Homes' existing business model as well as the possibility of expanding into a much larger real estate position and funding opportunities."
"We're extremely excited to be working with Joe Abrams and the Cicero Consulting Group. His years of experience and contacts should help us to further enhance our existing business plan, as well as potentially creating new real estate vertical's for our company to grow in," stated Jim Pakulis, CEO of Wisdom Homes Of America and its parent company, SearchCore, Inc. "With a track record of successfully building and selling companies for a combined over $1 billion dollars, we will seek his guidance and resources on accelerating our business plan and creating new revenue streams."
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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