TRAC Financial Group, Inc. (avlc.pk)
Financial Services
- Structure: TRAC Investments Inc. believes that it can position itself to meet the two primary ownership tests for successful election to be classified as a REIT, those being: it must have at least 100 different shareholders, (the "100 Shareholder Test") and that five or fewer individuals cannot own more than 50 percent of the value of the REIT's stock during the last half of its taxable year (the "50/50 Test"). TRAC Investments Inc. expects to meet these tests prior to the mandated deadline for qualification, the beginning of its second taxable year.
- Targeted Solutions: TRAC recently signed a contract with Elite Flight Solutions to manage the operations and expansion of Elite's subsidiary, Aim American Mortgage, Inc., which like TRAC currently serves the emerging mortgage markets, in particular the Hispanic community in Southern California and Houston, Texas.
- Exploding Demographic: Hispanics have played a significant role in driving the growth of homeownership in the U.S. The 2000 Census reports that more than 35 million Hispanics reside in the U.S., an increase of nearly 58 percent since 1990. Recent Census figures show the Hispanic community is the fastest growing demographic group in the country. Perhaps more importantly, this segment of the population is growing in affluence at a remarkable rate. Hispanic households with more than $100,000 in annual earnings are growing at more than twice the pace of the general population (Source: Wachovia Group).
- Heading to Las Vegas: TRAC Investments Inc. has reached an agreement in principle to joint venture with the owner of a prime off-Strip parcel of land in Las Vegas to develop a high-rise luxury condominium project. CEO James Shipley states, "It is estimated that this project will return approximately $280M in revenues to the joint venture group. If our participation in this project continues as expected, it will provide a significant initial asset for TRAC Investments, which we are positioning to become a hybrid REIT."
- Further Acquisitions: TRAC recently announced it has entered into a Letter of Intent to acquire 25% of the common stock of Frappio, Inc., the producer of Frappio', the popular, new espresso-latte energy drink, which was named one of three "Cool New Beverages of 2006" by the National Association of Convenience Stores. After just three months into the initial roll-out, Frappio' can be found in 80% of all 7-Eleven stores nationwide with total sales increasing weekly.
Company Contact Information
16548 Bolsa Chica
419
Huntington Beach, CA, 92649
USA
- Phone:888-886-7958
- Fax:n/a
- E-mail:info@trac-fg.com
On-line contact form
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