|
Phoenix Investors, LLC announces acquisition of Indiana mill by Heritage Structures, Inc.
Milwaukee, Wisconsin
--August 25, 2004--
Frank Crivello, Executive Vice President,
Phoenix Investors, LLC ("PI"), www.phoenixinv.com,
and NNN Group, Inc., www.nnn.net,
announced today that Heritage Structures, Inc.
("Heritage"), www.heritagegarages.com,
reached a definitive agreement to acquire the
plant, equipment, improvements, and land assets
formerly owned and operated by Tru-Built Lumber,
Inc., ("Tru-Built") Williamsport,
Indiana. Crivello Group, LLC, www.crivello.com,
agreed to provide financing to Heritage in its
purchase from Tru-Built. Before Tru-Built
entered bankruptcy and ceased operations, it
manufactured prefabricated garages and sold them
through a dealer network to homeowners
throughout the Midwest.
PI Executive Vice President Frank P. Crivello
stated: "This facility will enable Heritage
to accelerate its start up plan. We have and
will provide financing and strategic consulting
services to Heritage."
About NNN Group, Inc., www.nnn.net:
NNN provides PI with real estate management
and advisory services.
About Phoenix Investors, LLC, www.phoenixinv.com:
Since 1994 PI has been offering professional management and advisory solutions to public and private companies, trusts, and individual investors. Our management endeavors to understand our clients' individual needs, work with our client to assess specific goals, and structure investments according to our clients' specific risk/reward profile to meet both the clients' short term and long term needs. Our real estate management team professionally manages our portfolio properties through a combination of local and national representation in order to effectively create a "working-bridge" between owner and tenant, building a cooperative mutually beneficial working relationship. Our experts assess and refine our client's portfolio's to maximize our clients cash flow, equity accumulation, and internal rate of return based upon our clients' specific dynamic goals.
Safe Harbor Statement Under the Private
Securities Litigation Act of 1995 - With the
exception of historical information, the matters
discussed in this press release are
forward-looking statements that involve a number
of risks and uncertainties. The actual future
results of the PI could differ significantly
from those statements. Factors that could cause
or contribute to such differences include, but
are not limited to assumptions relating to the
marine market and that there will be no
unanticipated material adverse change in PI's
operations or business.
Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com
|
©
2004 Phoenix Investors, LLC