Tuesday, April 29, 2014

Great Plains Holdings, Inc. (GTPH) Reports Timely Completion of Real Estate Asset Project

Great Plains Holdings’ commercial real estate holdings subsidiary, Ashland Holdings, LLC, has completed the renovation of its company headquarters located at 4060 Northeast 95th Road Wildwood, Fla. The renovation is expected to reduce Great Plains’ operating costs and alleviate the company’s LiL Marc, Inc. subsidiary of its annual warehouse leasing expense of $12,000.

The company reports that the building renovation was completed several days ahead of the originally projected completion date of April 30, 2014. Great Plains now plans to lease three of the office spaces inside the building to increase annual revenues by a projected gross of $18,000.

“We’re very pleased with the renovations to our headquarters and the cost savings we expect to realize from this project. It’s always a pleasure to report a successful strategy to reduce operating cost and increase revenue while maintaining our goal to keep zero debt,” Great Plains’ President Denis Espinoza stated in the news release.

Ashland Holdings is engaged in the acquisition and operation of commercial real estate. The subsidiary’s current portfolio includes a 1,400-square-foot corporate office building; an 800-square-foot warehouse for LiL Marc operations; and two adjacent parcels of land, one of which includes a manufactured home that is rented out for additional income. Great Plains’ principal business activity, LiL Marc, is the maker of the “LiL Marc” training urinal for toddler boys.

For more information visit www.gtph.com

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