Rolling into the
second half of 2014, Great Plains Holdings is holding a progressive pace toward
achieving management’s goals to diversify its asset holdings while remaining
debt free. If the last six months of the company’s history are a precursor,
Great Plains has the momentum to do so.
Founded in 1999,
Great Plains really picked up steam when current CEO Kent Campbell and
President Denis Espinoza joined the company in September 2013. Both experienced
businessmen, Campbell and Espinoza hit the ground running, giving the company a
cash injection and a blast of fresh energy.
Today, Great Plains
operates through two wholly owned subsidiaries: Ashland Holdings, LLC, focused
on the real estate sector; and LiL Marc, Inc., maker of the “LiL Marc” training
urinal for toddler boys. This diversification model enables Great Plains to
achieve multiple revenue streams and consistently increase hard assets.
Through the guidance
of its new leadership, Great Plains restocked its depleted inventory of the
flagship LiL Marc training urinal, and in December 2013 launched an aggressive
product marketing campaign. The campaign included the upgrade of the Lil Mar
website to improve customer service and increase Internet sales, as well as
exploration of brick and mortar retail opportunities.
Less than a month
later, Great Plains’ Ashland Holdings subsidiary acquired its first real estate
asset in Wildwood, Florida. The two adjacent parcels of land cover 0.9 acres
and include a 1,400-square-foot corporate office building and a mobile home.
The $47,500 acquisition provided the company with five office spaces that it
plans to partially occupy for its own operations and partially lease to tenants
to generate additional Great Plains’ revenues.
By February, Great
Plains reported that the first tenant had moved into the facility and that the
company was on track to complete the second phase of the project by the end of
April 2014.
Espinoza hit the
road in March to present Great Plains’ business strategy and growth potential
to investors at the MoneyShow in Las Vegas, raising brand awareness to the
investment community.
In April, Ashland
Holdings made another significant move, this time via private placement in
TexStar-Preferred Partner Joint Venture III relating to a 150-acre lease with
nearly 3 million barrels of estimated oil reserves. Per the agreement, Ashland
Holdings is positioned to receive income based on net revenue interest on the
lease. The acreage has estimated oil reserves at 2.99 million barrels,
according to exploration geologist John Sobehrad, for potential value of $309.1
million. Approximately 14 oil wells are producing on the project’s Engleke
lease.
Great Plains wrapped
up the month of April with news that it had completed the final phase of
Ashland Holdings’ Florida project, finishing the renovation of its headquarters
several days ahead of schedule. The renovation is expected to cut Great Plains’
operating costs and alleviate Lil Marc, Inc. of its annual warehouse leasing
expense of $12,000. Furthermore, Great Plains plans to lease three of the
office spaces, thereby increasing annual revenues by approximately $18,000.
Espinoza in May
joined QualityStocks for an exclusive interview, where the visionary company
president said Great Plains has established several goals for 2014, including
the construction of a self-storage unit.
Based on the
company’s track record, Great Plains and its subsidiaries are on track to
increase the company’s hard assets and cash flow while maintaining its
impressive debt-free position.
For more information
visit www.gtph.com
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