DENVER, May 20, 2004 (PRIMEZONE) -- Across America Real Estate Development (Pink Sheets:AARD), a national, publicly traded company that is an investor partner focusing on 100 percent financing of build to suit projects and also seeking to be the low cost provider of financing for those transactions where a bank requires developer equity, announced today that it has filed a FORM 10-SB with the SEC on Friday, May 14, 2004.
"The filing of FORM 10-SB is a significant step for Across America Real Estate Development," said Alex Lagerborg, President and CEO of the Company. "This is the first step of many to create corporate transparency and understanding for our shareholders. This also provides a vehicle for our investors to access financial and operational information about the Company that will be available to the public on a regular reporting basis.
"This filing, after a comment period from the SEC, will make AARD a fully reporting company under the provisions of Section 12(g) of the Securities Exchange Act of 1934, as amended. At that time, the Company plans to request listing on the OTC Bulletin Board. Being a reporting company means that AARD will report its financial results and the material operational activities of the Company on a quarterly and annual basis. It is our expectation that this move will enhance our corporate image, and broaden investor awareness. This step is in line with the Company's efforts to enhance shareholder understanding of the Company and transparency of the Company's activities."
This press release can also contain certain information about AARD' business prospects and financial projections. These are only prospects and projections based upon good faith current expectations of the management of AARD. This information is based on assumptions as to future events that are inherently uncertain and subjective. AARD makes no representation or warranty as to the attainability of such assumptions or as to whether future results will occur as projected. You are expected to conduct your own investigation with regard to AARD and its prospects.
Additional information can be found at the Company's web site at www.aard.us . Copies may also be obtained by contacting Across America's offices at 303-468-3974. The company assumes no obligation to update the information in this press release.