SearchCore, Inc. (OTCQB: SRER), a manufactured housing retail center owner and operator with retail centers through its wholly owned subsidiary, Wisdom Homes Of America, Inc., announced a year-end  business update for the 2014 fiscal year.

GlobeNewswire  tells MHProNews that the publicly-traded company’s accomplishments in 2014 include:

• Opening four new Manufactured Home retail centers in Texas.
• Quarterly revenues of $50,000 and $350,000 in Q2 and Q3, respectively, and anticipate exceeding $700,000 in Q4.
• Increasing the company’s model home inventory to 22.
• Establishing a $200,000 Special Purpose Fund to provide customers access to short-term bridge financing.
• Creating non-traditional and alternative mortgage programs and “In-house” financing options.
• Establishing a $200,000 Spec Home Fund, providing home owners with land/home packages.

The company’s stated objective is “to become the largest independent manufactured home retailer in the U.S. by opening 30 retail centers in Texas and surrounding states during the next 60 months and thereby meeting the significant growing demand for quality, affordable, residential housing in our respective markets.”  A previous report on Wisdom Homes is linked here. ##

(Photo Credit: Wisdom Homes)

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.