Wisdom Homes of America, an owner and operator of manufactured homes retail centers that has positioned itself to provide homebuyers the opportunity to purchase quality, affordable manufactured homes from our retail locations in Texas, takes this opportunity to report sales of $352,000 for May, 2015.
“Total sales for May were $352,000,” stated Wisdom Homes of America CEO, Mr. Jim Pakulis. “May sales came in within our anticipated range for the month and we remain on target to generate $4 million in total sales for 2015. This will be a 400% increase over 2014 sales of approximately $1 million. In addition to being on track for May sales, we enjoyed strong sales during the first week of June. We’ve been fortunate that since the end of the first quarter, the adverse weather patterns affecting Texas have not caused us any additional slowdown.”
“We are on schedule to open our Sherman, TX retail center before the end of July,” stated Mr. Brent Nelms, President of Wisdom Homes of America. “We’re continuing to execute on our business model, which includes establishing 30 manufactured home retail centers over the next 5 years. These retail centers will be located in close proximity to areas where we are able to acquire a large number of available lots for land/home purchase deals, or near existing subdivisions that we either purchase or are affiliated with. The Sherman retail center will provide us the opportunity to sell manufactured homes directly to the homebuyer as well as to our Sherman subdivision. Our next phase is establishing an entity to provide mortgage origination services, allowing us to become further vertically integrated with our core business of providing manufactured homes, homes affixed on lots and insurance products.”
“The Company is continuing its due diligence on 6 separate subdivisions totaling 185 platted lots throughout northern Texas. We anticipate that the Company will be prepared to begin negotiating with some of the various owners or representatives of these subdivisions in July,” concluded Mr. Pakulis.