Dr. Joseph de Beauchamp of World Financial News Network gives favorable analysis to Procore wants to continue to build value in real estate properties.
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Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst, said, “WFNN believes that Procore embarks into the real estate market as a wise move. Management shows excellent expertise to accomplish the building of value in the real estate sector. WFNN sees some of the considered properties adding positive cash flows to help the company start to see net income. The company seems ready for a breakout to the $2.00 range. The supply of stock in the market appears very limited, and any announcements or press releases would show significant gains in the share price. WFNN believes that ProCore appears as an undiscovered property in their unique sector."
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Procore made a decision to appoint Kamal Abdallah to serve as Chairman of the Board. Curtis Pree plans to also serve on the board. Both directors bring over two decades of experience in commercial real estate. The new directors already found properties to drive revenues into Procore. They plan to acquire more properties in real estate. They plan to develop and build out real estate for positive cash flows to support the income and balance sheet of Procore.
Dr. Joe de Beauchamp, IR
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Source : http://www.prweb.com/releases/2005/3/prweb219031.htm