Dream Homes & Development Corporation
Under the Symbol:
Dream Homes on Pace to Increase Revenues in 2019 by over 80% from 2018 to over $5 Million
Thursday, June 27, 2019 9:40 AM
FORKED RIVER, NJ / ACCESSWIRE / June 27, 2019 / Dream Homes & Development Corporation (OTC PINK: DREM), a licensed new home builder and general contractor in New Jersey, is proud to announce that year to date revenues for 2019 have already surpassed revenues for the entire 2018 calendar year. The increase in revenue is due to several factors, including the acquisition of the assets and customer base of Premier Modular Homes, as well as increased name recognition and expansion in the company's primary marketing area.
Dream is now actively building from Little Egg Harbor in southern Ocean County to northern Middletown, in central Monmouth County, with over 23 active new home and elevation building projects. With this amount of volume, especially in different areas, the inquiries and proposals that the Company has generated have increased substantially.
Dream Homes CEO Vincent Simonelli stated, "Over the last year or so, we've made a lot of planning decisions which have increased capacity, as well as broadening our product line and expanding our market area. One decision which has proven very fruitful in further developing the southern Ocean County region has been the acquisition of the Premier Modular Homes assets and customer base.
Simonelli added, "This has given us much greater visibility in the Little Egg Harbor, Manahawkin, Surf City and Long Beach Island markets. All of these marketing efforts have been coming to fruition, which has caused our year-to-date revenues to be in excess of our revenues for the entire 2018 year. My hope is that we'll exceed $5 million in annual sales for 2019."
About Dream Homes & Development Corp.
Dream Homes & Development Corp. (OTCQB: DREM) is a full-service construction company based in Forked River, New Jersey equipped to complete all aspects of a building project including design, architectural, engineering, and construction. As licensed new home builders and general contractors, Dream Homes is actively building, raising, renovating and reconstructing homes up and down the New Jersey shore area. Please visit our website at www.dreamhomesltd.com and blog at http://blog.dreamhomesltd.com for more information.
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This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings at www.otcmarkets.com.
Dream Homes & Development Corp.
Vincent Simonelli, President & CEO
Office: (609) 693-8881
Email: [email protected]
SOURCE: Dream Homes & Development Corporation