THE AUTOMOTIVE RESOURCE NETWORK, INC. (ARNH) ANNOUNCES THEY HAVE ACQUIRED A THRIVING AFFORDABLE HOUSING BUSINESS THAT HAS HIG...
May 07 2013 - 8:00AM
OTC Markets
NEW YORK, May 7,
2013 (Pinksheets: ARNH) The Automotive Resource Network
Holdings
Inc.'s CEO, Kathleen Roberton, is pleased to announce that
ARNH has
acquired We Three LLC as a wholly
owned subsidiary currently valued at $450,000 dollars. We
Three LLC is comprised of a team of seasoned professionals
who
specialize in providing affordable housing that includes a very low
deposit,
low monthly payments, including no credit checks with the option to
own the
home outright in 60 months. Our goal is to continue to purchase
mobile homes at
a discount and help families own a home. Kathleen Roberton comments
“Once they
purchase a home, they do simple improvements on it and then place
it on a lot
within a mobile home park.” There model is simple, No Credit
Checks, No
Interest, Low Down Payments and Low Monthly Payments. They
structure a 60 month
lease option purchase agreement whereby the tenant owns the home at
the end of
the contract. This becomes a superb acquisition for ARNH and
Shareholders as
this model includes the following as both current and future
assets: Real
Estate (mobile home parks, i.e. improved land); the mobile homes
themselves
including the monthly payments as well as the 5 Year Lease Option
Purchase
Agreements (LOPAs) as receivables.
CEO Kathleen Roberton states, “As
we continue with the Third Step of our Three Step Master Plan, we
will continue
to increase the overall net stockholders’ equity in ARNH. Acquiring
We Three, LLC as a wholly owned
subsidiary is a very exciting proposition for ARNH shareholders.
Many families
and young people just starting out find it very difficult to pay
the large
deposits and large monthly rental payments required and most no
longer qualify
to purchase their own home. We Three LLC
typically offers 3 bedroom/2 bath homes for as little as a $2,000
down payment
and rental payments of $600 - $800 per month!” ” Kevin Knapp,
Managing Member
of We Three, LLC, states “this
strategic relationship with ARNH will facilitate much needed
expansion capital
to capture the rapidly growing demand for affordable housing, as
well as the
acquisition of established mobile home parks sites which can
rapidly increase
our inventory of LOPAs. Our capital raising efforts include enough
working
capital to purchase over 100 homes, yet we are truly excited about
the
opportunity to leverage our highly valuable derivatives known as
our own
‘exclusive series F preferred convertible stock’. This gives us the
ability to
use our shares as a form of currency to acquire assets on a major
scale. Our
inventory can triple with the simple acquisition of a mobile home
park as now
we are in a position to accomplish this immediately. To say the
least, I am
very excited at the prospect of the rapid growth
potential!”
Kathleen Roberton, concludes, "We are
committed to filing audited financial statements to show the
audited value of
each of the companies as we continue to add more asset value to
the
consolidated balance sheet.” We are
currently working with MaloneBailey who is a very well known, and
widely
recognized PCAOB auditing firm. They
will audit and ensure that the actual value of each acquisition is
recorded on
ARNH consolidated balance sheet. Therefore, all we need to do now
is to simply
audit all of our transactions and file a registration statement
with the SEC in
order to move forward in a major way.”
About The Automotive Resource Network
Holdings Inc.:
The Automotive Resource Network Holdings,
Inc. is newly emerging as a holding company targeting the
acquisition of
undervalued, niche companies with high growth potential,
income-producing
commercial real estate properties and high return investments all
designed to
pay a dividend to our shareholders.
FORWARD-LOOKING STATEMENT
ARNH cautions that the statements made in
this press release constitute forward-looking statements, and not
guarantees of
future performance and actual results or developments may differ
materially from
the projections in the forward-looking statements. Forward-looking
statements
are based on the estimates and opinions of management at the time
the
statements are made.
Contact:
Kathleen Roberton
(212)-634-7470