TAYO Targets New Assets to Capitalize on West Texas’ Economic Growth
June 23 2014 - 5:00AM
Business Wire
Taylor Consulting, Inc. (OTCBB: TAYO) continues to move forward
with multiple real estate acquisitions in West Texas as a new study
this week predicts that the Cline Shale play will add $20.5 billion
to the region’s economy by 2022.
The economic impact study, conducted by the University of Texas
at San Angelo Institute for Economic Development, examined the
effect of oil and gas activity in 10 counties in the eastern
Permian Basin. The UTSA study found that by 2022, oil and gas
development will be responsible for creating 30,000 jobs in the
study area as activity in the Cline picks up.
“These are truly incredible numbers,” said TAYO CEO Scott
Wheeler. “30,000 new jobs is going to attract a huge number of
people to this area that will all need places to live, work and
play. That growth is driving a very hot real estate market in the
eastern Permian Basin.”
TAYO is currently conducting due diligence toward the
acquisition of multiple properties located on or near the massive
Cline Shale formation. Covering an area of over one million acres,
the Cline Shale could be the largest North American oil play of all
time, with some experts predicting it could produce as many as 30
billion barrels of oil. As the company builds its asset portfolio,
TAYO is seeking out raw land and distressed properties with the
potential for multiple marketing strategies.
In addition to its traditional sports consulting business, TAYO
recently created a new division—Third Avenue Development, LLC—to
invest in promising real estate assets to compete alongside
American Homes 4 Rent (NYSE: AMH), Silver Bay Realty Trust Corp.
(NYSE: SBY), Equity Residential (NYSE: EQR), Essex Property Trust
Inc. (NYSE: ESS) and more.
For more information on Third Avenue Development, please
visit www.ThirdAvenueDevelopment.com.
About Third Avenue Development, LLC
A division of Taylor Consulting, Inc. (TAYO), Third Avenue
Development, LLC, is building an emerging portfolio of real estate
assets for rehabilitation and rent or resale. The company is
focused on acquiring properties in the country’s top-performing
housing markets in order to capitalize on the continued recovery
and growth of the U.S. real estate marketplace.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“believes,” “expects,” “anticipate” or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone’s past success, either financial
or strategic, is no guarantee of success. This news release speaks
as of the date first set forth above and the Company assumes no
responsibility to update the information included herein for events
occurring after the date hereof.
Taylor Consulting, Inc.Scott Wheeler, 713-840-6099President and
CEOinfo@tadcorp.com
Taylor Consulting (PK) (USOTC:TAYO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Taylor Consulting (PK) (USOTC:TAYO)
Historical Stock Chart
From Jul 2023 to Jul 2024