ProGreen completes refurbishment and lease of its first Single Family Residence. After completing a major refurbishment in just three weeks, the property was leased with a two year lease to a suitable tenant.
ProGreen acquires its first Single Family Residence. This signifies new phase for the company and opens more opportunities. We now have the construction team in place to be able to handle more complicated and bigger refurbishments, often connected with single family homes.
ProGreen strengthens management. David Stock, was recently appointed as Financial Controller in ProGreen. Mr. Stock is a CPA with a Masters in Economics, and initially joins the company working part time, but we expect Mr. Stock to come on board full time within the next few months as Chief Financial Officer.
ProGreen Shows Stronger Results for the fiscal year 2012. Revenue for the Year increased 190% to $481,000 compared to $253,000 for 2011. Net loss decreased 65% to ($232,000) from ($661,000) in 2011.
ProGreen closes the first sale to American Residential Gap LLC . The sale, totaling $384,000, might be relatively insignificant in value, but represents an important beginning of what is expected to be a long term business relationship.
ProGreen enters into an Agreement with American Residential Gap LLC (ARG US). ARG US is a wholly owned subsidiary of American Residential Gap ApS (ARG). ARG is a newly formed property investment company that has been set up in Denmark by a number of Scandinavian Investors. ARG’s business plan is to acquire income producing US [...]