sales up form last year, read before investing
Bridgett Engle
iahvx na ocmanila.com.ph
Středa Březen 23 03:45:12 CET 2005
Targeting hurricane recovery contracts
GRDX just started trading.
Targeting hundreds of Millions in damage from recent hurricane Season
Vo|ume raising steadi|y due to recent Re|ease of St0ck
Analysis:
Ticker: GRDX
Price on Monday 3/14/05: .24 cents
Price on this Monday 3/21/05: 48 cents
Grand Lux, Inc. (StOck Symb0l GRDX)
Short-Term Target: $.92
15-Month Target: $2.10
Long -Term Assessment: Excel|ent
Severe Damage Occurred from Hurricanes,
GRDX can take advantage of major rebui|ding Contracts.
Grand Lux, Inc (GRDX) is a company that focuses on upscale real estate
development
with an emphasis on new and existing marinas.
As boat damage from 2OO4 Hurricane season approaches 7OO mil|ion
do||ars,
many marinas along the eastern part of the US remain in questionab|e
condition
despite escaping direct path of many of the storms.
GRDX recent|y partnered with the manufacturer of a new molding.
Their new mo|ding is 1/3 the cost of concrete cement and can withstand
hurricane winds of 40O mph.
The Industry
About 43O0 commercia| marinas are in operation in the US alone (not
including private yacht clubs)
which has combined annual revenues of over 3 bil|ion do||ars.
The need for repair and retrofitting of existing marinas in the US and
abroad are reaching a|| time highs.
This demand is sparking mil|ions of do||ars in new business for the
industry.
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