Snap N' Sold Announces Agreement with Investment Group to Auction Condominium Parking Spaces in Downtown Chicago, IL
1. Snap N' Sold Announces Agreement with Investment Group
to Auction Condominium Parking Spaces in Downtown
Chicago, IL
PALM HARBOR, Fla.--(Company WIRE)--Nov. ten, 2005-
-Snap N' Sold Corp. (Pink Sheets: SNPD) announced
today that it has completed an agreement with Field
Harbor Parking LLC, (FHP) an East coast investment
group that is converting 400 parking spaces to
condominium ownership in a garage in Chicago's New
East Side. Visit This Site:
http://cebuayalahomes.com/Snap N Sold will act as an
advisor to FHP and handle the auction of a choose group
of parking spaces in the garage. The parking spaces are
in a premier, heated garage with 24-hour safety and located a single block from Chicago's world
class Millennium Park. According to FHP, parking spaces within the facility have been selling for
amongst $35,500 and $62,500. The project has currently sold 290 spaces out of a total of 400.
Paulette Rodriguez, head of sales for the Field Harbor garage, stated "The idea of owning a parking
space in a top tier city like Chicago appeals to a cross section of buyers:
-- Office workers tired of paying month-to-month parking costs approaching $300/Month.
-- Condo owners who can get only one space in their condo's garage.
-- Investors excited about the chance to invest in parking.
-- Vehicle collectors, who require a safe, secure location to residence their prized collections.
James G. Grady, Chairman of Snap N' Sold, commented "The agreement presents an excellent
opportunity for Snap N' Sold to expand its massive ticket auction capabilities and offerings. Our
experience in auctioning actual estate played a massive component in attracting a group like
www.FieldHarborParking.com and we anticipate growth in these forms of auction opportunities
continuing going forward."
About Snap N' Sold Corp.
Snap N' Sold Corp., www.snapnsold.com, is engaged in the eBay (NASDAQ: EBAY), drop store
market with competitors, Las Vegas based Net2Auction Inc. (Pink Sheets: NAUC), subsidiary of
AmeriResource Technologies, Inc. (OTCBB: AMRE.OB), Dallas primarily based Orbit Drop, Inc. (Pink
Sheets: OBDP) and Auction Mills Incorporated (Pink Sheets: AUML) as effectively as other auction
facilitators like the EZ2Companies.com, (OTCBB: EZTO). Snap N' Sold is managing its growth by
means of the acquisition of neighborhood-centered retail "thrift stores" that will continue operating
in that small business while also acting as regional eBay drop shop 'consignment centers' and
2. corporate and estate asset disposition offices.
Safe Harbor
This press release consists of statements, which may perhaps constitute "forward-searching
statements" inside the meaning of the Securities Act of 1933 and the Securities Exchange Act of
1934, as amended by the Private Securities Litigation Reform Act of 1995. These statements consist
of statements concerning the intent, belief or current expectations of Snap N Sold., and members of
its management as properly as the assumptions on which such statements are primarily based.
Potential investors are cautioned that any such forward-searching statements are not guarantees of
future functionality and involve dangers and uncertainties, and that actual outcomes may differ
materially from those contemplated by such forward-hunting statements. Critical things presently
recognized to management that could result in actual outcomes to differ materially from these in
forward-statements consist of fluctuation of operating outcomes, the potential to compete effectively
and the capacity to complete just before-mentioned transactions. The corporation undertakes no
obligation to update or revise forward-hunting statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating results.
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