Med Gen Inc. Signs Letter of Intent to Acquire Real Estate Branch Office
HOLBROOK, N.Y., May 26 /PRNewswire-FirstCall/ -- Med Gen Inc. (Pink Sheets: MDIN) today announced that it has signed a non-binding letter of intent to acquire an interest in a branch office of Leapfrog Realty, based in Nassau County NY. The acquisition would give Med Gen's wholly owned subsidiary, NorthStar Business and Property Brokers the licenses needed to expand its capabilities to facilitate sales in the Commercial Real Estate sector in addition to businesses.
"This is the next logical step to support the significance of naming the company NorthStar Business and Property Brokers in the first place. I always planned to handle both businesses and properties because the ability to finance the deal becomes possible with real property attached to a sale, while simultaneously introducing the whole business community to NorthStar's services," said Raymond Barton, Med Gen's CEO.
The company plans to recruit several licensed real estate agents as soon as the licenses are in place, as well as offering the ability to become licensed agents to our existing business brokers. Raymond Barton is a licensed real estate agent as well, acquiring his license a little over a year ago.
Investors are encouraged to visit the CEO's Blog and company message board at www.medgeninc.com for future news and information regarding the company's progress.
Med Gen Inc. is a next generation holding company aimed at dominating several industries and diversifying it's holdings through acquisitions and revenue generating subsidiaries. The company currently operates NorthStar Business and Property Brokers, a wholly owned subsidiary in the business brokerage industry.
Contact: |
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Lorin R. Streim, Esq. |
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Med Gen Inc. Holbrook, NY 11741 |
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1-877-570-1581 (ph & fax) |
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SOURCE Med Gen Inc.
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