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IDEAL GROUP OF COMPANIES - IDGR STOCK NEWS

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Ideal Group of Companies Inc. operates as a diversified real estate and financing company. The company's real estate development division, Eclipse Real Estate Development, focuses on multifamily, mixed-use, commercial, and residential real estate projects. Oxygen Mortgage Inc., a mortgage brokerage division, offers consumer mortgage services, while Oxygen Commercial provides financing for commercial projects. Travel Zen, Inc., a subsidiary of Portfolio Partners, Inc., acquires deeds to fractional timeshares in premium resorts, including properties in the Vail, Colorado region. With a strong emphasis on providing innovative financing solutions and real estate development, Ideal Group of Companies Inc. aims to meet the evolving needs of the market.

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Ideal Group of Companies (OTC Pink: IDGR) has signed a purchase agreement for a 10.67-acre land parcel in Anderson, South Carolina to develop its premiere real estate project. The multi-phase project aims to build and sell semi-custom, multi-family homes, including townhouses and condominiums, with a projected value of over $40 million at completion for phase one.

The company acquired the parcel from H & L Innovations , which will retain a 16% share. The project will begin with site prep, design, and construction of the first 16 townhouses. Ideal Group plans to deliver premium, affordable housing options in response to South Carolina's population growth from domestic and international migration.

This development marks the start of Ideal Group's expansion in South Carolina, with potential for mixed-use development in future phases. The company aims to create value for both residents and shareholders through this strategic real estate venture.

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Ideal Group of Companies' subsidiary, Eclipse Real Estate Development, has partnered with National Cyber Security to offer cyber protection to homeowners. The Cyber Protection Gift, introduced in August 2023 by National Cyber Security, has seen thousands of new registrations. The FBI reports a 10% rise in cybercrime complaints in 2023, totaling 880,418 cases, highlighting the growing threat. The gift includes protection for up to 5 computers, ransomware and malware protection, network vulnerability scans, and dark web monitoring, among other features.

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Ideal Group subsidiary Travel Zen, Inc. reported a complete sell-out of its 2024 spring break inventory of fractional timeshare bookings. The company achieved 100% occupancy across its 60 units, generating over $50,000 in recurring sales revenue. Profit margins vary between 50% for wholesale bookings and up to 100% for retail bookings. This marks the second annual cycle of unit offerings under Travel Zen's ownership, with 2024 sales reflecting consistent year-over-year performance.

Travel Zen's portfolio includes premium resorts in Vail, Colorado, such as Sheraton Mountain Vista Resort, Sheraton Lakeside Terrace Villas, and Falcon Point Resort. The company has also received over 50 five-star reviews this season. CEO David Weintraub highlighted the success and repeatability of their business model, emphasizing the acquisition of valuable fractional units at low cost and the generation of recurring rental income. The company plans to expand its portfolio by seeking additional vacation rental opportunities in premium markets.

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Ideal Group of Companies, Inc. subsidiary Oxygen Commercial has launched a new business offering to facilitate SBA loan approvals for small-to-medium businesses up to $5 million. The commercial lending market is booming due to the impending baby boomer business transition, with around 10 million businesses expected to change hands in the next decade. Oxygen Commercial aims to provide a 'one-stop shop' for businesses seeking capital, emphasizing the benefits of SBA programs and the potential impact on job creation, innovation, and economic growth.
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Ideal Group of Companies, Inc. (OTC Pink: IDGR) has appointed Robert Egeland as Vice Chairman and began trading under its new symbol, IDGR. Egeland, with over 30 years of experience in real estate and finance, will oversee real estate development and mortgage brokerage services. The company is planning strategic real estate projects in South Carolina.
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FAQ

What is the current stock price of IDEAL GROUP OF COMPANIES (IDGR)?

The current stock price of IDEAL GROUP OF COMPANIES (IDGR) is $0.0095 as of January 10, 2025.

What is the market cap of IDEAL GROUP OF COMPANIES (IDGR)?

The market cap of IDEAL GROUP OF COMPANIES (IDGR) is approximately 347.0K.

What kind of projects does Eclipse Real Estate Development focus on?

Eclipse Real Estate Development focuses on multifamily, mixed-use, commercial, and residential real estate projects.

What services does Oxygen Mortgage Inc. provide?

Oxygen Mortgage Inc. offers consumer mortgage services.

What is Travel Zen, Inc.'s primary focus?

Travel Zen, Inc., a subsidiary of Portfolio Partners, Inc., acquires deeds to fractional timeshares in premium resorts.

What distinguishes Ideal Group of Companies Inc. in the real estate and financing sector?

Ideal Group of Companies Inc. sets itself apart by offering innovative financing solutions and engaging in real estate development.

How does Ideal Group of Companies Inc. cater to market demands?

Ideal Group of Companies Inc. aims to meet the evolving needs of the market by providing a diverse range of services and solutions.
IDEAL GROUP OF COMPANIES

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