PCLI Completes Acquisition of JR Development LLC

Rhea-AI Summary

Protocall Technologies Inc. (PCLI) has successfully acquired JR Development LLC, a 100% ownership, enhancing its real estate portfolio. JR Development holds a 27.38% stake in North Allen Avenue LLC, which is involved in developing 35 residential lots in the Rivers Edge 2 subdivision in Fruitland, Idaho. This move is part of PCLI's recapitalization strategy, with CEO Paul Knudson emphasizing the company's aim to become a vertically integrated real estate firm and capitalize on land value appreciation.

Positive

• Acquisition of JR Development LLC strengthens PCLI's real estate holdings.
• 100% ownership of North Allen Avenue LLC increases control over land development.
• Development of 35 residential lots in a growing Idaho subdivision can drive future revenue.

Negative

• None.

FRUITLAND, ID / ACCESSWIRE / November 5, 2021 / PROTOCALLL TCHNOLOGIES INC (OTC PINK:PCLI) trades on the Pink Open Market. Investors can find Real-Time quote and market information for the Company on www.otcmarkets.com. $PCLI $protocalltech

Protocall Technologies Inc. (PCLI) has acquired 100% of JR Development LLC, an Idaho real estate development company. JR Development LLC is now a wholly owned subsidiary of PCLI. JR Development LLC owns a 27.38% interest in North Allen Avenue LLC. Continuing with our recapitalization plan, PCLI now owns 100% of North Allen Avenue LLC"s interest in 35 residential building lots being developed as the Rivers Edge 2 subdivision in Fruitland, Idaho.

CEO Paul Knudson stated, "PCLI is creating a vertically integrated real estate company. With the acquisition of JR Development LLC, PCLI is positioned to profit from the change of value created by its residential and commercial land developments."

Plat of Rivers Edge 2 Subdivision

PCLI CONTACT: Paul Knudson, 912 Bobwhite Street, Fruitland, Idaho 83619.
PCLI's telephone number is 1-208-452-6972
Website: http://www.protocalltech.com

Follow us on Twitter: @OfficialPCLI

INVEST IN LAND, THEY AREN'T MAKING ANYMORE OF IT - Mark Twain

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of the disclosures contained in our filings and our "forward-looking statements" in such filings that are available in the OTC Markets, Inc. website under our trading symbol, "PCLI."

Contact: Paul Knudson
Phone: 1-208-452-6972
Email: protocalltechinfo@gmail.com

SOURCE: Protocall Technologies Inc. (PCLI)

View source version on accesswire.com:
https://www.accesswire.com/671412/PCLI-Completes-Acquisition-of-JR-Development-LLC

FAQ

What recent acquisition did Protocall Technologies (PCLI) complete?

PCLI acquired 100% of JR Development LLC, expanding its real estate development capacity.

What is the significance of JR Development LLC to PCLI?

JR Development holds a 27.38% interest in North Allen Avenue LLC, which is developing 35 residential building lots.

How does the acquisition of JR Development LLC impact PCLI's business strategy?

It positions PCLI to create a vertically integrated real estate company, potentially increasing profitability from land developments.

Where are the residential lots being developed by North Allen Avenue LLC located?

The lots are part of the Rivers Edge 2 subdivision in Fruitland, Idaho.

Who is the CEO of Protocall Technologies (PCLI)?

The CEO is Paul Knudson.