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Author Topic: Systems West, Inc. (PINKSHEETS: SYWI), Building A Fresh Start  (Read 1060 times)

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Systems West, Inc. (PINKSHEETS: SYWI), Building A Fresh Start
« on: October 31, 2007, 09:06:16 AM »
HOUSTON, TX--(October 31, 2007) Systems West, Inc. (PINKSHEETS: SYWI), Redwood Equities, Inc. announced plans today to become a joint-venture partner with The Gadfy Group, a Houston based developer, in two multi-housing development projects to be built in Northwest Houston and Huntsville, Texas.  Each project is valued at approximately $22 million and will be completed in 2008.

The Traditions of Sam Houston will include 50 fourplexes in Huntsville, Texas and will provide quality housing in a campus environment for students of Sam Houston State University.  The fourplexes will be individually owned, purchased by outside investors or parents of students, in a plan to offset the student’s college education and housing expenses.

The Houston project, The Traditions of Willowbrook, is located on the Sam Houston Parkway at Fallbrook Road.  Plans include a gated community of 36 fourplexes, with units built in the style of two and three bedroom townhomes.  Each unit will have an attached garage and upgrades throughout.  The fourplexes will be individually owned by investors who seek the benefits of multi-housing investment and property management with single-family financing.

Gary Goff, President and CEO of Redwood Equities said that Redwood will provide the equity investment in both projects, becoming a partner with The Gadfy Group in the development and construction.  “This is only the beginning of a bright future as partners in multi-housing development,” Goff said.  “By offering quality housing for students and a plan to repay parents for college expenses, Redwood Equities will play a large role in America’s future.”

About Redwood Equities

Redwood Equities  is a Houston based developer, heading up two multi-housing development projects to be built in Northwest Houston and Huntsville, Texas.  Each project is valued at approximately $22 million and will be completed in 2008.

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Company Contact Information

Gary Goff, President and CEO
Systems West, Inc. / Redwood Equities,
18711 Mockingbird Lane
Tomball Texas, 77377
(281)686-0000

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