Baytowne International Group, Inc. to Acquire Tampa Bay, Florida Area Title Services Company
January 20, 2006
OVIEDO, Fla.--(BUSINESS WIRE) Baytowne International Group, Inc. announced it has entered into negotiations with Harte of Florida Title services located in the Tampa Bay, Florida area. Pending due diligence, Baytowne intends to purchase its assets in their entirety. Posting well over $500,000 in revenue for 2005 - almost twice 2004's reported revenue, this title services company is firmly established and a respected member of Florida's real estate community.
"This particular title services company will be a perfect addition to our organization," stated Baytowne President & CEO, Kennetha Eikelberg. "Not only does it allow Baytowne to take another step toward providing a full-service package to Tampa Bay area consumers, it has a proven record of market presence in the state of Florida, in both growth and profitability."
Baytowne International Group, Inc. is a growing "Premier Service" real estate brokerage acquisition firm, in a planned partnership with General Motors Acceptance Corporation (GMAC)/Better Homes & Gardens - Real Estate Division and Stewart Title, providing proprietary, state-of-the-art IT solutions developed by Lions, Inc. to market participants.
Baytowne International Group, Inc. is headquartered in Oviedo, Florida, USA. Immediate plans include acquisitions in Ocala and Tampa, Florida. The company consists of five business divisions, including: Real Estate Sales, Mortgage Lending, Title Insurance, Mortgage Loan Processing and Real Estate/Mortgage Broker Licensing Training Services.
Source: Baytowne International Group, Inc.