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Congratulations to those
wise investors who heeded our last year's recommendations.
If you had heeded our recommendations, you
would have realized a 100% gain within 48 hours. We have found a company that
could make these gains look miniscule.
The Company
The research staff at SSII
has uncovered a unique company that is on the cutting edge of the burgeoning
health care facilities industry. Shadows
Bend Development, Inc. (OTC BB: SHBD) was created out of the overwhelming demand for specialty care
facilities that would focus on the ever-increasing Alzheimer epidemic and the
lack of adequate care facilities available.
By the development and acquisitions of free-standing facilities for the
care of individuals with varying levels of Alzheimer's and other dementia
related disorders, SHBD is truly positioning itself as the leader in
their field.
The Industry
The older population in the United
States, persons 65 years and older, numbered
34.1 million in 1997, this group represented 12.7% of the population, about one
in every eight Americans. In 1997, the
65-74 age group (18.5 million) was eight times larger than in 1990, but the
75-84 group (11.7 million) was sixteen times larger and the 85+ group (39
million) was 31 times larger. As recently as the early 90s, Alzheimer's was not
yet recognized in the medical community or even heard of in the general
household. However, since President
Reagan announced that he had the disease, the issue has been highlighted;
increasing concern for Alzheimer’s and dementia-related diseases has led to a
proven need for specialized care facilities that SHBD provides.
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Latest News
On February 8, 2002,
SHBD
announced that they have signed a letter
of intent to purchase Three Oaks Corporation ("Three Oaks").
Financial details of the transaction were not disclosed. Gross income for the
last two years was $783,000 and $664,630, respectively. Three
Oaks Corporation owns Three Oaks Manor, a 68-bed Alzheimer care facility
located in Pensacola, Florida; currently, the facility is being upgraded with state
of the art programs, including a memory diagnostic program provided by the
Shadows Bend management team. Three Oaks Manor is the only free-standing
Alzheimer facility in Pensacola and the surrounding areas devoted exclusively to
providing the unique type of specialized care for those individuals experiencing
the complex symptoms of dementia.
Investment Considerations
SHBD plans
to construct or acquire a minimum of ten "specialty care" facilities
designed strictly for residents with Alzheimer's disease or other related
dementia illness. Their business plan projects gross income generated by
each of these ten facilities to be estimated at $1,392,504 annually and
EBITDA to be 41% of income or $519,268. The initial development plan includes
ten strategically located units to be obtained within three years which should
generate $14,000,000 in annual revenue and a profit of approximately
$5,000,000 for this same period. A line of credit has been established to
fund the acquisition or development of these facilities. The National Institute on Aging puts the "annual
national direct and indirect cost of caring for Alzheimer’s' disease
patients are estimated to be as much as $100 Billion." Don't miss out on this one; the financial
windfall could be huge!
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