Fort Lauderdale, FL (PRWEB) September 17, 2012
The executives of Liberty International Holding Corp announced today that they are in negotiations to join forces with a major real estate development company.
“This could significantly enhance shareholder value,” said Christopher Anzalone, President and CEO. He added “Because of the nature and stage of negotiations, we are moving forward with our proposal to move our shares to the NASDAQ for trading.”
The company expects to continue to trade under the symbol LIHC.
“This move can bring significant assets and earnings to Liberty International,” said Jeffrey M. Schuler, EVP, director of research and COO. He went on to say, “the level of which we feel would warrant our trading on a national, fully listed basis.”
The company in negotiations is a Private Equity Real Estate Development firm based in Florida with interests around the country and a long history of commercial and multifamily residential property development and sales.