QualityStocks today announces the availability of a new audio interview with Jim Pakulis, Chief Executive Officer of Wisdom Homes of America, Inc. (OTCQB: WOFA). The interview can be heard at www.QualityStocks.net/interview-wofa.php.
Pakulis first explains the company’s business model as an owner and operator of manufactured home retail centers headquartered in Tyler, Texas, before detailing its improving financial performance in its first full year of operations.
The CEO then discusses WOFA’s trajectory as the Company seeks to achieve more than $4 million in revenues for 2015 and continued growth beyond, driven by three different existing or planned revenue streams: manufactured home retail centers; subdivisions; and mortgage options.
The interview then moves on to the company’s background in technology and why Pakulis moved its operations into the highly opportunistic manufactured housing industry.
“The number of homebuyers purchasing manufactured homes since 2010 is increasing roughly 10% per year. As of 2014 there was about 62,000 manufactured homebuyers in the U.S. That represents $4.1 billion in homes sold … in the U.S,” he says. “Since the financial debacle there were fewer retailers in the retail space. However, on the other side of the equation, the houses that are being manufactured at the factories are second-to-none. They’re as beautiful as stick-built houses today. So the image people may have of the mobile home of 20 years ago should be completely wiped away. It is truly a brand new day in the manufactured housing industry.”
Pakulis also details the background of WOFA President Brent Nelms, and how his experience fits into the broader company vision. Moving ahead, WOFA seeks to open up to 30 additional manufactured home retail centers in the next five years, and in the near term is getting more involved in subdivisions and land/home packages.
“We would like to continue to provide land/home packages … for the second half of 2015 and actually all throughout 2016 … we want to get more heavily involved in the subdivisions and as time continues to go on, we want to start creating small communities …,” says Pakulis.
Referencing WOFA’s consistently paced news releases, Pakulis wraps up the interview with optimism in the company’s progress and initiatives for the future.
“At the granular level, this is an example of the direction we’re heading. We’re expanding. We’re expanding methodically, smartly — but we’re in expansion mode, absolutely,” he says.
To get a closer look at the company, visit www.wisdomhomesofamerica.com
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