ENCINITAS, CA - GOLD ROCK HOLDINGS, INC.'s (GOLD ROCK) (PINKSHEETS: GRHI) Board of Directors today announced its decision to select Larry Bailey, former White House official and noted Urban Specialist and Businessman, as its President. Gold Rock Holdings and its wholly owned subsidiaries represent over 60 years of domestic and international construction and building projects.
Mr. Bailey brings an extensive background in development, financing, and government entitlement programs, to support the company's proposed strategy of assisting local governments in the Gulf Region states with construction of 25,000 new dwelling units over the next 10 years.
Gold Rock Holdings Inc. is poised to act as a catalyst in jumpstarting the nation's lagging construction industry targeting fixed income seniors, low to moderate income residents, and returning 'baby boomers' seeking new inexpensive 'retirement' housing.
A proposed ten (10) year program will showcase "green construction" technologies, training and job creation as center pieces in a public/private strategy for utilizing local manpower to build permanent housing for residents of the region. Beginning first in Mississippi, Mr. Bailey will spearhead a lower Mississippi Delta region initiative involving builders and contractors working in concert with local governments. The program is expected to create 90,000 jobs in a 10 state region over the next several years.
Mr. Bailey states, "Analysts cite market demands for over a hundred thousand dwelling units in Mississippi, alone. Most are needed by fixed and lower income residents in some 40 counties where evidence of hurricane damage is a constant reminder that replacement housing is high on the agenda of many Mississippi residents."
The integration of public and private resources in housing construction as outlined by Gold Rock Holdings offers the nation a prototype with immediate impact and a solution to surging unemployment in an industry and region where the housing demands are staggering from the devastation of the hurricane seasons of 2006-2008.
For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 1-800-631-8127.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward-looking information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT:
GOLD ROCK HOLDINGS, INC.
Rich Kaiser
Yes International
800-631-8127
© MarketWire 2009
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