News Column

SouthCorp Capital Announces Sale of Two Additional Properties

August 19, 2014



Santa Monica, California(FSCwire) - SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the Company has agreed to sell two of its properties for $70,000.  The Company’s cost related to the properties was approximately $7,500.  As such the Company expects to issue a dividend of approximately $50,000 to the shareholders from the sale of these properties. 

In the past two weeks the Company has accomplished the following goals:

    •sold 3 properties for in excess of $100,000 (with a cost basis of $17,500)•acquired two additional properties•paid a cash dividend of $.00008 per share to shareholders of record as of August 15, 2014•has a accrued dividend of $.0002 per share to be paid in September. 


The Company is currently in discussions for the sale of additional properties and the acquisition of residential and commercial properties as well and should be able to provide an update shortly regarding the transactions.

About SouthCorp Capital.  Southcorp Capital, Inc. is a Delaware corporation. The Company focus is on the acquisition and renovation of single-family and multi-family properties in the U.S with the intent of reselling the property after renovations have occurred.  Our real estate investments are expected to focus properties undervalued and/or in need of some repairs.  

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

Contacts:

SouthCorp Capital, Inc.

Joseph Wade

661-418-7842

info@southcorpcapital.com

www.southcorpcapital.com





To view this press release as a PDF file, click onto the following link:

public://news_release_pdf/southcorp08192014_0.pdf



Source: SouthCorp Capital Inc. (OTCQB:STHC)










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