Wednesday, August 10, 2011

A.C. Lawrence Hires Relocation Managing Director Dean Dunbar

New York City real estate brokerage A.C. Lawrence & Company announced today it has hired relocation specialist Dean Dunbar to head its Relocation Division as Managing Director.

New York, NY, August 08, 2011 (Straight Line PR) -- Renowned New York City real estate brokerage A.C. Lawrence & Company has announced big changes in its Relocation Division. The company has hired relocation specialist Dean Dunbar to head its Relocation Division as Managing Director.

Dunbar and his team of residential professionals left BOND New York, where the team was the highest producing, to expand A.C. Lawrence's relocation services ( ). Senior agents Gus Waite and Terry Cade will assist Dunbar in leading the group, focusing on corporate relocations, sales, and luxury rentals ( ). Dunbar's team closed over 300 total transactions over the past two years, and he was the recipient of the award for Senior Agent of the Year for both years at BOND.

"We're happy to welcome Dean and his top-producing team to A.C. Lawrence. As the economy, growth and hiring continue to expand in New York City, more and more corporations are turning to us to find homes for their executives and help them settle into their new lives in Manhattan," says Larry Friedman, Principal & Co-Founder, A.C. Lawrence & Company ( ). "Dean will offer our corporate clients top level service while expanding the services we can offer large and small companies, as well as individuals relocating to our city."

Clients from the financial services arena, including investment and commercial banks, hedge funds, private equity firms and accounting firms have long worked with Dunbar, as his team delivers exemplary customer service, resulting in the highest customer satisfaction.

"Joining A.C. Lawrence has been absolutely seamless as the brokerage's systems and approach to client service already were running smoothly and aligned with our customers' high expectations," says Dunbar. "My team has been able to hit the ground running from the start, which is key as we're in the thick of hiring season for many companies."

About Dean Dunbar:
After graduating cum laude from Harvard University and earning his MBA from Harvard Business School, Dean Dunbar worked on Wall Street for almost a decade as a Vice President in Private Wealth Management at Goldman Sachs. Dunbar was also Managing Director of New Business Development for a start-up hedge fund.

About A.C. Lawrence & Company:
A.C. Lawrence & Company is a New York City-based real estate brokerage specializing in residential rentals and sales, corporate relocation, and commercial tenant and landlord representation and investment sales advisory. For additional information, visit

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David Lockman
9734 Lincoln Lane
Blaine, WA 98230

ProGreen Properties, Inc. Announces Year-End 2011 Results

ProGreen Properties, Inc. [OTCBB: PGEI], announced today its financial results for the fiscal year ended April 30, 2011.

Birmingham, Michigan, August 03, 2011 - ProGreen Properties, Inc. [OTCBB: PGEI], announced today its financial results for the fiscal year ended April 30, 2011. The Company is expanding its property holdings in the Oakland County, Michigan, market and is demonstrating its ability to rehabilitate and lease or market residential properties that it acquires.

2011 Financial Results

For the year ended April 30, 2011, revenues increased to $253,063 from $7,718, an increase of $245,345 from the prior year ended April 30, 2010.

The Company reported a net loss for the year ended April 30, 2011 of $661,029, or a loss of $0.01 per share, compared to a net loss of $273,280 for the year ended April 30, 2010. The fiscal year 2011 net loss includes general and administrative costs of $233,311, legal and professional fees of $230,740, depreciation expense of $5,329 and interest expense of $110,613.

Jan Telander, CEO of ProGreen Properties, Inc., stated, "I am very encouraged with the progress we have made over the last 12 months. We have enhanced our property offerings and have increased revenues with more than 3,000%." He continued, "Beginning with the new 2012 fiscal year, we are looking to focus on revenue growth, as we leverage the groundwork we laid in 2010 and 2011 and look to enter the market for larger multi-family apartment complexes, subject to the availability of financing, and of course continue our current property acquisitions strategy."

About ProGreen Properties, Inc.
ProGreen Properties, Inc. (ProGreen) (OTCBB-PGEI) is a young company (2009) based in Birmingham, Michigan. ProGreen is engaged in the business of acquiring, refurbishing and upgrading potential income-producing residential real estate. ProGreen believes that Michigan offers some of the best investment opportunities in the presently distressed US property market.

This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated. Such factors include; our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business strategy or development plans; competition; business disruptions; adverse publicity; and international, national and local general economic and market conditions

Suzanne Holbrook

Jan Telander
President CEO
ProGreen Properties, Inc.
380 North Old Woodward Avenue
Suite 226
Birmingham, MI 48009
Phone: (248) 530-0770
Fax: (248) 731-7407