Recent TAYO Activity in West Texas Cline Shale Region Comes Ahead of Near-Record Construction Numbers in Abilene

HOUSTON--(BUSINESS WIRE)--

Two prime acquisitions by Taylor Consulting Inc. TAYO, due diligence on another and a strategic purchase agreement to acquire a West Texas real estate broker in one of the hottest areas in the country come just ahead of near-record construction numbers in Abilene, Texas.

Part of a multi-county region engulfed in the Cline Shale oil boom in West Texas' Permian Basin, Abilene and its surrounding metro area are enjoying economic growth that has shown no signs of slowing down. The Abilene Reporter-News reported last week that the Abilene Economic Index posted another increase in August, rising to 121.7 from 121.3 the month before. Impressive construction numbers are pushing the index upward, with $133.3 million in permits issued this year to date. That total is up nearly 53 percent relative to the first eight months of last year. Average home sales have increased by 2.6 percent over the same period last year, as well.

“It's the Cline Shale effect – West Texas communities are benefitting from an influx of workers handling the oil and natural gas production, which naturally brings with it residential and commercial real estate development. Our focus on Abilene is not incidental, but calculated,” said TAYO CEO Scott Wheeler. “So impressive construction and home sales numbers coming on the heels of our most recent activity in the area spur us to continue our strategy there, which is to continue to expand our real estate portfolio through the fourth quarter and beyond.”

Through its real estate division, Third Avenue Development, TAYO has already acquired two prime properties in the town of Merkel, which is part of the greater Abilene region. The company announced this week that it has completed its due diligence toward the acquisition of another property in the area: a 10-acre lot in the neighboring town of Tye.

The area's healthy economic growth, spurred by the West Texas oil and gas boom, has made it a hot spot for real estate development. Earlier this month, Third Avenue Development signed a purchase agreement to acquire White Buffalo Property Solutions LLC, a licensed West Texas real estate broker, to help facilitate more potentially lucrative deals in the region.

Cline Shale

Texas is home to the Eagle Ford Shale in South Texas and Cline Shale in West Texas' Permian Basin – two of the world's largest unconventional resource plays expected to produce for decades. Cline Shale is an intensive oil and natural gas exploration and production region in the eastern shelf of the Permian Basin in West Texas – a multi-county region between Midland-Odessa, San Angelo and Abilene – estimated to bring 15 years of drilling activity and at least 30 years of oil production. The Permian Basin of West Texas and eastern New Mexico, which contains more than 5 billion barrels of proven oil reserves and estimates of 30 billion barrels of recoverable oil, outranks Alaska and the Gulf of Mexico as the top oil opportunity region in North America. The American Oil & Gas Reporter says commercial and residential real estate development is a key factor in successfully keeping up with the economic growth that comes with the boom in those areas.

Big Plans for ‘Big Country'

White Buffalo Property Solutions serves all 19 counties in “The Big Country” area of Texas in the west central part of the state from its centrally located homebase of Abilene, the largest city near the Cline Shale region. “An advantageous location near Cline Shale and the hometown roots of White Buffalo principal Kyle Tamez, who has extensive knowledge of Abilene and the surrounding area, are sure to be valuable assets in meeting the intense demand for residential and commercial real estate in the region. We are excited about the opportunities that await us in The Big Country.”

For more information, visit www.whitebuffalopropertysolutions.com.

About Taylor Consulting Inc.

Taylor Consulting, Inc. (TAYO) recently created Third Avenue Development, LLC as a new division whose primary goal is to invest in promising real estate assets to compete alongside American Homes 4 Rent AMH, Silver Bay Realty Trust Corp. SBY, Equity Residential EQR, Essex Property Trust Inc. ESS and others. Third Avenue Development, a premier hybrid real estate investment and development company, is building an emerging portfolio of real estate assets for investment, rehabilitation and resale. The company is focused on acquiring properties in the country's top-performing housing markets in order to capitalize on the continued recovery and growth of the U.S. real estate marketplace. For more information, visit www.ThirdAvenueDevelopment.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.