lv living outlines business plan earnings guidance

LV Living outlines business plan; earnings guidance

LV Living Ltd (ASX:LVL) has outlined its business plan for the future following a review of all aspects of its business.

Directors have also forecast net profit from normal operations for the 2006/07 year of $3.2 million, and for the 2007/08 year of $6.5 million.

The earnings guide excludes revenue from aged care properties projects and from RewardsCorp.

The company said it will continue to focus on providing
innovative solutions for housing.

Revenues within the business model will be derived from a sustainable mix of development and management along with marketing licensing.

The areas of focus will be expanded from the original over 55's living strategy (solely) to incorporate specific niche segment and regional opportunities where there is strong demand for housing and shortage of resources and skilled trades to meet demand.

LV Living has secured the exclusive marketing and distribution rights to an innovative building system - Seetek - that enables it to deliver a quality, engineered housing product into high-demand markets.

The system is faster and more economical than traditional building methods and will become the platform for all of the company's activity.