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Palm Coast Data Parent Warns Grimly: Don’t Expect “Profitability in Near Term Or at All”

| September 17, 2013

In the most sobering annual report to investors to date, Palm Coast Data parent Amrep Corp. raises numerous questions about the long-term viability of its operations as debt, recurring losses and competition burden its prospects–and those of what was once Palm Coast’s largest private employer.

Palm Coast Data Revenue Down Another 20% in Latest Quarter as Parent Company Posts Loss

| August 10, 2012

Palm Coast Data’s entire revenue for 2012 was less than half its revenue for just two quarters barely four years ago, when it signed a job-incentive deal with Palm Coast government and the state of Florida. The promised jobs have not materialized.

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