Profitable Developments, Inc. announced that it has signed a letter of intent to acquire a quantity of land parcels on the Coral Coast, Florida. Situated between Sarasota and Marco Island, is Cape Coral located on Florida's heavily bankable Gulf Coast. The company has secured 10 parcels of land, each waterfront and each with planning permission for residential property use giving the business a significant interest in the area and giving the company a real head start in its land bank program.

At the height of the property boom in 2005/2006, demand for land in North Cape Coral was extremely high due to its unique location and fully developed real estate plots were being sold in the millions of dollars at that time.