SouthCorp Capital, Inc. (OTCQB: STHC) announces that the Company has begun developing a site plan for a 30+ apartment complex on its 1.4 acres parcel located in Indiana. The development of the site plan is part of the Company’s plan to have 500 apartments in the next 3 years.

The Company’s apartments will conform to the requirements of various government housing programs including those under the Department of Housing and Urban Development. By obtaining government housing residents, the Company will receive rent payments directly from the government without the need to obtain rent from the residents.

Governmental Housing Benefits

Consistent Rental Payments. Governmental housing programs provide consistent rental payments to the Company. Tenants who meet certain requirements are granted a housing voucher from the government that allows them to look for housing within a certain price range. Once the rental unit has been approved and inspected, and a lease has been signed with the tenant, the Public Housing Authority is responsible for paying the tenant’s housing voucher directly to the Company each month. Therefore, the Company will receive the rental payment on a consistent basis each month.

High Demand For Housing. There is high demand for governmental housing. Many areas of the country have wait lists thousands of people long to be on the program. As the economy continues to stagnate and the housing market remains highly uncertain and volatile, demand for Section 8 housing vouchers has increased dramatically. This reduces the vacancy rate of the Company.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

Contacts:

SouthCorp Capital, Inc.

Joseph Wade

661-418-7842

info@southcorpcapital.com

www.southcorpcapital.com

SouthCorp Capital, Inc.Joseph Wade, 661-418-7842info@southcorpcapital.comwww.southcorpcapital.com

Southcorp Capital (CE) (USOTC:STHC)
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