ROI Land Investments Ltd. Announces the Successful Completion and Sale of its initial 20,000 Square Feet Land Acquired in Ter...
31 Diciembre 2014 - 5:00AM
QUEBEC CITY, Quebec, December
31st, 2014 (GLOBE
NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development investment
company announced today that it has fully developed and sold its
initial Land Acquisition first announced on June 27th, 2014. This
transaction entailed the acquisition of 20,000 square feet of prime
land in Terrace City, British Columbia for a total investment
amount of CDN $215,000. Full development of the land by ROI and the
construction of 6 town homes was completed recently in accordance
with our agreement with Coast to Coast Holdings, Inc. ("CTC").
Since June 27th, 2014
ROI was able to generate a return of over 50% from its initial
investment. This small but meaningful transaction proofs that ROI's
model positions the Company to potentially generate significant
profit both on short and long-term projects such as the one on
Beauport, Quebec.
Philippe Germain, President
stated: "We are very pleased with the successful completion of this
land development. Furthermore reassures our conviction on our most
recent acquisition of 250,000 Square feet worth of land between the
cities of Terrace and Kitimat, British Columbia to build an
additional 300 apartment units. At the same time via this press
release we want take advantage of this opportunity to wish everyone
in our team and shareholders a healthy and prosperous 2015.
About Coast to
Coast Holdings, Inc.:
Coast to Coast Holdings, Inc. - a
Calgary based real estate development and construction company
building multi-million dollar commercial, and residential projects
across Canada. CTC works in partnership with Intactus Construction
Inc. ("Intactus") a Quebec based construction company. CTC and
Intactus' clients include companies such as Costco, SIEMENS, Hydro Quebec, RONA, KONGSBERT
AUTOMOTIVE as well as high end residential construction
clients.
About ROI Land
Investments Ltd.:
ROI Land Investments, Ltd. ("ROI")
is a diversified real estate investment company specializing in
land development. ROI's business model consists of acquiring
attractive land developments free of zoning restrictions, obtaining
the necessary development permits, outsourcing the development of
the infrastructure and profiting from the sale of the subdivided
land units to known large regional developers.
www.roilandinvestments.com
SAFE HARBOR AND INFORMATIONAL
STATEMENT This press release may contain forward-looking
information within the meaning of Section 21E of the Security
Exchange Act of 1934, as amended (the Exchange Act), including all
statements that are not statement of historical fact regarding the
intent, belief or current expectations of the company, its
directors or its officers with respect to, among other things: (i)
the company's financing plans; (ii) trends affecting the company's
financial conditions or results of operations; (iii): the company's
growth strategy and operating strategy; and (iv) the declaration
and payment of dividends. The words "may", "would", "will",
"expect", "estimate", "anticipate", "believe", "intend", and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not a guarantee of future of future
performance and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements, as a result of various factors including the risk
disclosed in the company's statements and reports filed with the
OTC Markets. The Company claims the safe harbor provided by Section
21E(c) of the Exchange Act for all forward-looking statements.
For more information please visit our website:
www.roilandinvestments.com
Philippe Germain,
President
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email:pgermain@roilandinvestments.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
HUG#1883950
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