ROI Land Investments, Ltd. Executes Final Definitive Agreement to Acquire Residential Land Development Project Located in Bea...
27 Marzo 2014 - 4:00AM
ROI Land Investments, Ltd. (OTCQB:ROII) ("ROII or the "Company")
(OTCBB:ROII), an emerging developer of residential real estate
projects in the fast growing Canadian province of Quebec, has today
announced that it has executed a final definitive land purchase
agreement ("Agreement") for the acquisition of a 211 unit
residential development project located in Beauport, Quebec, Canada
containing 1,971,000 Sq. Ft. (the "Beauport/Cambert Project" or
"the Project"). This transaction represents the first land
acquisition in the history of the Company.
"The completion of this transaction is clearly the first
important step in our corporate development, and provides
shareholders with a strategic development project in the Quebec
City greater metropolitan area. Quebec City has demonstrated a
solid economy where the unemployment rate is very low and the
economic growth has been stable since 2009," stated the Company's
Chairman, Mr. Sebastian Cliche.
The Beauport/Cambert Project is the only low-density residential
project planned in Beauport for the next 10 years, and should be
developed in the next three years. Beauport, Quebec is a
suburb of Quebec City, Canada and with an overall population of
about 600,000 people. There was a 6.45% total population growth in
the 2003-2011 period Beaufort, compared to 5.87% growth for the
Province of Québec and a 4.46% growth for Canada over the same
period, according to Statistics Canada.
The appraisal value for the Beauport/Cambert Project has been
estimated at $8,200,000 Canadian ($), according to an independent
evaluation conducted by the Group Altus, a world-renowned
independent appraisal and consulting firm
(http://www.altusgroup.com).
The Company will continue to update shareholders via press
releases when additional material events occur. In the meantime the
Company and its management are presenting to a number of bank and
institutional investors to capitalize on the above-mentioned
opportunity as well as others that may arise.
About ROI Land Investments, Ltd.
ROI Land Investments, Ltd. ("ROI") is a 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.
To learn more about Quebec City please visit:
http://www.quebecregion.com/en
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=24404
Forward-Looking Statements
This press release may contain forward-looking statements.
All statements, other than statements of historical facts,
are forward-looking statements. Forward-looking statements include
statements about matters such as: future prices and sales of and
demand for our products; future industry market conditions; future
acquisitions, financing, changes in operations; future operating
and overhead costs; recapitalization and balance sheet
restructuring activities (including debt-for-equity exchanges, land
transactions, capital raising and other activities); operational
and management restructuring activities (including implementation
of methodologies and changes in the board of directors); future
employment and contributions of personnel; tax and interest rates;
capital expenditures and their impact on us; nature and timing of
restructuring charges and the impact thereof; productivity,
business process, rationalization, restructuring, investment,
acquisition, consulting, operational, tax, financial and capital
projects and initiatives; contingencies; environmental compliance
and changes in the regulatory environment; offerings, sales and
other actions regarding debt or equity securities; and future
working capital, costs, revenues, business opportunities, debt
levels, cash flows, margins, earnings and growth.
The words "believe," "expect," "anticipate," "estimate,"
"project," "plan," "should," "intend," "may," "will," "would,"
"potential" and similar expressions identify forward-looking
statements, but are not the exclusive means of doing so. These
statements are based on assumptions and assessments made by our
management in light of their experience and their perception of
historical and current trends, current conditions, possible future
developments and other factors they believe to be appropriate.
Forward-looking statements are not guarantees,
representations or warranties and are subject to risks and
uncertainties that could cause actual results, developments and
business decisions to differ materially from those contemplated by
such forward-looking statements. Some of those risks and
uncertainties include the risk factors set forth in our SEC filings
and the following: the current global economic downturn and capital
market weakness; the speculative nature of land development, obtain
necessary financing or refinancing or restructure indebtedness or
our debt service obligations on acceptable terms or at all;
potential dilution to our stockholders from our recapitalization
and balance sheet restructuring activities; potential inability to
continue to comply with government regulations; adoption of or
changes in legislation or regulations adversely affecting our
businesses; business opportunities that may be presented to or
pursued by us; changes in the United States or other monetary or
fiscal policies or regulations in response to the recent capital
markets and economic crises; changes in generally accepted
accounting principles; geopolitical events; potential inability to
implement our business strategies; potential inability to grow
revenues organically; potential inability to attract and retain key
personnel; interruptions in delivery of critical supplies and
equipment raw materials due to credit or other limitations imposed
by vendors; assertion of claims, lawsuits and proceedings against
us; All subsequent written and oral forward-looking
statements by or attributable to us or persons acting on our behalf
are expressly qualified in their entirety by these factors. We
undertake no obligation to publicly update or revise any
forward-looking statement. Neither this press release nor any
related calls or discussions constitutes an offer to sell or the
solicitation of an offer to buy any securities.
For more information please visit our website:
www.roilandinvestments.com
The photo is also available via AP PhotoExpress.
CONTACT: Philippe Germain, VP of Investor Relations
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email: pgermain@roilandinvestments.com
RiskOn (CE) (USOTC:ROII)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
RiskOn (CE) (USOTC:ROII)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024