ROI Land Investments Announces Joint Venture With Coast to Coast Holdings to Acquire and Further Develop Prime Land Developme...
25 Junio 2014 - 12:17PM
ROI Land Investments, Ltd. (OTCQB:ROII) ("ROI" or the "Company"),
announces today that, through its wholly owned Subsidiary "ROI Land
Dev Canada Inc.", entered into a Master Joint Venture Agreement
("JV") with Coast to Coast Holdings, Ltd. ("CTC"), a Calgary based
construction & land development company with focus on
commercial and residential construction for some of the largest
projects in Canada. CTC has a number of different land target
properties in its current acquisition portfolio, such acquisitions
shall require both financial and real estate advisory services
which are ROI's core business. ROI's part in this JV shall be to
provide financing and advisory services to swiftly acquire and
strategically develop said acquisitions on a case by case basis.
This JV enables ROI to establish a solid business relationship
with a known industry partner with over 30 years of experience and
further positions ROI's ability to identify and to participate in
unique opportunities in specific niche markets by providing
financing solutions as well as select advisory services. This
agreement shall also provide ROI with greater opportunities to
participate in future JV projects through its own land acquisitions
and/or by providing financing to land acquirers generally at a
loan-to-value ratio no less than 60%.
The JV partnership with CTC is a strong demonstration of ROI's
commitment to its equity and debt investors to maintain strict
discipline over its business model to identify, acquire, service
and exit prior to the construction stage. ROI's diverse management
team brings a unique set of skills which makes ROI an exciting and
dynamic land investment company. While ROI's management has decided
to concentrate its current efforts in Canada, where our roots are
deepest, we are reviewing and are open to value-added opportunities
wherever deemed financially sound and viable.
CTC's CEO Kim Gregorie said that their entire management is
delighted to establish this JV with ROI for a mutually profitable
relationship over the projects and years to come.
Sebastian Cliché, ROI's Chairman, stated that based upon his own
years of professional experience, he is confident that this Master
JV Agreement with CTC shall be a dynamic new chapter in ROI's
future and is confident that it should be the catalyst to swifter
potential profits to ROI's bottom line.
About Coast to Coast Holdings, Inc. - a Calgary
based real state 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 residential construction
clients.
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 financing and/or 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 prior to actual development. You can see more
about us at 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 intend to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statement 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.
CONTACTS: Philippe Germain,
ROI Land Investments Ltd.
VP of Investor Relations
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email: pgermain@roilandinvestments.com
Coast to Coast Holdings, Inc.
Contact: Kim Gregoire, CEO
Tel: 1-403-437-9292
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