ROI Land Investments, Ltd. Announces Agreement to Acquire 20,000 Square Feet of Prime Land Development in Terrace City, Briti...
27 Junio 2014 - 12:44PM
ROI Land Investments, Ltd. (OTCQB:ROII) ("ROI" or the "Company"),
announced today its initial Land Acquisition as per the Joint
Venture Agreement announced with Coast to Coast Holdings, Inc.
("CTC") on June 24th, 2014. This transaction entails the
acquisition of 20,000 square feet of prime land in Terrace City,
British Columbia. CTC and ROI are committed to the full development
and preparation of building 8 luxury town houses. ROI and CTC's
management team are jointly working together to start the necessary
applications for the process to obtain necessary full development
and/or construction permits. Management is objectively confident
that full construction should start as early as the third quarter
of 2014. The City of Terrace is located just two hours flight north
of Vancouver and 55 km north of Kitimat. Terrace is the regional
hub for highway, rail and air transportation routes and the
commercial center of Northwest BC. Terrace is well positioned to
directly benefit from over $60 billion in major projects and
investment opportunities in the energy, transportation and resource
sectors.
The transaction includes the full acquisition of 20,000 square
feet of land (the "Property") for a total price of CDN $215,000.
The estimated fair market value of these lands is CDN $450,000.00.
In connection with this transaction, ROI has financed the
transaction by providing a mortgage loan to the JV with an 8%
annual interest and first lien security interest over the Property.
CTC and ROI expect to exit this investment on or before fourth
quarter of 2014 for pre set price of $645,000.
"We are pleased to conclude this initial acquisition with CTC,
we expect this to be the first transaction of a series of future
target acquisitions. We look forward to building a solid and
profitable business relationship," stated Mr. Philippe Germain, VP
of Investor Relations.
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 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
CONTACT: Philippe Germain, VP of Investor Relations
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email: pgermain@roilandinvestments.com
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