ROI Land Investments Ltd. Announces the Acquisition of Land in the Towns of Kitimat and Terrace, British Columbia
22 Dicembre 2014 - 11:31PM
QUEBEC CITY, QUEBEC
<<CANADA>>, December 22, 2014 (GLOBE NEWSWIRE) -- ROI
Land Investments Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development
investment company, announces that it has acquired
approximately 250,000 square feet of prime residential land
development to build over 300 apartment units in Kitimat and
Terrace, British Columbia, Canada. The estimated market value of
these acquisitions is of CDN $10,000,000. Land development and all
necessary permits have been approved for the development of these
lands and construction is expected to commence shortly. Development
for this construction may be found on our Company's latest website:
www.roilandinvesments.com These acquisitions represent ROI's
commitment and mission to become a leading land developer within
this region.
As previously mentioned on our
November 12, 2014 press release, in Northern British Columbia,
specifically in the towns of Kitimat and Terrace, there is an
explosive demand for housing due to a macro economic development
derived from the construction of one of Canada's largest pipelines
for the exportation of Liquefied Natural Gas ("LNG") as well as
terminals and other points of distribution. The LNG Projects
are estimated to be some of the largest private investment
developments in the history of British Columbia and
Canada.
In a Vancouver Sun Article posted
on November 8, 2014, it was reported that construction of the LNG
Canada Project (Kitimat) may cost as much as CAD$40 billion, will
create thousands of new jobs and could generate CAD$39 billion in
tax revenue over its lifespan. The recent environmental
certificate application of LNG Canada joint venture that includes
Shell Canada Energy (TSX: SHC), PetroChina, Korea Gas Corp. and
Mitsubishi Corp indicates that that project is expected to create
7,500 new jobs and generate about CAD$94 million per year in
municipal and regional taxes during construction and about CAD$15
million per year in municipal and regional taxes during
operations.
According to the British Columbia
government website, there are three other major LNG projects
proposed in Kitimat, including the Chevron (NYSE: CVX) and Apache
LNG Kitimat project, which is to be considered the most advanced
LNG project in British
Columbia http://www.chevron.ca/our-businesses/kitimat-lng
The Northern British Columbia
housing markets were among the first markets in Canada to rebound
based on a positive long-term outlook on mining, energy and
infrastructure investments especially related to major project
announcements such as the LNG Projects. The housing market in
Northern British Columbia is forecasted to shift higher through
2016. Increased activity will reflect employment, population
and income gains geared to the commencement and expansion of major
commodity-based projects across the north, including LNG terminals
and port expansions in the northwest, mining in the interior and
continued activity in the oil and gas fields in the northeast.
Because the housing market was not overbuilt during the
recession, there is a limited inventory of housing compared to
demand.
ROI President Mr. Philippe
Germain stated: "These latest developments in the towns of Kitimat
and Terrace B.C. represent months of hard work and careful
due-diligence together with our strategic partners of Coast to
Coast Holdings, Inc. Our partners have been on the front lines
conducting significant work in anticipation of this major and
historical macro economic development in the province of British
Columbia and Canada. We are very pleased with our investment and
are confident that it should represent a positive impact to our
bottom line. We are especially excited to pursue opportunities in
Northern British Columbia where we envision significant demand and
growth of the housing market. Moreover, we continue the evaluation
additional target acquisitions in the area."
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.
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; and (iii) the
company's growth strategy and operating strategy..
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
SEC. 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,
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#1883112
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