ROI Land Investments, Ltd Executes Letter of Intent to Acquire Quebec-Based Residential Land Development Project of Beauport,...
24 Gennaio 2014 - 10:21PM
ROI Land Investments Ltd (OTCQB:ROII) ("ROII or the "Company")
(OTCBB:ROII), an emerging developer of residential real estate
project in the fast growing Canadian province of Quebec, has today
announced that it has executed a Letter of Intent ("LOI") for the
acquisition of a 211 unit residential development project based in
Beauport, Quebec, Canada ("The Beauport/Cambert Project" or "the
Project"). The demographics of Beauport, Quebec include a
population of 80,000 people and the city itself is a suburb of
Quebec City, Canada. This transaction inclusive of the development
project represents the first land acquisition in the history of the
Company.
"The Company is very pleased about the value proposition and
prospects of this initial opportunity," commented Patrick Bragoli,
CEO of ROI Land Investments, Ltd. "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."
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. The Beauport sector experience a
high demand in the Quebec City area, and there was a 6.45% total
population growth in the 2003-2011 period. This compares to a 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 land development
Project has been estimated at $9,000,000 Canadian ($),
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.
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
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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