ROI Land Investments Executes Pre-Sale Agreement for Project in Evans, Colorado
08 Julho 2015 - 2:00AM
MONTREAL, July 8, 2015 (GLOBE
NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development investment
company, announced today that it has entered into a binding
agreement to sell approximately one-third of its new development
project in Evans, Colo. to Baessler Homes, a well-respected local
construction company that has been in operation since 1968.
Under the terms of the agreement, Baessler Homes will
purchase the lots in different phases upon completion of the
project.
"By working with a local construction company, we can
leverage Baessler Homes' knowledge of the area to successfully
develop the property in an efficient and cost-effective manner,"
said Marc Andre Levesque, COO of ROI. "The economy in Northeastern
Colorado continues to experience strong job growth and low property
taxes, fueling a shortage of quality, affordable housing. We view
this pre-sale agreement as an indication of the strength of the
local real estate market and we are thrilled to move forward with
our development plans."
ROI recently announced the acquisition of 220 acres (equivalent to
9,583,200 square feet of land) and 763 water rights in Evans.
Beginning in 2016 and in partnership with a local construction
company(s), ROI intends to develop 1,200 lots in approximately four
phases. The project will feature a mix of housing units, including
single family homes, town homes, duplexes and condos. The Company
also plans to build a park as well as commercial and retail
areas. A new middle school will open this fall adjacent to
the property, which is expected to further fuel demand for quality
housing.
About ROI Land Investments Ltd.:
ROI Land Investments, Ltd. ("ROI") is a diversified 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 construction of the infrastructure and profiting
from the sale of the subdivided land units to known large regional
builders.
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. Persons who are
interested may see the latest company filings at
www.SEC.Gov.
For more information, please visit our website:
http://www.roilandinvestments.com
Investor Contacts:
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
roi@kcsa.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#1935358
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