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QUEBEC CITY, Quebec, Jan 1, 2015 - (ACN Newswire) - ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land development investment company announced today that it has fully developed and sold its initial Land Acquisition first announced on June 27th, 2014. This transaction entailed the acquisition of 20,000 square feet of prime land in Terrace City, British Columbia for a total investment amount of CDN $215,000. Full development of the land by ROI and the construction of 6 town homes was completed recently in accordance with our agreement with Coast to Coast Holdings, Inc. ("CTC").
Since June 27th, 2014 ROI was able to generate a return of over 50% from its initial investment. This small but meaningful transaction proofs that ROI's model positions the Company to potentially generate significant profit both on short and long-term projects such as the one on Beauport, Quebec.
Philippe Germain, President stated: "We are very pleased with the successful completion of this land development. Furthermore reassures our conviction on our most recent acquisition of 250,000 Square feet worth of land between the cities of Terrace and Kitimat, British Columbia to build an additional 300 apartment units. At the same time via this press release we want to take advantage of this opportunity to wish everyone in our team and shareholders a healthy and prosperous 2015.
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 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 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
Philippe Germain, President
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email:pgermain@roilandinvestments.com
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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
Topic: Press release summary
Source: ROI Land Investments Ltd.
https://www.acnnewswire.com
From the Asia Corporate News Network
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