International Land Alliance Updates Binding Letter of Intent to Acquire Remaining 75% of Rancho Costa Verde Development, LLC
International Land Alliance Updates Binding Letter of Intent to Acquire Remaining 75% of Rancho Costa Verde Development, LLC
SAN DIEGO, CALIFORNIA, Oct. 26, 2022 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), ("ILA" or the "Company"), an international land investment and development firm, is providing an update to the previously announced executed Binding Letter of Intent to acquire the remaining 75% interest in Rancho Costa Verde Development, LLC ("RCV") for $13,500,000 paid through a new series of the Company's preferred stock. Based on the successful completion of the acquisition of a 25% minority interest in early 2021, the Company has been able expedite and complete due diligence and is preparing for a closing with counsel for both the Company and RCV completing final review of closing documents. The Company expects to close this acquisition by November 3, 2022.
加利福尼亞州聖迭戈，2022年10月26日(環球通訊社)--國際土地聯盟公司(OTCQB：ILAL)國際土地投資和開發公司，(“ILA”或“公司”)提供了先前宣佈的已簽署的具有約束力的意向書的最新情況，該意向書將以13,500,000美元通過一系列新的公司優先股支付，收購蘭喬科斯塔維德發展有限公司(“RCV”)剩餘的75%權益。在2021年初成功完成對25%少數股權的收購的基礎上，公司已經能夠加快和完成盡職調查，並正在準備結束，公司和RCV的律師都完成了結束文件的最終審查。該公司預計在2022年11月3日之前完成這項收購。
RCV is a profitable 1,100-acre, 1,400-lot master planned community in Baja California, located roughly eight kilometers north of the Company's Oasis Park Resort on the Sea of Cortez. For more information about this green off-grid community, we invite you to visit:
RCV是一個利潤豐厚的社區，佔地1,100英畝，擁有1,400個地塊，位於下加利福尼亞州，位於公司位於科爾特斯海上的綠洲公園度假村以北約8公里處。有關這個綠色離網社區的更多信息，我們邀請您訪問：
To date, RCV has sold over 1,000 residential lots and built 55 single family homes with 32 under construction. This is in addition to a completed boutique hotel and clubhouse.
到目前為止，RCV已經售出了1000多個住宅地塊，建造了55套獨棟住宅，其中32套正在建設中。這是對已建成的精品酒店和俱樂部會所的補充。
For the nine months ended September 30, 2022, RCV has sold 48 residential lots, generated roughly $1.5 million in gross lot sales and started or signed contracts to begin construction on another 22 single family homes for roughly $4.5M. RCV has also expanded is real estate holdings with one large parcel in escrow that will add 200 acres. This new phase will have gross potential lot sales of approximately $6,000,000 and in excess of $40,000,000 in construction revenue. Sales for the three months ended September 30, 2022, have surpassed pre-pandemic levels. Sales are expected to continue, as the Company continues to see maximum occupancy at informational dinner presentations throughout California and onsite tours, as well as full occupancy at the Ranch Costa Verde hotel for the 23rd San Felipe Annual Shrimp Festival held November 5, 2022.
在截至2022年9月30日的9個月裏，RCV已售出48個住宅地塊，創造了約150萬美元的總成交額，並開始或簽署了合同，以大約450萬美元的價格開始建設另外22套獨棟住宅。RCV還擴大了房地產持有量，託管了一個大地塊，將增加200英畝土地。這一新階段的潛在地塊銷售總額約為600萬美元，建築收入將超過4000萬美元。截至2022年9月30日的三個月，銷售額已經超過了大流行前的水平。預計銷售將繼續，因為該公司繼續在加州各地的信息晚宴演示和現場參觀中看到最高入住率，以及23人在科斯塔·維德牧場酒店的入住率研發聖費利佩年度蝦節於2022年11月5日舉行。
For more information about the Company, please visit RedChip's new ILAL page at
欲瞭解更多有關該公司的信息，請訪問RedChip的新ILAL頁面：
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its' core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: .
關於國際土地聯盟公司：
國際土地聯盟公司(OTCQB：ILAL)是一家總部設在加利福尼亞州聖地亞哥的國際土地投資和開發公司。作為其核心使命，該公司除了利用Proptech和建築技術的先進應用來實現這些目標外，還擁抱了可持續和對社會負責的解決方案的技術。該公司專注於收購有吸引力的原始土地，主要是在下加利福尼亞州北部，通常在距離南加州車程內。該公司通過投入大量時間和資源來尋找最好的可用地點並獲得必要的開發許可，以建設具有吸引力的物業組合，提供多樣化的投資和生活選擇，從而為其股東服務。請瀏覽：。
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安全港聲明
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
該新聞稿可能包括某些不是對歷史事實的描述，但符合1933年《證券法》第27A節和1934年《證券交易法》第21E節的前瞻性聲明。這些前瞻性表述可能包括對我們未來運營計劃和目標的描述、這些計劃和目標背後的假設，以及其他前瞻性術語，如“可能”、“預期”、“相信”、“預期”、“打算”、“項目”或類似術語、此類術語的變體或此類術語的負面含義。有許多風險和不確定因素可能導致實際結果與本文所作的前瞻性陳述大相徑庭。這些信息是基於我們管理層做出的各種假設和預期，這些假設和預期在做出時是合理的，但可能被證明是不正確的。所有這些假設本身都會受到重大的經濟和競爭不確定性以及我們無法控制的意外事件的影響，以及對可能發生變化的未來業務決策的假設。因此，不能保證實際結果將達到預期，實際結果可能與本文預期的某些結果不同(可能存在重大差異)。
CONTACT:
Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
ILAL@redchip.com
聯繫方式：
戴夫·金特里
紅籌公司。
1-800-紅籌(733-2447)
或407-491-4498
郵箱：ilal@redchip.com
譯文內容由第三人軟體翻譯。