MIAMI, Nov. 16, 2004 (PRIMEZONE) -- Azur International, Inc. (Pink Sheets:AZRI), an international resort and luxury residential development company, announced today the acquisition of Shell Landing, the Gulf Coast's premier golf course (www.shelllanding.com). Shell Landing, a signature Davis Love III designed course, located at the Shell Landing master-planned resort community, will complement Azur's resort development position and provide immediate strengthening of its revenues and net operating income.
As part of the master-planned community, a wealth of comprehensive resort amenities is planned with Azur's latest acquisition. Area fishing, golf, tennis, gambling, swimming and luxury homes will provide a well-rounded service offering for families, leisure and corporate retreats. Unlike many golf course properties, Shell Landing operates with a substantial positive cash flow and will provide significant value to Azur and its shareholders.
"Shell Landing adds an integral piece to Azur's resort, as well as its luxury residential development segments," said CEO Don Goree. "In addition, its strategic location in the area of Biloxi, Mississippi, the third largest gaming market in the U. S., provides the benefit of the region's newest commerce combined with the stability Gautier has as one of the nation's oldest communities," he added.
Shell Landing has been named by Golf Digest among America's Best New Courses. In addition, in 2003 it received the Number 5 ranking in America in the Best New Upscale Public Category. As the sole property in the South within the Top 5 ranking, the course provides Azur a geographic competitive advantage in the Mississippi Gulf Coast and the surrounding area.
About Azur International, Inc.
Azur International, Inc., based in Miami, Florida, is a publicly traded company that currently develops and markets luxury residential and resort properties. Additionally, there are several real estate projects under consideration, including the purchase and development of luxury hotels and resorts, domestically and internationally, and land purchases in strategic areas that will provide inventory for future development or sale. For additional information about Azur International, Inc, go to www.Azur-Int.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 may provide a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of Azur International, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.