SAN DIEGO, CALIFORNIA, May 22, 2019 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) today announced it has started final site preparation on its Valle Divino development. Valle Divino is the Company’s 20 acre-parcel (123 residential lots and 3 commercial lots) located in Ensenada, Baja California roughly 50 miles south of San Diego with starting prices at $35,000. Valle Divino is part of a 1,250-acre master planned residential community overlooking the internationally-renowned Bajamar Ocean Front Hotel and Golf Course and the Pacific Ocean.
Valle Divino also sits on the western edge of the Guadalupe Valley, Baja’s premier wine region with over 175 wineries. In preparation for our groundbreaking and pre-sales, the Company is conducting a second “Test Vineyard” with 14 grapes, including Malbec, Cabernet Sauvignon, Merlot, Tempranillo, Syrah, Mourvedre, Petit Verdot, Viognier, Nebbiolo, Pinto Noior and Zinfandel. A Test Vineyard is planted in an effort to see how different grape varieties grow in the same location.
Site preparation will be completed by July 2019 and formal construction expected to begin August 2019. The Company will be utilizing a sales office at the Bajamar Ocean Front Hotel and Golf Course with pre-sales starting by July 1, 2019.
For additional information on the site and designs, please visit: https://ila.company/valle-divino-resort/
About International Land Alliance, Inc.:
International Land Alliance, Inc. is an international land investment and development firm based in San Diego, California. 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: www.ila.company.
Safe Harbor Statement
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 Section 21E 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.
CONTACT:
Jason Sunstein, Vice President at Jason@ila.company or Toll Free: 877.661.4811