ROSWELL, Ga., Jan. 6, 2005 (PRIMEZONE) -- Royal Waterlily, Inc. (Pink Sheets:RYLW) has acquired 4,000,000 shares in Resol A/S, a Danish real estate corporation, publicly traded at the Swedish stock exchange, in exchange for 7,500,000 shares of the Company. Resol shares trade at the equivalent of approximately $5.00 per share, which puts the total value of the transaction at $20,000,000. Resol has made investments in projects in the U.S. and several European countries, primarily Denmark, France, Luxembourg, and Spain. The acquisition of the Resol shares reinforces the asset base of the Company, and places the Company in a better position in the execution of its business plan. This transaction puts the intrinsic value of the Royal Waterlily shares at approximately $.77 per share.
About Royal Waterlily, Inc.
The Company is a development stage enterprise that will focus on several real estate related activities. The Company intends to participate in development projects, both in the United States and in other countries, that offer the opportunity for generating income from operations and capital appreciation. More specifically, the Company has identified development opportunities in the Northeast and Southeast United States, where many redevelopment efforts and gray-fill projects are now underway that would meet the company's objectives. The Company hopes to have several projects under agreement in the near future.
Additional activities of the Company will be the acquisition and development of resort properties, both in the U.S. and in other countries. The Company has identified several opportunities to invest both in existing resorts and in resort developments in the Southern Caribbean, namely Aruba, Bonaire, and Curacao.
Safe Harbor
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, we are hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as such term is defined in the Reform Act) made or incorporated by reference in this press release. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "believe," "expect," "plan," "seek," "estimate," "intends," "plans," "projection" and "outlook") are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements.