ORLANDO, Fla., Aug. 2, 2006 (PRIMEZONE) -- Promotora Valle Hermoso (OTCBB:PVLH) expects to file its two year audited financial statements on or about August 22, 2006.
About Promotora Valle Hermoso
Promotora Valle Hermoso invests financial resources in housing projects in Quito, Ecuador, and its suburbs. Its goal is to build real estate which offers comfort and space to new families who prefer a lifestyle in a harmonious and peaceful environment. Housing inner areas have natural lighting resulting in energy savings and all the installations for modern technology equipment. They admit additional construction according to family needs, and have privacy and guard service as they are inside an enclosed condominium.
Promotora Valle Hermoso targets a housing deficit of 1,200,000 houses in a country that has a yearly growth of just 60,000 housing solutions. The efficient structure of Promotora Valle Hermoso allows building fast economy housing thus targeting the majority of the population with affordable housing.
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.