ORLANDO, Fla., Aug. 22, 2006 (PRIMEZONE) -- Promotora Valle Hermoso (OTCBB:PVLH), one of the leading providers of housing solutions in Ecuador, announced today that it has filed its Quarterly Report on Form 10-Q for the six and three months ended June 30, 2006 with the United States Securities and Exchange Commission.
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 families preferring a lifestyle in a harmonious and peaceful environment. Housing inner-areas have natural lighting, resulting in energy savings, and are equipped with modern technology installations. The housing units admit additional construction according to family needs and have privacy and guard service as they are inside enclosed condominiums.
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 and targets providing the middle-class population with affordable living.
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html.
The Promotora Valle Hermoso, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2777
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.