QUEBEC CITY, Quebec, June 27, 2014 (GLOBE NEWSWIRE) -- ROI Land Investments, Ltd. (OTCQB:ROII) ("ROI" or the "Company"), announced today its initial Land Acquisition as per the Joint Venture Agreement announced with Coast to Coast Holdings, Inc. ("CTC") on June 24th, 2014. This transaction entails the acquisition of 20,000 square feet of prime land in Terrace City, British Columbia. CTC and ROI are committed to the full development and preparation of building 8 luxury town houses. ROI and CTC's management team are jointly working together to start the necessary applications for the process to obtain necessary full development and/or construction permits. Management is objectively confident that full construction should start as early as the third quarter of 2014. The City of Terrace is located just two hours flight north of Vancouver and 55 km north of Kitimat. Terrace is the regional hub for highway, rail and air transportation routes and the commercial center of Northwest BC. Terrace is well positioned to directly benefit from over $60 billion in major projects and investment opportunities in the energy, transportation and resource sectors.
The transaction includes the full acquisition of 20,000 square feet of land (the "Property") for a total price of CDN $215,000. The estimated fair market value of these lands is CDN $450,000.00. In connection with this transaction, ROI has financed the transaction by providing a mortgage loan to the JV with an 8% annual interest and first lien security interest over the Property. CTC and ROI expect to exit this investment on or before fourth quarter of 2014 for pre set price of $645,000.
"We are pleased to conclude this initial acquisition with CTC, we expect this to be the first transaction of a series of future target acquisitions. We look forward to building a solid and profitable business relationship," stated Mr. Philippe Germain, VP of Investor Relations.
About Coast to Coast Holdings, Inc.
Coast to Coast Holdings, Inc. - a Calgary based real estate development and construction company building multi-million dollar commercial, and residential projects across Canada. CTC works in partnership with Intactus Construction Inc. ("Intactus") a Quebec based construction company. CTC and Intactus' clients include companies such as Costco, SIEMENS, Hydro Quebec, RONA, KONGSBERT AUTOMOTIVE as well as high end residential construction clients.
About ROI Land Investments, Ltd.
ROI Land Investments, Ltd. ("ROI") is a real estate investment company specializing in land development. ROI's business model consists of acquiring attractive land developments free of zoning restrictions, obtaining the necessary development permits, outsourcing the development of the infrastructure and profiting from the sale of the subdivided land units to known large regional developers. www.roilandinvestments.com
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