FAR HILLS, N.J., May 02, 2018 (GLOBE NEWSWIRE) -- Mango Capital, Inc. (OTC:MCAP) today announces the execution of an agreement to acquire 640 acres in Nevada for $975,000, once again diversifying its land holdings and further growing Mango’s balance sheet and real estate portfolio.
“In furtherance of its business model, Mango will substantially grow its real estate footprint through this transaction,” stated Rick Makoujy, Mango President. “Additional opportunities are being evaluated at all times.”
Consideration for the property, located near Reno, Nevada, will consist of a combination of cash, notes and MCAP shares.
About Mango Capital, Inc.
Mango Capital Inc. is a real estate holding company specializing in acquiring undervalued American land and complimentary operating businesses in promising markets. MCAP recently announced the acquisition of more than 900 real estate properties in Colorado, Arkansas, Arizona, Nevada, Texas and New Mexico. With a motivated team, Mango will seize the opportunity to efficiently grow Mango into a major domestic land owner. Mango plans to continue to acquire promising real property efficiently utilizing company shares as currency and intends to opportunistically sell properties for cash and/or notes.
For additional information about Mango, contact Brooke Pagano, Public Relations, Mango Capital, Inc., at (845) 270-5792.
Please visit our website http://mangocapitalinc.com/
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.