MONTREAL, July 8, 2015 (GLOBE NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land development investment company, announced today that it has entered into a binding agreement to sell approximately one-third of its new development project in Evans, Colo. to Baessler Homes, a well-respected local construction company that has been in operation since 1968. Under the terms of the agreement, Baessler Homes will purchase the lots in different phases upon completion of the project.
"By working with a local construction company, we can leverage Baessler Homes' knowledge of the area to successfully develop the property in an efficient and cost-effective manner," said Marc Andre Levesque, COO of ROI. "The economy in Northeastern Colorado continues to experience strong job growth and low property taxes, fueling a shortage of quality, affordable housing. We view this pre-sale agreement as an indication of the strength of the local real estate market and we are thrilled to move forward with our development plans."
ROI recently announced the acquisition of 220 acres (equivalent to 9,583,200 square feet of land) and 763 water rights in Evans. Beginning in 2016 and in partnership with a local construction company(s), ROI intends to develop 1,200 lots in approximately four phases. The project will feature a mix of housing units, including single family homes, town homes, duplexes and condos. The Company also plans to build a park as well as commercial and retail areas. A new middle school will open this fall adjacent to the property, which is expected to further fuel demand for quality housing.
About ROI Land Investments Ltd.:
ROI Land Investments, Ltd. ("ROI") is a diversified 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 construction of the infrastructure and profiting from the sale of the subdivided land units to known large regional builders.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements, as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements. Persons who are interested may see the latest company filings at www.SEC.Gov.
For more information, please visit our website: http://www.roilandinvestments.com
Investor Contacts:
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
roi@kcsa.com
HUG#1935358