BIRMINGHAM, MI--(Marketwired - Oct 28, 2015) - ProGreen Properties, Inc. (ProGreen) (
ProGreen is presently negotiating terms with a funding source for this project.
"I am personally very excited with the prospect of getting into developments in Baja California, having started out as a builder/property developer Southern Spain some forty years ago. The major difference this time around, is the experience gained from building and selling over 500 homes in a country that, at the time, was so similar to what Baja California is today," says Jan Telander, President & CEO.
ProGreen also has been updated on the schedule for the initial hard cash investments from AMREFA, referred to in our announcement on August 14, 2015, which are now expected to be completed in January 2016.
About ProGreen Properties, Inc.
PROGREEN PROPERTIES, INC. (PROGREEN) (
The company is also presently looking into investment opportunities outside the US.
PROGREEN wholly owned subsidiaries:
PROGREEN REALTY LLC, purchasing, leasing and sale of properties.
PROGREEN PROPERTY MANAGEMENT LLC, management of properties sold to investors.
PROGREEN CONSTRUCTION LLC, in-house construction company.
This press release contains statements, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
Contact Information:
Contact:
Jan Telander
President & CEO
Phone: (248) 805-3652
Fax: (248) 731-7407
Email: jan@progreenproperties.com
www.ProGreenProperties.com