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Posted On: 05/31/2017 8:47:29 AM
Post# of 597
PGUS reaches 80% Pre-Sales Lot Reservations
BLOOMFIELD HILLS, MI -- (Marketwired) -- 05/31/17 -- ProGreen US, Inc. (PGUS) (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is very pleased to communicate that the First Reservation Offer for its ocean front development in Baja California, Cielo Mar, is drawing to a close. 24 of the 30 lots that were offered now have executed reservation agreements, leaving only 6 available with one additional reservation request pending. There are also 6 commitments for early construction, once the planning has been approved. See details at https://www.cielomarbaja.com/first-reservation-offer/.
Revenue from these reservations, once the definitive purchase agreements have been executed, is expected to be close to $3.5 million USD including the construction of 6 houses.
"In February we set a preliminary goal to sell 25 lots during the first year. As we already have 24 lot purchase reservations since launching the offer in late April, we do expect to present a substantially revised goal in the near future," says Jan Telander, President and CEO.
BLOOMFIELD HILLS, MI -- (Marketwired) -- 05/31/17 -- ProGreen US, Inc. (PGUS) (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon), www.CieloMarBaja.com.
ProGreen is very pleased to communicate that the First Reservation Offer for its ocean front development in Baja California, Cielo Mar, is drawing to a close. 24 of the 30 lots that were offered now have executed reservation agreements, leaving only 6 available with one additional reservation request pending. There are also 6 commitments for early construction, once the planning has been approved. See details at https://www.cielomarbaja.com/first-reservation-offer/.
Revenue from these reservations, once the definitive purchase agreements have been executed, is expected to be close to $3.5 million USD including the construction of 6 houses.
"In February we set a preliminary goal to sell 25 lots during the first year. As we already have 24 lot purchase reservations since launching the offer in late April, we do expect to present a substantially revised goal in the near future," says Jan Telander, President and CEO.
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