QUEBEC CITY, June 25, 2014 (GLOBE NEWSWIRE) -- ROI Land Investments, Ltd. (OTCQB:ROII) ("ROI" or the "Company"), announces today that, through its wholly owned Subsidiary "ROI Land Dev Canada Inc.", entered into a Master Joint Venture Agreement ("JV") with Coast to Coast Holdings, Ltd. ("CTC"), a Calgary based construction & land development company with focus on commercial and residential construction for some of the largest projects in Canada. CTC has a number of different land target properties in its current acquisition portfolio, such acquisitions shall require both financial and real estate advisory services which are ROI's core business. ROI's part in this JV shall be to provide financing and advisory services to swiftly acquire and strategically develop said acquisitions on a case by case basis.
This JV enables ROI to establish a solid business relationship with a known industry partner with over 30 years of experience and further positions ROI's ability to identify and to participate in unique opportunities in specific niche markets by providing financing solutions as well as select advisory services. This agreement shall also provide ROI with greater opportunities to participate in future JV projects through its own land acquisitions and/or by providing financing to land acquirers generally at a loan-to-value ratio no less than 60%.
The JV partnership with CTC is a strong demonstration of ROI's commitment to its equity and debt investors to maintain strict discipline over its business model to identify, acquire, service and exit prior to the construction stage. ROI's diverse management team brings a unique set of skills which makes ROI an exciting and dynamic land investment company. While ROI's management has decided to concentrate its current efforts in Canada, where our roots are deepest, we are reviewing and are open to value-added opportunities wherever deemed financially sound and viable.
CTC's CEO Kim Gregorie said that their entire management is delighted to establish this JV with ROI for a mutually profitable relationship over the projects and years to come.
Sebastian Cliché, ROI's Chairman, stated that based upon his own years of professional experience, he is confident that this Master JV Agreement with CTC shall be a dynamic new chapter in ROI's future and is confident that it should be the catalyst to swifter potential profits to ROI's bottom line.
About Coast to Coast Holdings, Inc . - a Calgary based real state 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 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 financing and/or 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 prior to actual development. You can see more about us at www.roilandinvestments.com .
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 intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement 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.
For more information please visit our website: www.roilandinvestments.com .
Philippe Germain, ROI Land Investments Ltd. VP of Investor Relations T: +1 (514) 667 9470 M: +1 (418) 264 7134 Email: Coast to Coast Holdings, Inc. Contact: Kim Gregoire, CEO Tel: 1-403-437-9292
