MSPC news out Metrospaces Issues March 2018 Shareholder Letter GlobeNewswire "Press Releases"
NEW YORK, NY , March 08, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC PINK: MSPC) issues Letter to Shareholders to update on current events and progress.
LETTER TO OUR SHAREHOLDERS
To Metrospaces Inc. Shareholders:
As we continue to push forward in our business plan, we begin to see turning points that are allowing the company to consider new options in the expansion of our current execution as well as the possibility of opening up new business avenues. Every month we see the revenue growth in Etelix, we become more confident in our acquisition and that the business plan we have chosen and executed on, makes sense. January was a record revenue month (of all previous months of January), and although we are still finalizing revenue numbers for February, it looks like it will also be record revenue for any February since the company started doing business in 2007. Etelixs Management team continues to prove they are top-tier in their industry, and as they consolidate, more options continue to open up for management, not just in their current VoIP and data center management, but also in businesses they know well such as submarine cables, as well as blockchain for Telcos. Additionally, as Etelix continues to gain firm footing, Metrospaces management is now able to explore new avenues, including acquisitions and add-on investments, not just for Etelix, but brand new ideas that are currently being considered. Residential and hotel real estate in the US is very profitable industries, however, we believe that as a start-up real estate private equity firm, we must focus on emerging real estate industries such as Telco data centers and cannabis related-real estate investment that can produce above-average real estate investment returns.That is where we believe we will make our mark. We will always look to be at the forefront of emerging real estate segments, always building upon proven and experienced management teams. We believe Etelix to be a true example of how our business plan will evolve in the near-mid and long term of the company.
Etelix USA.com :Etelix has proven to be in in the right position to continue to grow revenue and EBITDA, by simply hitting their easy marks. January was another record revenue month, and February looks like another record month as well. Management is pushing itself not just to continue to grow its VoIP value-added and data center management business, but to also focus on other business services that they proved in the past to be successful in. Etelixs management team are world-class Telco executives that know the business quite well, know the different growth spots to focus on. In 2013, the company was part of a consortium of major carriers that deployed the Maya-1 submarine cable that runs from Hollywood, Florida to the city of Tolu in Colombia. This consortium was led by Orange Telecom and Orbitel where Etelix participated with a 10 Gpbs capacity. The bulk of this contract was sold to Millicom (Tigo Costa Rica) for a 3X cash-on-cash profit within 6 months of installation.However, it still produces approximately $80,000 in annual residual revenue. This capacity considerably enhanced Tigo's ability to deploy world-class 4G services to its customers in Costa Rica . Based on this know-how and the current explosion in 5G infrastructure multiplied by the Internet of Things, Etelix has begun advanced conversations with several European-based major Telcos to either be a part of current consortiums being assembled or to head a new consortium for this purpose.
Real Estate Projects in the US: The Company has signed LOIs to acquire 2 luxury residential projects in Brooklyn , NY. One of the projects is located in the high-end neighborhood of Williamsburg in Brooklyn and consists of a new construction residential building of 7 units with a total projected sell out of $12M . The other site is located near Prospect Park and consists of a luxury 22-unit residential project with total potential sell out of $38M . Both projects have operating margins of over 40%, potentially. Brooklyn is currently considered to be one of the nations strongest housing markets and is expected to continue its growth through the coming years. The company will make announcements once acquisitions have been finalized.
Cannabis Commercial Real Estate Projects: Metrospaces has engaged the services of specialized cannabis real estate brokers to search for new cannabis-related real estate opportunities in California and Washington St. In this sense, we have also incorporated Cann Partners as a subsidiary to handle these investments and acquisitions. Additionally, we are exploring the acquisition of cannabis-related companies that can bring us access to top-tier management in the industry to build upon. We will keep shareholders informed as progress is made in this industry.
Ikal Lodge and Winery : Our Ikal Lodge and Wine business continues to be a stable source of cash flow. The months of March and April are our harvesting months when we collect our wholesale wine grapes that we will be selling to major wine producers as we have in the years past. 2018 revenue and EBITDA will likely be $350,000 and $130,000 respectively. We also expect to see significant sales from last years Premium wine collection launched in 3Q of 2017. This year we launched our premium wine brand, Premium Ikal. Premium Ikal will start selling in the US first quarter of 2018, as have already begun shipments to Houston. We bottled 20,000 units of this new premium wine in the middle of 2017. Ikal Lodge and Winery is a 75-hectare wine based hotel and vacation home project, located in Mendoza, Argentina . The amazing project consists of a 25-master suite luxury hotel, a world-class winery and 29 luxury villas that will be sold under fractional ownership. March began the annual wine grape harvesting season; as we have done in the past 3 years, we sold our entire wine harvest to our long-lasting clients Pernod Ricard and Los Haroldos. This year, our focus has been on turning around our business plan away from the Venezuelan operation to US-based businesses and real estate projects. However, we expect 1Q of 2018 to refocus a good part of our effort in launching this amazing business. Once the real estate project is complete, total revenue from the sale of the villas is expected to be at approximately $70-90 million , with and EBITDA of about 45%. For more information, please see:www.ikal1150.com.
Financial Reporting Status:We have received numerous shareholders requests to become current since our current status of non-reporting is making it difficult for them to make further investments in the company. We understand the urgency shareholders have in this sense, and we have listened. Based on this urgent situation so clearly expressed by numerous shareholders, we have recognized the need to take immediate action in this sense. Accordingly, we have made the decision to become alternative reporting under the OTC Market rules as soon as possible. This will allow us to remove the Stop sign from the OTC Market quoting system. Shareholders will notice action in this sense in the coming few days, and management has set itself the goal to complete all required filings with the OTC Markets to become Current Information within 10 business day, and thus have the Stop sign removed.
Other investment highlights:
JV Agreement with Proideas (http://proideas.com.ar/):This JV agreement will allow Metrospaces a partnership with a very prominent private equity group in Argentina , just as the country begins a new economic shift to a more pro-market environment. This partnership will bring not just new deal flow to the company, but more importantly will also bring in fresh financing for the companys current projects.
JV Agreement with Prohotels of Argentina : In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.
Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2017 and beyond!
About Metrospaces :
Metrospaceswww.metrospaces.netis a publicly traded real estate investment and Development Company which acquires land, designs builds, and develops then resells condominiums and Luxury High-End Hotels , principally in Argentina and the US. Additionally, the company investments alongside management, in operating companies with strong real estate components.
In 2012, Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their worldwide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since inception, the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide and have funded projects both in the Americas and across Europe valued in excess of US $550 Million .
Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel , and are currently involved in negotiations for the development of several Elite luxury properties in South America .
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaceswas originally founded by company President Oscar Brito .
Relevant Links:
http://metrospaces.net/ http://www.prohotels.com/ http://www.ikal1150.com
Safe Harbor Statement:Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Metrospaces Inc. 305-600-0407 Investor Relations: investors@metrospaces.net www.metrospaces.net
Source: Metrospaces, Inc.
NEW YORK, NY , March 08, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC PINK: MSPC) issues Letter to Shareholders to update on current events and progress.
LETTER TO OUR SHAREHOLDERS
To Metrospaces Inc. Shareholders:
As we continue to push forward in our business plan, we begin to see turning points that are allowing the company to consider new options in the expansion of our current execution as well as the possibility of opening up new business avenues. Every month we see the revenue growth in Etelix, we become more confident in our acquisition and that the business plan we have chosen and executed on, makes sense. January was a record revenue month (of all previous months of January), and although we are still finalizing revenue numbers for February, it looks like it will also be record revenue for any February since the company started doing business in 2007. Etelixs Management team continues to prove they are top-tier in their industry, and as they consolidate, more options continue to open up for management, not just in their current VoIP and data center management, but also in businesses they know well such as submarine cables, as well as blockchain for Telcos. Additionally, as Etelix continues to gain firm footing, Metrospaces management is now able to explore new avenues, including acquisitions and add-on investments, not just for Etelix, but brand new ideas that are currently being considered. Residential and hotel real estate in the US is very profitable industries, however, we believe that as a start-up real estate private equity firm, we must focus on emerging real estate industries such as Telco data centers and cannabis related-real estate investment that can produce above-average real estate investment returns.That is where we believe we will make our mark. We will always look to be at the forefront of emerging real estate segments, always building upon proven and experienced management teams. We believe Etelix to be a true example of how our business plan will evolve in the near-mid and long term of the company.
Etelix USA.com :Etelix has proven to be in in the right position to continue to grow revenue and EBITDA, by simply hitting their easy marks. January was another record revenue month, and February looks like another record month as well. Management is pushing itself not just to continue to grow its VoIP value-added and data center management business, but to also focus on other business services that they proved in the past to be successful in. Etelixs management team are world-class Telco executives that know the business quite well, know the different growth spots to focus on. In 2013, the company was part of a consortium of major carriers that deployed the Maya-1 submarine cable that runs from Hollywood, Florida to the city of Tolu in Colombia. This consortium was led by Orange Telecom and Orbitel where Etelix participated with a 10 Gpbs capacity. The bulk of this contract was sold to Millicom (Tigo Costa Rica) for a 3X cash-on-cash profit within 6 months of installation.However, it still produces approximately $80,000 in annual residual revenue. This capacity considerably enhanced Tigo's ability to deploy world-class 4G services to its customers in Costa Rica . Based on this know-how and the current explosion in 5G infrastructure multiplied by the Internet of Things, Etelix has begun advanced conversations with several European-based major Telcos to either be a part of current consortiums being assembled or to head a new consortium for this purpose.
Real Estate Projects in the US: The Company has signed LOIs to acquire 2 luxury residential projects in Brooklyn , NY. One of the projects is located in the high-end neighborhood of Williamsburg in Brooklyn and consists of a new construction residential building of 7 units with a total projected sell out of $12M . The other site is located near Prospect Park and consists of a luxury 22-unit residential project with total potential sell out of $38M . Both projects have operating margins of over 40%, potentially. Brooklyn is currently considered to be one of the nations strongest housing markets and is expected to continue its growth through the coming years. The company will make announcements once acquisitions have been finalized.
Cannabis Commercial Real Estate Projects: Metrospaces has engaged the services of specialized cannabis real estate brokers to search for new cannabis-related real estate opportunities in California and Washington St. In this sense, we have also incorporated Cann Partners as a subsidiary to handle these investments and acquisitions. Additionally, we are exploring the acquisition of cannabis-related companies that can bring us access to top-tier management in the industry to build upon. We will keep shareholders informed as progress is made in this industry.
Ikal Lodge and Winery : Our Ikal Lodge and Wine business continues to be a stable source of cash flow. The months of March and April are our harvesting months when we collect our wholesale wine grapes that we will be selling to major wine producers as we have in the years past. 2018 revenue and EBITDA will likely be $350,000 and $130,000 respectively. We also expect to see significant sales from last years Premium wine collection launched in 3Q of 2017. This year we launched our premium wine brand, Premium Ikal. Premium Ikal will start selling in the US first quarter of 2018, as have already begun shipments to Houston. We bottled 20,000 units of this new premium wine in the middle of 2017. Ikal Lodge and Winery is a 75-hectare wine based hotel and vacation home project, located in Mendoza, Argentina . The amazing project consists of a 25-master suite luxury hotel, a world-class winery and 29 luxury villas that will be sold under fractional ownership. March began the annual wine grape harvesting season; as we have done in the past 3 years, we sold our entire wine harvest to our long-lasting clients Pernod Ricard and Los Haroldos. This year, our focus has been on turning around our business plan away from the Venezuelan operation to US-based businesses and real estate projects. However, we expect 1Q of 2018 to refocus a good part of our effort in launching this amazing business. Once the real estate project is complete, total revenue from the sale of the villas is expected to be at approximately $70-90 million , with and EBITDA of about 45%. For more information, please see:www.ikal1150.com.
Financial Reporting Status:We have received numerous shareholders requests to become current since our current status of non-reporting is making it difficult for them to make further investments in the company. We understand the urgency shareholders have in this sense, and we have listened. Based on this urgent situation so clearly expressed by numerous shareholders, we have recognized the need to take immediate action in this sense. Accordingly, we have made the decision to become alternative reporting under the OTC Market rules as soon as possible. This will allow us to remove the Stop sign from the OTC Market quoting system. Shareholders will notice action in this sense in the coming few days, and management has set itself the goal to complete all required filings with the OTC Markets to become Current Information within 10 business day, and thus have the Stop sign removed.
Other investment highlights:
JV Agreement with Proideas (http://proideas.com.ar/):This JV agreement will allow Metrospaces a partnership with a very prominent private equity group in Argentina , just as the country begins a new economic shift to a more pro-market environment. This partnership will bring not just new deal flow to the company, but more importantly will also bring in fresh financing for the companys current projects.
JV Agreement with Prohotels of Argentina : In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.
Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2017 and beyond!
About Metrospaces :
Metrospaceswww.metrospaces.netis a publicly traded real estate investment and Development Company which acquires land, designs builds, and develops then resells condominiums and Luxury High-End Hotels , principally in Argentina and the US. Additionally, the company investments alongside management, in operating companies with strong real estate components.
In 2012, Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their worldwide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since inception, the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide and have funded projects both in the Americas and across Europe valued in excess of US $550 Million .
Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel , and are currently involved in negotiations for the development of several Elite luxury properties in South America .
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaceswas originally founded by company President Oscar Brito .
Relevant Links:
http://metrospaces.net/ http://www.prohotels.com/ http://www.ikal1150.com
Safe Harbor Statement:Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
Metrospaces Inc. 305-600-0407 Investor Relations: investors@metrospaces.net www.metrospaces.net
Source: Metrospaces, Inc.
