|By Marketwired .||
|November 25, 2013 09:30 AM EST||
NORTH PALM BEACH, FL -- (Marketwired) -- 11/25/13 -- AEGEA, Inc. (OTCQB: AEGA) (OTCBB: AEGA) (the "Company"), a planned mega-resort destination and international community in Florida, commented today on its progress to date. Management believes it is important to provide its shareholders with some perspective on the timelines involved in a project of this magnitude. Over its first four months since becoming a public company, a number of significant milestones have been reached, including:
- Completing an economic study that projected AEGEA could create 75,000 jobs
- Initiating its EB-5 foreign investor program, forming strategic alliances to reach investors in Southeast Asia and China, and having an agreement with an EB-5 Regional Center;
- Launching website and mobile platform;
- Developing and protecting its intellectual property generated from its creative concepts;
- Receiving preliminary major funding commitments;
- Identifying two ideal locations for the project and putting over 2,000 acres under contract; initiating due diligence on an additional 9,000 acres; and
- Signing a letter of intent with a premier equestrian developer to build the equestrian sports complex and residential community.
The Company plans to finalize site selection and have most of its targeted land parcels under contract within the next 45 days. The conceptual master plan for AEGEA, the layout of the entertainment and lifestyle villages, transit systems, waterways and lagoons, is expected to be completed within the subsequent 120 days. At that point, AEGEA will begin the process of obtaining governmental approvals for the various entitlements. There are over 40 companies that AEGEA is either currently working with or plans to have involved in the project in the areas of land planning, engineering, transportation, architecture, creative concepts, attraction and ride development, sustainability, water technology, hospitality, financial consulting and legal, and construction of the project.
"AEGEA's management team is pleased with the considerable accomplishments we have made over such a short period of time. A project of this scale does not happen overnight. It took Disney ten years from initial land acquisition to opening their first theme park in Orlando, Florida. Every day we move forward on multiple fronts. The current focus is on land acquisitions, raising capital, due diligence, land planning, political support, creative concept development, targeted media initiatives, executive recruitment and strategic alliances. We have a unique and exciting concept and are building the solid foundation for a great company. This is a marathon not a sprint. Our projected opening is in the fall of 2017," commented Keith Duffy, President and CEO of AEGEA.
AEGEA, Inc. is developing a spectacular experience for guests and an idyllic lifestyle for residents by blending world-class entertainment with culture and timeless architecture, introducing its Entertainment Living brand. AEGEA is committed to building a sustainable and environmentally conscious community. AEGEA's mission is to pursue innovation, increase shareholder value, and strive to better the lives of its visitors and residents. AEGEA's plans include luxury hotels, residences, restaurants, cultural experiences, an Olympic-style sports complex, themed attractions, an equestrian village, vast blue water lagoons and waterways, and authentic, timeless architecture selected from around the world. While similar in some respects to other large-scale, multi-purpose destination properties, AEGEA's design will be unique in that the sprawling complex will include a mix of residences and hospitality, entertainment and culture inspired by an advanced civilization dating back 4,000 years. Located within the state of Florida, AEGEA enjoys the distinct advantage of a massive nearby resident and visitor population base from which to draw attendance and ownership.
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, AEGEA, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors who qualify under the EB-5 program.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
377 Oak Street
Garden City, NY 11530
631 703 4900 (Mobile)
516 222 2560 (Office)
AEGEA INC. CORPORATE
772 US Highway 1, Suite 200
North Palm Beach, FL 33408
561 287 5422 (Corporate)