METROSPACES ANNOUNCES RECORD HARVEST, REVENUE AND OPERATING 1st QUATER INCOME FOR ITS IKAL LODGE AND WINERY PROJECT
27 Mai 2015 - 5:00AM
InvestorsHub NewsWire
MIAMI, FL -- May
26th, 2015 -- InvestorsHub NewsWire -- Metrospaces, Inc.
(OTC:
MSPC) announces that Ikal Lodge and Winery had a record harvest
generating revenue of $245,860 and operating income of
$193,265
Mr. Silva, Metrospaces CEO stated: “This year’s harvest (grape harvest is done once a year) represents an increase from 361,000 Kgs to 487.000 Kgs. in harvested wholesale wine grapes, representing an increase in total weight volume of approximately 33%. This yielded $245,860 in revenue and $193,265 in operating income for the first quarter of 2015. Aside from grape set aside for our own production, all our sales went to Pernord-Ricard” and “Los Haroldos”. On a consolidated basis, this is Metrospaces’ first quarter with revenue and operating income. All of consolidated revenue was generated from the Ikal Lodge and Winery acquisition. On a net income basis, however, the company had net non-cash charges of approximately $1.6M due to financing, thus bringing total loss to approx. $1.4M
About
Metrospaces
Metrospaces www.metrospaces.net
is 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 urban areas
of Latin America. The company’s current projects are located in
Buenos Aires, Argentina, and Caracas, Venezuela. It is
operated by 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 America’s and across Europe
valued in excess of US $450Million.
Six years ago Metrospaces
shareholders saw a unique opportunity to participate in several
exciting property markets around the world. Through their
world-wide 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 Metrospaces 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 America’s and across Europe
valued in excess of US $450Million.
Metrospaces’ majority
shareholders has partnered with Investors on Elite properties
including The London BLVGARI 5 Star Hotel, and is 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.
Metrospaces
was originally founded by company CF
Oscar Brito, and co-founded by Daniel Silva.
About Ikal Lodge and
Winery:
Ikal Lodge and Winery is a 75 hectare
wine-based vacation home/hospitality real estate project. The
architectural project consists of a 25-master suite luxury hotel, a
winery and 29 luxury villas that will be sold under fractional
ownership. Ikal currently sells its award-winning wines in
Spain, Mexico and the US. See: www.ikal1150.com
.
Relevant
Links:
http://metrospaces.net/
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.
Company Contact: Tel:
305-600-0407
Investor Relations: investors@metrospaces.net
Metrospaces (CE) (USOTC:MSPC)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Metrospaces (CE) (USOTC:MSPC)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
