MSPC Metrospaces Inc (CE)

METROSPACES ANNOUNCES LOI TO ACQUIRE FRUTIZIA WINE GROUP, LLC

MIAMI, FL-PRNEWSWIRE (September 24th, 2015) Metrospaces, Inc. (OTC: MSPCD) announces the execution of an LOI to acquire the Houston-Based Wine Importing and Distribution Company.

Mr. Silva stated: This is a very exciting acquisition for us, since it will provide us with direct distribution capabilities in the US, our main wine market. Frutizia Wine Group has wine importing and distribution licenses as well as established relationships with wholesale wine distributors in the US. This acquisition will allow us to control our own destiny in the distribution of our Ikal 1150 wines in what is currently our most important market. So far in 2015, our wholesale grape and wine distribution has generated approximately $300,000 in annual revenue, with an approximate EBITDA of 35%. With this acquisition, we will seek to double revenue in fiscal 2016. We expect to close on the acquisition in the next 30-45 days.

For a link to our wine web site:

http://ikal1150.com

For a link to our 4 hotel projects currently underway:

https://db.tt/jLu5ELre

https://db.tt/XUFl8NhH

https://db.tt/PcJe9XIK

https://db.tt/Ej7UjZV1

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 companys 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 Americas and across Europe valued in excess of US $350Million.

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 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 $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 President Oscar Brito.

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