Philand Ranch Secures New Central Vietnam Development Rights
01 März 2010 - 1:22PM
Marketwired
Philand Ranch Ltd. (FRANKFURT: 1P8) (XETRA: 1P8) (WKN A0RPEA), a
company engaged in the development of master planned communities
and other real estate developments in Vietnam and Southeast Asia,
announced today that it has secured development rights to a
significant 600 hectare township site in South Hoi An, Quang Nam
Province, Central Vietnam.
The site will be the location for an anticipated internationally
branded entertainment theme park and retail commercial venture
close to Philand's five star Pointe91 resort and housing
development project.
Philand Ranch Ltd is a majority-owned subsidiary of PHIGroup,
Inc. (OTCBB: PHIE) (FRANKFURT: PR7) (WKN A0RNQV) whose business
scope includes the development and management of real estate
properties, mining interests and consulting, merger and acquisition
advisory services.
The 600-hectare track will anchor Philand's Pointe91 master plan
development to the north. The well-positioned and picturesque site
sits between the South China Sea and the Truong Giang River of
Central Vietnam. The township will be accessed by the province's
newest coast highway under construction which will connect South
Hoi An to Philand Ranch in Chu Lai.
The Philand Ranch development will eventually encompass 10,000
acres in coastal Quang Nam Province. The company's first phase
construction is expected to begin shortly. This 118-acre first
phase introduces a hot new five-star resort, executive housing,
mid-range cabana residences, a marina and unfettered access to
hiking and walking trails, beaches and the South China Sea. It also
includes an economic free zone, industrial parks and educational
and conference facilities.
The Pointe91 development is based on the concept of whole
community planning: creating places where people can live work and
play in safety and comfort, building family ties, recreating
together with family and friends near the water, enjoying a short
commute to work and expecting the very best in home construction
and land planning. This new community brings exceptional
opportunities for residents, tourists and guests to enjoy a new
standard of living in Quang Nam Province. The development is
expected to generate thousands of new jobs, new industrial and
commercial ventures, much needed housing and new economic
opportunities for decades to come.
Henry Fahman, Chairman of Philand Ranch, said, "We are pleased
to have secured this important area for the branded theme park and
township as it dovetails perfectly with our Philand Ranch
project."
Philand Ranch's Project Director Daniel St. John said, "The
timing in securing this township could not have been better as we
will soon begin construction of our much awaited Pointe91
project."
About Philand Ranch Ltd.
Philand Ranch Limited, a United Kingdom corporation, is engaged
in the development of real estate, hospitality and master-planned
community properties in Vietnam and the growing economies of
Southeast Asia. The company is currently developing the first phase
of a multi-billion dollar project at Pointe91 in Bien Rang, Chu
Lai, Quang Nam Province, Central Vietnam through its wholly owned
Vietnam-based subsidiary Philand Vietnam Ltd. Philand Ranch's stock
is traded on the Frankfurt Stock Exchange: 1P8.F and Xetra: 1P8.DE,
WKN A0RPEA. Website: www.philandranch.com.
About PHIGroup, Inc.
PHIGroup (OTCBB: PHIE) develops real estate and natural
resources, provides M&A advisory and consulting services and
invests in special situations. PHIGroup, which specializes in
raising capital and helping take companies public, is developing
Philand Ranch, one of the largest master planned communities in
Vietnam. This project includes Pointe91, a luxury resort and
premium residential community in Quang Nam province in central
Vietnam (www.philandranch.com). PHIGroup is also engaged in mining
activities in Southeast Asia and Haiti (PHIMining Group, Inc.)
(PINKSHEETS: PHIG) (www.phimining.com). Website:
www.phiglobal.com.
Safe Harbor: This news release contains forward-looking
statements that are subject to certain risks and uncertainties that
may cause actual results to differ materially from those projected
on the basis of such forward-looking statements. Such
forward-looking statements are made based upon management's
beliefs, as well as assumptions made by, and information currently
available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
Contact: Henry Fahman Tel: 714-843-5455 Email:
henry@philandranch.com
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