CARLSBAD, CA (June 05, 2010) — Strategic Global Investments, Inc. (PINKSHEETS: STBV), formerly American Consolidated Laboratories Inc. (PINKSHEETS: AMCL), announced June 3 that it has acquired 100% of the shares of Punta Perfecta S.A. de C.V., a Mexican Corporation based in Baja Sur, Mexico. The transaction occurred through a like-kind stock exchange and brings to STBV new property holdings in Baja California Sur which have been independently appraised at approximately $5 Million US.
The property in Los Cabos is located at Punta Perfecta on the East Cape of Baja California on the coast of the Sea of Cortez. Construction of a 5-bedroom 4.5 bath model home of approximately 5,000 sq. ft. is about 70% completed. Located at the Coast Highway, the property is accessible by car from the International airport in San Jose del Cabo in an hour. STBV plans to sell the homes at Punta Perfecta as Fractional Ownership units to maximize the return on investment.
Andrew Fellner, Pres/CEO, said, “We are very pleased to complete the acquisition of Punta Perfecta. This brings to our portfolio very attractive building sites in Los Cabos. Our intention is to continue the construction already in progress at Punta Perfecta and build out the full 30 to 35 home subdivision there. This fits very well with our mission of developing eco-friendly homes and communities in attractive natural locales.”
About Strategic Global Investments, Inc.
Strategic Global Investments, Inc., a Delaware Corporation trading on the OTC exchange under the ticker STBV, is a real estate development corporation that specializes in creating eco-friendly communities in beautiful resort locations. Current properties under development are located in Los Cabos, Baja California Sur, Mexico. The company’s principal business office is located in Carlsbad, Ca.
About CEO Andrew Fellner
Strategic Global Investments CEO Andrew Fellner has been in real estate development and other related businesses for more than 30 years. He holds a law degree and a degree in accounting.
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SOURCE: Strategic Global Investments