SAN DIEGO, CA (Oct 21, 2015) — Strategic Global Investments, Inc. (OTC: STBV) (the “Company”), a development stage company focused on building luxury time share units on its 10 acre parcel of land in Los Cabo, Baja, Mexico, is pleased to announce the construction plans to complete its first small luxury villa.
As announced in our recently released Corporate Update, the Company has placed tremendous focus on building out its Time Share property in Los Cabos, Baja, Mexico. The economic environment has become increasingly favorable for the Company to execute its ongoing business plan and complete the first Small Luxury Villa (“SLV”). The initial 5000 square foot showcase SLV is currently 65% complete. The additional 29 villas on the debt free property will be between 2300 to 2500 square feet and will be constructed as market demands dictate.
Andrew Fellner, CEO of the Company, commented, “We initially invested in the project prior to the 2008 market crash. We’ve since seen a massive recovery in the time share market, which has prompted us to continue construction of our first Villa to meet current market demand.” He added, “It’s a very exciting time for the Company and to see our new business plan coming to fruition further validates our vision.”
Strategic Global Investments, Inc.
Strategic Global Investments, Inc. currently owns a 10 acre development property in Los Cabos, Baja that provides it with a substantial asset base and future income. The company has obtained the required building permits, environmental approvals and all other government approvals that are required for construction of current units planned for this project. The company has a real estate development subsidiary, which specializes in developing Eco-friendly, luxury real estate in highly desirable vacation destinations. This subsidiary looks to acquire and develop land in resort locales, and then build, market and sell small luxury resort homes, called Small Luxury Villas (“SLV”) on a fractional ownership basis.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking statements” as that term is defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, use of proceeds and the development, costs and results of current or future actions and opportunities in the sector. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies, our ability to raise the additional funding we will need to continue to pursue our exploration and development program, and our ability to retain important members of our management team and attract other qualified personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
PRESS RELEASE SOURCE: Strategic Global Investments
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