Intelligent Living Joint Venture With First Nations Could Produce $40 Million in Revenues Within Five Years
December 04 2010 - 10:15PM
Marketwired
Intelligent Living Corp. ("ILVC"), (OTCBB: ILVC), a leading
automation and technology solutions provider utilizing green
building practices, is moving forward on a three part joint venture
strategy that targets First Nations housing, small footprint new
and re-developed housing within the Greater Vancouver market and
export markets for small home technology. The joint venture
strategy combines ILC's energy management and automation expertise
with established First Nations domestic and offshore wood supply
and small footprint home manufacturing to achieve target joint
venture annual revenue of $40 million.
"Canadian Mortgage and Housing Corporation and National
Aboriginal Housing Association have estimated the immediate
sustainable demand for First Nations housing in British Columbia at
over 20,000 units per year. Amendment of residential zoning with
the greater Vancouver region has created the opportunity for over
90,000 units of new construction infill housing. Migration to
China's first and second tier cities has topped the equivalent of 5
million households annually since 2000 resulting in a critical
shortage of energy efficient, pre-manufactured small footprint wood
frame housing," stated Mr. Michael Holloran, President and CEO.
"Our joint venture combines the expertise of established players to
target these markets and is designed to achieve $20 million in
revenue within 3 years and $40 million within 5 years. This level
of revenue growth requires less than a 1% share of the greater
Vancouver infill market and 1.5 % of the First Nations home market
without contribution from off shore opportunities."
About ILVC (www.intelligentliving.us): Intelligent Living Corp,
utilizing green building practices, specializes in designing,
supplying, installing, upgrading and servicing home and commercial
automation systems including: energy use monitoring and control,
security, occupancy monitoring and access control, lighting and
HVAC control, and distributed audio/video systems. ILVC, a member
of the Canadian Green Building Council, has supplied custom IT
solutions since 1994 and automation solutions since 2003.
Safe Harbor Provision This press release
may include forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on the
Company's current expectations as to future events. However, the
forward-looking events and circumstances discussed in this press
release might not occur, and actual results could differ materially
from those anticipated or implied in the forward-looking
statements. Risk factors include, lack of liquidity, availability
of product, uncertainty concerning market acceptance of its
designs, competition and other risk factors as outlined in the
Company's SEC filings.
For more information, please contact: Intelligent Living Corp
www.intelligent-living.us (604) 876 7494