MC Endeavors Seeing Haiti Reconstruction Starting to Advance after Receiving Requests for JV Partnerships
June 01 2011 - 8:33AM
Business Wire
MC Endeavors, Inc. (Pink Sheets: MSMY) announced
that in the wake of the Haiti earthquake of nearly a year and a
half ago, credible sources are indicating that funding for
permanent housing in Haiti is finally starting to flow. This is a
significant development as more than an estimated 600,000 displaced
Haitians are still living under tents and tarps.
We are currently receiving requests for joint venture
partnerships and private property contracts to work on permanent
housing projects in Haiti that total over $22M so far.
International organizations such as the Inter-American Development
Bank (IDB), United States Agency for International Development
(USAID), Non-Governmental Organizations (NGOs) and private
financiers are now accelerating the approval and flow of funding
for permanent construction---as they diminish funding for and move
away from transitional housing.
It is important to reiterate that the international community
has pledged more than $5 Billion in reconstruction assistance
funding for Haiti. These funds will be jointly approved for
implementation by the Interim Commission for the Reconstruction of
Haiti (IHRC) which was established in the months following
the earthquake and the new Government of Haiti led by President
Michel Martelly.
It is anticipated that a number of NGOs, multilateral
international organizations and bilateral donors will be proposing
the financing and implementation of permanent housing, debris
removal and other reconstruction programs totaling many millions of
dollars over the next few months.
Former US Ambassador, first “US Response Coordinator” for the
Haiti earthquake and MC Endeavors Board Member Lewis Lucke
stated, “It is time to move from transitional to permanent housing
and that funding for it be provided as soon as possible. President
Martelly has stated his commitment to permanent housing—and we all
truly hope his vision will soon be realized.”
MC Endeavors CEO Tim Algier emphasized that, “Our trip to
Haiti this month will be undertaken to survey the potential site
where our factory may be built as well as survey the private
property sites where multi-use developments will be master planned.
We welcome the opportunity to be part of the reconstruction team of
firms that will be building new community-based, affordable, and
durable permanent housing and commercial buildings that will
establish critically needed new communities and providing renewed
hope for Haitians.”
MC Endeavors, Inc.
- International Smart-Grid Home
Builder
- Earthquake & Hurricane Resistant
Residences
- Independent Self-Sustainable Community
Developer
- Green Master Planning – LEED
Certified
- Solar Energy & Wind Energy
- Multi-Fuel Powered Generators
- Sewer Digestion & Remediation
Systems
- Water Remediation & Retention
Storage Systems
FORWARD-LOOKING
STATEMENTS
The information contained in this release consists of
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such
statements. Such forward–looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing, market
acceptance, future capital requirements, and competition in general
that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward – looking
statements whether as a result of new information, future events or
otherwise.
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