DALLAS, June 13, 2013 /PRNewswire/ -- South American
Properties (OTCPink: SAMP), a Company focused on commercial real
estate opportunities focused in South
America, is proud to announce our first project the Colan
Marina in Peru has completed the
initial blueprinting and the survey work of the work site and
architectural drawings have been completed for the first two Phases
of the project. An exciting opportunity has arisen for South
American Properties in recent weeks to purchase additional land
tracks adjacent to the existing property that has been purchased
which will allow for further expansion of the community in the
future. The company plans on announcing the official ground
breaking of the project soon. President and CEO Jeffrey Love stated, "We are pleased the project
is moving forward and that the $30 million
dollar Phase I part of the project will fill the need for a
high-end secure Marina facility that is currently not available in
the country of Peru."
South American Properties has just has embarked on Phase I of
the Colin Marina Complex: A $30 million
dollar full service luxury marina called Colan Marina near
the port of Paita in northern Peru. Colan Marina will be a planned full
service marina and lake with 150 slips, dry dock facilities,
maintenance and fuel service and full 24-hour security. A rock
jetty will be constructed to calm any waves allowing a smooth entry
into the canal and marina. The marina will be land locked and
secure from weather. Plans call for a small draw bridge that will
allow traffic along the beach when boats are not entering. The
marina will be a man-made construction to be created by excavation
of a salt flat bordering the emerald bay beach on the west and
100-foot cliffs on the east. A canal 24-meters wide and 200-meters
long will connect the marina from the Pacific Ocean. It will be
connected to electric and water services.
Phase II of the project also includes a Marina Club, Casino, Bar,
Hotel, Retail Stores, Night Clubs, Yacht Club, a Convention Center
as well as apartments and condos for sale and rent.
In an effort to provide the shareholders with more transparency
we have launched a website for South American Properties at
http://www.southamericanpropertiesinc.com/. The website will
showcase South American Properties projects and also has a section
with photographs of the project.
South American Properties has updated information
at OTCMarkets. The page can be found viewed at
http://www.otcmarkets.com/stock/SAMP/. The purpose of this
exercise was to provide SAMP shareholders more transparency and
confidence.
Colan is the entrance to the beaches of the north of Punta Sal,
Mancora and Tumbes where there is surfboarding, swimming and
fishing, and could be a day-and-one-half sail to Ecuador. It's additionally the entrance to the
famed Galapagos Islands a 2-to-3-day sail from Colan. Piura is that
the nearest main town of northern Republic of Peru and is thirty miles away with business
field facilities and immigration officers to receive international
flights. it's a one-hour-and-twenty-minute flight from capital city
of Peru Lima.
About South American Properties
South American Properties, Inc., formerly Texas Hills Barbecue,
Inc., is a Nevada Corp. based in Dallas,
Texas, that plans to acquire and develop real estate
properties, and other income generating assets located in
South America with a more specific
focus on the country of Peru. The Company believes
significant opportunities exist in the countries of South America, and it plans to leverage its
close relationships with contacts in the region. South
American Properties may also enter into real estate projects in
Latin America, Mexico, or island countries in the
Caribbean.
South American Properties, Inc. (OTCPink: SAMP) trades on the
pink sheets under the ticker symbol "SAMP". For additional
information, please visit South American Properties Corporate
website at: http://southamericanpropertiesinc.com/
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas,
TX, is a Company focused on residential and commercial real
estate. Through our Strategic Alliance with Texas Real Estate Hedge
Fund, MMR Realty Advisors, and InterContinental Real Estate
Partners, LIG Assets will expand its focus on multifamily, retail,
hotel, and office properties with valuations between $3 and $100 million. LIG Assets, Inc. trades on
the pink sheets under the ticker symbol "LIGA". For additional
information, please visit LIG Asset's corporate
website: www.ligassetsinc.net.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings and disclosures
at www.OTCmarkets.com.
Brittany Freeman
LIG Assets, Inc.
Phone: (214) 760-1000
www.southamericanpropertiesinc.com
SOURCE South American Properties, Inc.