BLOOMFIELD HILLS, MI--(NewMediaWire - May 31, 2017) -
ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US
company engaged primarily with investments in agricultural and real
estate projects in Baja California, Mexico, both through its joint
venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel)
and through its majority-owned Mexican subsidiary Procon Baja JV
(Procon), www.CieloMarBaja.com.
ProGreen is very pleased to communicate that the First
Reservation Offer for its ocean front development in Baja
California, Cielo Mar, is drawing to a close. 24 of the 30 lots
that were offered now have executed reservation agreements, leaving
only 6 available with one additional reservation request pending.
There are also 6 commitments for early construction, once the
planning has been approved. See details at https://www.cielomarbaja.com/first-reservation-offer/.
Revenue from these reservations, once the definitive purchase
agreements have been executed, is expected to be close to $3.5
million USD including the construction of 6 houses.
"In February we set a preliminary goal to sell 25 lots during
the first year. As we already have 24 lot purchase reservations
since launching the offer in late April, we do expect to present a
substantially revised goal in the near future," says Jan Telander,
President and CEO.
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
https://progreenus.wordpress.com/
About ProGreen US, Inc.
PROGREEN US, INC., www.ProGreenUS.com, based in Bloomfield,
Michigan, is engaged primarily with investments in agricultural and
real estate projects in Baja California, Mexico, both through its
joint venture partnership with Inmobiliaria Contel S.R.L.C.V.
(Contel) as well as through its majority-owned Mexican subsidiary
Procon Baja JV (Procon). Contel is now active in the high margin
produce industry, growing crops for exporters to the US market,
with an abundance of land available for expansion under our JV
partnership. Procon has recently acquired 5,100 acres of land with
4.7 miles of oceanfront on the Bay of El Rosario, for which a
master plan is being drawn for the development of a very large,
totally green, international vacation and retirement community
called "Cielo Mar."
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may
constitute 'forward-looking statements' within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
'Forward-looking statements' are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks, uncertainties and other factors that could cause
actual results or events to differ materially from those
anticipated.