ProGreen publishes preview of Cielo Mar development plan
February 26 2018 - 11:00AM
InvestorsHub NewsWire
San Diego, CA --
February 26, 2018 -- InvestorsHub NewsWire -- ProGreen US, Inc.
(ProGreen), (OTCQB:
PGUS - ISIN: US74327M1027), www.ProGreenUS.com, Twitter @ProGreenUS, www.CieloMarBaja.com. ProGreen today published preview
documents and media for the Cielo Mar development plan. Cielo Mar
is being planned as a totally green, 5,000-acre resort-style
vacation and retirement community on the Pacific coast of Baja
California, Mexico.
Estrada Engineering & Construction, an Ensenada-based
architecture and construction company, was brought into the Cielo
Mar project to complete a preliminary master plan and commercial
presentation for the development.
A preview of the materials has been posted today on the Cielo Mar
website (CieloMarBaja.com), including draft versions of drawings,
presentation documents and a 3D virtual tour video.
The preliminary plan and commercial presentation are expected to be
completed within the month of March. This coincides with the
expected completion of an appraisal of the Cielo Mar property by
CBRE in the mid-March time frame, for which the site inspection was
conducted on February 15.
Notifications of news, pre-sales offerings for lot reservations,
and updates related to the progress of the development, are now
being distributed by email to interested parties that have
signed up on the website.
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About ProGreenUS,
Inc.
ProGreenUS,
Inc., www.ProGreenUS.com, based in San
Diego, California, 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 5,000 acres of land with
4.5 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."
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.
CONTACT
INFORMATION
· ProGreenUS,
Inc.
· Jan Telander,
CEO