The Go Eco Group (LIBE) Executes Letter of Intent with Libra Fund, LLC for $12 Million Acquisition
April 03 2018 - 8:30AM
InvestorsHub NewsWire
Chester, NY -- April 03, 2018 -- InvestorsHub
NewsWire -- The Go Eco Group Inc. (OTC PINK:
LIBE) is pleased to announce that it has entered into
a letter of intent (“LOI”) with Libra Fund LLC to fund a joint
venture to acquire the property formerly known as the “Great Gorge
Playboy Club” in Vernon, NJ. The acquisition cost is not to exceed
$12,000,000 and is subject to the completion of due diligence.
LIBE’s intends to renovate and develop a 55 and older retirement
community that’s eco-friendly within the 618 room, 8 floor hotel.
The goal is to create a vibrant, 877,000 square foot center with
amenities to include restaurants, health and fitness, and retail
shopping. Tenants should be able to spend a majority of their
income within the facility and surrounding attractions.
“We are aligned with the regions’ natural and recreational assets
that include year-round skiing and waterpark at Mountain Creek, the
Appalachian Trail, and the Wawayanda State Park. Adjacent is also
the Great Gorge Golf Course, plus the $500 million Legoland Theme
Park slated to open just miles away across the boarder in Orange
County, NY in 2020” stated Brian Conway, CEO of LIBE. "We
have brand name retailers interested in opening within the
first-floor concourse and have already pledged 150 parking spots
for NJ Public Transportation to give our tenants direct access to
New York City” continued Mr. Conway. “With this partnership with
the Libra Fund, we can complete our due diligence and make an offer
on the property, of which we’ve agreed with the owner, Mr. Meyers
thus far.”
About Libra Fund,
LLC.
Libra Fund, LLC, is a private investment fund company geared
towards ultra-high net worth individuals, businesses and
institutions. We capitalize, strategize and manage traditional and
alternative investments with a focus on commercial real estate
development.
About The Go Eco Group
Inc.
The Go Eco Group Inc. is a diversified
energy services holding company delivering conventional as well as
non-conventional energy solutions throughout North America. For its
customers, Liberated is an energy products and services company
reducing the everyday cost of energy to its clients. For its
shareholders, Liberated operates and acquires a diverse array of
energy products and service companies with proven revenues and
operations. Its mission is to be the best small cap energy services
company of its kind in North America.
Safe Harbor for Forward-Looking
Statements: This
press release may contain forward-looking information. There are
many factors that could cause the Company's expectations and
beliefs about its operations, its services and service offerings,
its results to fail to materialize. All forward-looking statements
in this press release are based on information available to us as
of the date hereof, and we assume no obligation to update these
forward-looking statements.
Contact:
Brian
Conway
CEO
The Go Eco Group
Phone:
(845) 610-3817
http://theguardlite.com
www.quinsalesandmarketing.com