Victura Construction Group Signs LOI with Tolltech Integrated Healthcare Solutions Corporation
July 07 2015 - 10:45AM
Access Wire
FORT WORTH, TX / ACCESSWIRE / July 7, 2015 /
Victura Construction Group, Inc., (OTC: VICT) (the "Company"), a
development stage construction company, is pleased to announce that
it has signed a Letter of Intent to acquire Tolltech Healthcare
Integrated Solutions Corporation "THIS."
Tolltech HealthCare Integrated Solutions Corporation, the
general partner of the Lake Okanagan Wellness Centre Limited
Partnership has partnered with The Westbank First Nation, to
facilitate the development of a five-star private wellness center
on Westbank First Nation lands in the Okanagan community of
Westbank, British Columbia, the first of its kind in Canada.
The Lake Okanagan Wellness Clinic will be a world-class private
clinic and 5-star wellness resort located in West Kelowna, British
Columbia. The project will be developed in several phases with the
first phase consisting of a 200,000 square foot, 82 room private
clinic complete with ten state-of-the-art operating rooms,
radiology department (MRI-CT Scans, Ultrasound), a laboratory (DNA
analysis), outpatient clinics and day surgery
rooms. Subsequent phases of the resort property will include a
Senior Care Facility, Restaurant, Residential Units and further
Healthcare related facilities and clinics. The project is designed
to add an additional 100 clinical beds for future development.
Total cost to the project is 120 to 150MM CAD. Further due
diligence regarding the project is being conducted at this
time.
Said CEO Charly Everett: "Victura is thrilled and honored to
partner with Tolltech Healthcare Integrated Solutions Corporation
to participate in such a seminal project. The building and
establishing of a facility that will impact so many lives is
consistent with Victura's core development principals of
operations. We relish the role of being difference makers in
our world and for our company to have the opportunity to affect
lives for generations to come is truly humbling."
The Westbank First Nation is one of the most progressive,
successful aboriginal First Nation groups in Canada. Having
achieved self-government in 2005, they have experienced
unparalleled and explosive growth. With a stable and
sophisticated government and leased land system, and large amounts
of undeveloped serviced land, adjacent to Kelowna and bordering
Lake Okanagan (one of the most desirable areas in Canada),
commercial and residential developers are scrambling to gain a
foothold for their projects on this Reserve. Projects over $10
million qualify for title insurance, unique to WFN lands, and First
Nation lands in Canada. Financial institutions will lend to
projects leasing land and the land can be leased for up to 99
years. Over 10,000 non-member residents currently reside on WFN
lands.
SAFE HARBOR
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
All statements other than statements of historical facts included
in this report regarding our financial position, business strategy,
plans and objectives of management for future operations, industry
conditions, and indebtedness covenant compliance are
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convey the uncertainty of future events or outcomes. Items
contemplating or making assumptions about, actual or potential
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results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our
company's control) that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including the following: oil and gas prices, general economic or
industry conditions, nationally and/or in the communities in which
our company conducts business, changes in the interest rate
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factors affecting our company's operations, products, services and
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We have based these forward-looking statements on our current
expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
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and uncertainties, most of which are difficult to predict and many
of which are beyond our control.
Contact:
Victura Construction Group, Inc.
Patrick J. Johnson
Chief Communications Officer
817.546.3212
IR@victuraconstruction.com
SOURCE: Victura Construction Group,
Inc.
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