SOURCE: AEGEA, Inc.

October 23, 2013 09:53 ET

AEGEA Identifies Two Possible Sites for Its Mega-Resort Destination in Florida

AEGEA Moves Forward With Land Negotiations After Receiving Financing Commitments

NORTH PALM BEACH, FL--(Marketwired - Oct 23, 2013) - AEGEA, Inc. (OTCQB: AEGA) ("AEGEA"), a planned mega-resort destination and international community in Florida, announced today it is evaluating two excellent potential sites for its mega-resort destination project. AEGEA has also begun negotiations on several land parcels, after recently receiving financing commitments. The final determination of the location should be completed over the next 60 days. Each of the sites is centrally located relative to a large percentage of Florida's residents and visitors, is near major transportation routes, and has access to utilities. Certain parcels being considered already have some entitlements, which should help expedite governmental approvals for the project.

AEGEA's objective is to acquire enough land to accommodate the project's growth with multiple phases over many years. One of the unique features planned for AEGEA is the creation of hundreds of acres of waterways and lagoons of crystal clear water, the first of its kind in the U.S. and planned to be the largest in the world. Essentially, AEGEA plans to create miles of waterfront property with breathtaking views. Introducing its Entertainment Living™ brand, AEGEA will be designed to provide residents and guests with an unmatched array of theme park attractions and other entertainment as well as an opportunity to experience authentic cultures and architecture from around the world. 

"We are very pleased to have identified two excellent potential sites for AEGEA, each of which can satisfy our acreage and transportation requirements. I can appreciate some of what Walt and Roy Disney must have experienced 50 years ago when they tried to execute their vision and began the process of locating suitable land in Florida for Walt Disney World. Our focus now is to bring the discussions to a successful close and begin the Phase I planning process, with the goal of breaking ground sometime next year," said Keith Duffy, President and CEO of AEGEA.

ABOUT AEGEA

AEGEA, Inc. is developing a spectacular experience for guests and an idyllic lifestyle for residents by blending world-class entertainment with culture and timeless architecture, introducing its Entertainment Living™ brand. AEGEA is committed to building a sustainable and environmentally conscious community. AEGEA's mission is to pursue innovation, increase shareholder value, and strive to better the lives of its visitors and residents. AEGEA's plans include luxury hotels, residences, restaurants, cultural experiences, an Olympic-style sports complex, themed attractions, an equestrian village, vast blue water lagoons and waterways, and authentic, timeless architecture selected from around the world. While similar in some respects to other large-scale, multi-purpose destination properties, AEGEA's design will be unique in that the sprawling complex will include a mix of residences and hospitality, entertainment and culture inspired by an advanced civilization dating back 4,000 years. Located within the state of Florida, AEGEA enjoys the distinct advantage of a massive nearby resident and visitor population base from which to draw attendance and ownership.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, AEGEA, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors who qualify under the EB-5 program.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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