September 12, 2013 09:00 ET

AEGEA Management Comments on Economic Impact Study and Favorable Trends for Florida

NORTH PALM BEACH, FL--(Marketwired - Sep 12, 2013) - AEGEA, Inc. (OTCQB: AEGA) ("AEGEA" or the "Company"), a planned mega-resort destination and international community in Florida, today commented on recently released highlights from a report issued by Evans, Carroll & Associates, Inc., an economic consulting firm specializing in EB-5 projects. The report provides an economic impact study and EB-5 analysis for the construction and operation of AEGEA. The report confirms that AEGEA, when completed, would have a significant impact on Florida's economy in terms of both revenue and job creation. In addition, there are a number of trends relating to tourism, population growth and demographics in Florida which the Company feels could be favorable to the project.

VISIT FLORIDA, the state's official marketing agency, reports that Florida tourism is at record levels for the first half of 2013, with a 4.2 percent increase over 2012. This increase for 2013 follows two consecutive record years for visitors to the state. In 2012, there were 91.4 million visitors to Florida, making it the world's favorite vacation destination. Tourism is the number one industry in Florida, and tourism-related spending, sales taxes and employment are all at record levels. Recognizing the paramount importance of tourism to Florida's economy, Florida's governor has pledged to increase VISIT FLORIDA's funding from $54 million to $64.5 million in the next fiscal year (2013-2014). TEA/AECOM reports that theme park attendance in Florida continues strong, with the eight major theme parks showing a 2.5 percent increase in 2012, from 70.653 million to 72.391 million.

According to the U.S. Census, Florida's population growth ranks third in the nation. This growth trend, fueled in part by the number of Baby Boomers retiring to Florida, is expected to continue over the next several years and propel Florida past New York as the third most populous state. The warm weather and the absence of a personal income tax are the two primary reasons why Florida remains popular among retirees. Nationwide, approximately 10,000 Baby Boomers turn age 65 per day, which will continue for the next 19 years, according to the Pew Research Center.

"We believe that the positive economic trends in Florida make this location the ideal place for AEGEA. The EB-5 economic study by Dr. Evans validates that the finished project would create a major destination in Florida. One of the most effective ways to help boost Florida's recovering economy is through increasing the number of visitors as well as their length of stay and spending, which we feel can be accomplished through AEGEA. We are proud to be taking an active role in potentially fueling Florida's economic growth," said Keith Duffy, Co-Founder, President and CEO of AEGEA.

About Evans, Carroll & Associates
Evans, Carroll & Associates has been providing economic forecasting and consulting to clients since 1981. In recent years, the firm has specialized in providing the underlying economic analysis for EB-5 programs, determining the number of total permanent new jobs that will be created by new projects funded by foreign investors in EB-5 projects. The firm uses the IMPLAN and RIMS II regional input/output models to calculate the employment or output multipliers for each project. Evans, Carroll & Associates is one of the most respected firms offering this type of analysis.

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 developing 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 finance, acquire and develop AEGEA's planned resort, our ability to attract investors who qualify under the EB-5 program and our expectations regarding our future revenues.

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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