NORTH PALM BEACH, FL--(Marketwired - Jan 24, 2014) - AEGEA, Inc. (OTCQB: AEGA) ("AEGEA" or the "Company"), a planned mega-resort destination and international community in Florida, today commented on its progress after its first six months as a public company. Management reports that the Company is continuing to move forward with its plans to create a global entertainment destination and is receiving enthusiastic support both domestically and internationally. Over the past couple of months, management has been primarily focused on securing major funding commitments, contacting and meeting with investor groups based in various countries throughout the world, including China. The response from these potential funding sources has been very positive. The following are some of the other initiatives the Company is pursuing:
- Strategic alliances with entertainment and sports organizations interested
in becoming part of AEGEA;
- International governmental partnerships;
- Expansion of AEGEA's EB-5 foreign investor program, especially in Asia;
- Creation and protection AEGEA's intellectual property;
- Negotiation of additional land contracts, and completion of due diligence;
- Final selection of the project location;
- Development of conceptual site plans;
- Determination of required entitlements;
- Additional political support;
- Marketing AEGEA through a media campaign.
"Management is pleased with the Company's achievements over its first six months and continues to follow its business plan, working on multiple fronts every day in the areas of financing, land acquisition, concept development and business alliances. We have been meeting with investor groups and entertainment-related companies from a number of countries over the past few months and the reaction to AEGEA has been amazing. We are more confident than ever and expect to be announcing some significant strategic partnerships and funding commitments in the near future. As we build a solid foundation for long-term success, we would personally like to thank AEGEA's shareholders for sharing the vision with us," commented Keith Duffy, President and CEO of 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.