SOURCE: AEGEA, Inc.

October 03, 2013 16:33 ET

AEGEA Reaches Agreement With Florida EB-5 Regional Center, Expanding Foreign Investment Opportunities

NORTH PALM BEACH, FL--(Marketwired - Oct 3, 2013) - AEGEA (OTCBB: AEGA) ("AEGEA" or the "Company"), a planned mega-resort destination and international community in Florida, announced today that it has reached an agreement with Florida EB-5 Regional Center, LLC ("Florida EB-5 Regional Center"), one of two Florida state-wide EB-5 regional centers approved by the United States Citizen and Immigration Services (USCIS). AEGEA previously announced that it initiated an EB-5 foreign investment program as part of its financing strategy, allowing for direct investment into its planned project. This agreement with Florida EB-5 Regional Center will allow for EB-5 investments in AEGEA to be made through a Regional Center as part of a portfolio of investments relating to its respective EB-5 projects within Florida in addition to direct EB-5 investments into the Company The securities to be offered in our EB-5 program will not be offered or sold in the United States and have not been registered under the Securities Act of 1933.

Administered by the USCIS, a division of the U.S. Department of Homeland Security, the EB-5 Immigrant Investor Pilot Program was created by Congress in 1990 and enacted into law on October 6, 1992. The program enables U.S. commercial enterprises to utilize capital from foreign investors to benefit the U.S. economy, and to create American jobs. The foreign investors, their spouses and their unmarried children under the age of 21 can earn their green cards if their investment leads to the creation of 10 full-time jobs for qualifying U.S. workers. The minimum investment is $500,000 for projects located in TEAs or Targeted Employment Areas, geographic regions designated as rural or with high unemployment. An EB-5 Regional Center is an economic entity which is involved with the promotion of economic growth within a specified geographic area, and may have several projects provided they are within its USCIS approved industry categories. One of the benefits of the Regional Center is the broader interpretation of job creation, allowing for direct, indirect and induced jobs. According to the USCIS, in fiscal 2012, the EB-5 Program was estimated to have impacted over 42,000 American jobs and brought over $2.1 billion into the U.S. economy.

"The use of a state-wide Regional Center in Florida will provide additional opportunities for foreign investment in AEGEA. Many foreign investors look toward Regional Centers for added credibility and assurance that a project has been fully vetted. Florida, with its vibrant economy and great climate, has become very attractive to investors around the world, and many of these investors will look for projects through a Regional Center," said Larry Behar of Behar Law Group, an immigration law firm specializing in the EB-5 Program. Mr. Behar, who has published several books on the EB-5 Program in multiple languages, has approximately 35 years of experience in immigration law and represents several prospective EB-5 investors in AEGEA.

"We are very excited to have an epic project like AEGEA under our Regional Center. As a public company, and with a FINRA registered broker-dealer as the placement agent, there is an added layer of oversight with AEGEA, which many investors are looking for. An investment in AEGEA can be structured as either a loan or as equity," said Dennis Slater, owner of Florida EB-5 Regional Center, LLC. "Our new website at fleb5.com offers potential foreign investors clear and concise information and step-by-step instructions on how to invest through the EB-5 Program, and includes details on each of the projects in our portfolio," he added.

"We are pleased to be working with Dennis Slater and the Florida EB-5 Regional Center. The option for foreign investors to go through a Regional Center will enhance AEGEA's ability to raise capital through our EB-5 program, and will be an important ongoing component in our financing strategy," said AEGEA's President and Chief Executive Officer, Keith Duffy.

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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