October 14, 2013 16:00 ET

AEGEA Signs Agreement With South Asia Group for EB-5 Funding Commitment

NORTH PALM BEACH, FL--(Marketwired - Oct 14, 2013) - AEGEA (OTCBB: AEGA) ("AEGEA" or the "Company"), a planned mega-resort destination and international community in Florida, announced today that in furtherance of its EB-5 foreign investment program it has signed an agreement with a South Asia group, ADN Consulting, Inc. ("ADN") which represents potential EB-5 investors residing throughout southern Asia. ADN expects to close on funding commitments for $6 million from its first wave of EB-5 investors over the next 60 days. Thereafter, ADN expects to close on funding commitments from EB-5 investors during the coming months. Under this agreement, ADN will use its best efforts to introduce investors to AEGEA and coordinate with their U.S. Immigration counsel's efforts to qualify, prepare and file USCIS (United States Citizenship and Immigration Services) EB-5 application petitions associated with their investments. AEGEA will support the efforts of its prospective EB-5 investors by supplying documentation and information on AEGEA's planned resort project, including marketing and promotional materials. Part of AEGEA's financing strategy is obtaining foreign investment through the USCIS EB-5 Immigrant Investor Program. 

Under the USCIS EB-5 Immigrant Investor Program, certain foreign investors, who can demonstrate that their at-risk investments are creating U.S. jobs, become eligible to apply for conditional lawful permanent residency in the United States. The purpose of the EB-5 program is to help boost the U.S. economy through foreign investment, by creating jobs and providing venture capital. After making the investment, the qualifying investor, their spouse and their unmarried children under the age of 21-years-old will receive conditional green cards for two years, at which time the investor and his or her family may be eligible for permanent residency. All EB-5 investors introduced by ADN shall be non-U.S. persons as defined by Regulation S promulgated under the Securities Act of 1933, as amended.

The minimum EB-5 qualifying investment in AEGEA will be $500,000, due to the fact that the project will be located in a TEA (Targeted Employment Area), which is a region in the U.S. designed as rural or with high unemployment. EB-5 investors in AEGEA can either pursue a direct investment in the project or make an investment in AEGEA through Florida EB-5 Regional Center, LLC. AEGEA recently announced it had entered into an agreement with Florida EB-5 Regional Center, LLC, which has a number of projects under its statewide regional center.

"Our group is pleased to be associated with AEGEA and has already received enthusiastic investor support," said Jerry Shahriar, Principal of ADN Consulting, Inc. "As a public company with SEC oversight, and with a registered broker-dealer as the placement agent, AEGEA is uniquely positioned among EB-5 projects," he added.

"The agreement with ADN should move our EB-5 program forward dramatically, giving us a significant presence in that part of the world. As an international project and world cultural exposition, AEGEA and its Entertainment Living™ brand should have broad appeal to foreign investors," commented AEGEA's President and CEO, Keith Duffy.

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.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of AEGEA, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding ADN's ability to secure investors who qualify under the EB-5 program. Such risks and uncertainties include, among other things, risks related to whether and when ADN will be able to identify suitable investors and risks related to the EB-5 program and immigration. AEGEA assumes no obligation and does not intend to update these forward-looking statements.

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