November 12, 2013 09:30 ET

AEGEA Signs Letter of Intent With Premier Equestrian Developer

World Development Group International to Build Equestrian Community and Facilities in AEGEA

NORTH PALM BEACH, FL--(Marketwired - Nov 12, 2013) - AEGEA, Inc. (OTCBB: AEGA) (OTCQB: AEGA) (the "Company"), a planned mega-resort destination and international community in Florida, announced today it has signed a non-binding letter of intent as the first step toward a definitive agreement with World Development Group International ("WDGI"), a construction company that specializes in designing and building high-end equestrian complexes and residences. The relationship would allow WDGI to become the exclusive development partner of AEGEA's planned equestrian homes and world-class sporting facilities, including a first ever designed indoor polo stadium, racetrack, 60,000 seat indoor equestrian stadium and arenas to accommodate the Olympic disciplines of dressage, eventing, hunter/jumper, driving, reining as well other equestrian disciplines, tournaments, shows and activities. With these venues, AEGEA and WDGI intend to attract national and international equestrian competitions. 

In 2012, WDGI completed the Global Dressage Complex in Wellington, Florida, which consists of one of the largest clear span covered arenas in the world, large styled horse barns housing several hundred horses, and other structures, making this facility a world-class international equestrian event center. 

According to the International Equestrian Federation (FEI), equestrian sport has seen record growth worldwide, and is expected to continue increasing. The number of equestrian events in the seven FEI disciplines has grown by 33 percent from 2008 to 2012, with more than 3,200 events taking place on seven continents last year. 

A 2012 study published by Alltech called "The State of the Equine Industry" shows the annual economic impact of equestrian-related commerce in the U.S. is approximately $135 billion, supporting a total of 1.6 million full-time jobs. There are an estimated 9.9 million horses in the U.S. The economic impact of the equestrian industry in Florida is $5.1 billion, providing 104,700 direct and indirect full-time jobs, according to the American Horse Council. Florida has the third largest horse population of any state, at over 500,000.

"WDGI is proud to become a development partner with AEGEA in creating an exclusive, world-class equestrian community with unmatched facilities and amenities. Our community will be specifically designed for the equestrian lifestyle, with riding trails throughout, and spacious homesites with a wide selection of luxury villas, homes and private estates," commented Carl Ragosta, Director of World Development Group International.

"We are fortunate to have found a company as experienced and well-respected as WDGI to design and develop the equestrian component of AEGEA. The letter of intent with WDGI demonstrates our commitment to building the finest equestrian community and sporting venues in the world," said Keith Duffy, President and CEO of AEGEA. 


With over 25 years of global industry experience and teams of licensed experts who provide full service commercial, retail and residential property development, World Development Group International delivers the highest standards and consistently exceeds expectations. Since its inception in 1978, World Development Group International has provided construction and land services to a broad range of clients and projects, from public to governmental agencies. World Development Group International's scope of expertise includes the development of equestrian communities and equestrian-themed resorts worldwide, with innovative architectural and engineering designs for its commercial show complexes. 


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.


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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