SOURCE: Andros Isle Development Corporation

September 04, 2007 06:50 ET

Andros Isle Development Corporation Appoints New Member to Its Board of Directors

LAS VEGAS, NV--(Marketwire - September 4, 2007) - Andros Isle Development Limited Corporation (PINKSHEETS: AVPJ) is pleased to announce the appointment of Delroy Cowan to the company's Board of Directors. Mr. Cowan has over 30 years of success in business and real estate development. A native of Jamaica, Mr. Cowan founded one of that country's largest tire retailers, Tire King, during the 1980s. In addition to the successful retail business, Mr. Cowan also developed several major residential and commercial properties, including one of the largest amusement parks in the Caribbean. Upon coming to the United States in 1987, Mr. Cowan began to acquire apartment buildings and commercial properties, refurbishing them for rental or resale. In recent years he has moved into the development of hotel condos, and residential subdivisions. His company, Georgia Estate Homes, is currently developing six residential subdivisions in Southern Georgia.

Donald Harper, President and CEO of Andros Isle Development Corporation, stated: "Delroy Cowan's many years of experience in the turnkey development of residential properties will be an invaluable resource for Andros Isle as we begin the development of our residential properties. We are extremely excited to have Mr. Cowan joining our team."

About Andros Isle Development Corp.

Andros Isle Development Corporation (PINKSHEETS: AVPJ) is a publicly traded real estate development company that specializes in the acquisition and development of luxury resorts in the Caribbean Basin, and in converting luxury hotels into Condo Hotels. The company's principal objective is sustainable, long-term growth in earnings through the acquisition, development and re-sale of luxury resort properties.

Safe Harbor Statement:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision.

Contact Information

  • For further information please contact:
    Investor Relations Contact:
    Steven Becker
    (702)386-5379