SOURCE: Metrospaces

February 19, 2015 20:58 ET

Metrospaces Announces Record Breaking Wine Harvesting Season With Guaranteed Sales of Approximately $250,000 in the Ikal Lodge and Winery Project

MIAMI, FL--(Marketwired - Feb 19, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) announces record breaking wine harvesting season at the Ikal Lodge and Winery Mr. Silva, Metrospaces CEO stated: "This week ends with good news from Mendoza. Today we will begin wine harvesting season which will last through February and the first 2 weeks of March. So far, we can tell that we will have approximately 510,000Kgs of premium wine grapes, in comparison with last year's 360,000Kgs, a 40% increase year-over-year. We will keep approximately 20% of the production for our own Premium Malbec, Pinot Noir, Chardonnay and Sauvignon Blanc. The rest of the harvest will be delivered in the coming days to our clients Pernod Ricard and "Los Haroldos", a major local wine producer, which have bought our entire production. Deliveries are made on a daily basis, as it is necessary to deliver grapes as fast as possible to our clients' fermentation tanks. As per accounting rules, we will book revenue like we have done every year, April-May which is when invoices are sent out, and payments received. This will be consolidated for the first time under Metrospaces financials starting second quarter.

See:
www.ikal1150.com
For a link to the "IKAL LODGE AND WINERY" project:
https://db.tt/Rhwoq8SV
For a link to our 3 hotel projects currently underway:
https://db.tt/lXwggoal
https://db.tt/MnqmxbTy
https://db.tt/StIPXi3H

About Metrospaces
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela. It is operated by an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the Americas and across Europe valued in excess of US $450Million.

Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.

Metrospaces is a boutique real estate development company, a product of the alliance of Metrospaces shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the Americas and across Europe valued in excess of US $450Million.

Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London BVLGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.

Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.

Metrospaces was originally founded by company President Oscar Brito.

About Ikal Lodge and Winery:
Ikal Lodge and Winery is a 75 hectare wine-based vacation home/hospitality real estate project. The project consists of a 25-master suite luxury hotel, a winery and 29 luxury villas that will be sold under fractional ownership. Ikal currently sells its award-winning wines in Spain, Mexico and the US. See: www.ikal1150.com.

Relevant Links:
http://www.metrospaces.net/

Safe Harbor Statement:
Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

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