SOURCE: Metrospaces

March 01, 2015 23:08 ET

Metrospaces Issues Letter to Shareholders

MIAMI, FL--(Marketwired - Mar 1, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) issues letter to shareholders regarding projects and recent share price volatility.

Mr. Brito, Metrospaces CFO stated: "Our business continues to evolve and our fundamentals remain as described in our December 24, 2014, letter to shareholders and the earnings guidance set forth in our press release of January 15, 2015, is unchanged. Management is confident in the company's prospects and is determined to create shareholder value. Management owns a sizable portion of the company's equity, a large block of which was acquired by a stock-for-debt exchange. Management's compensation is long-term equity, thus, we believe that management's interests are firmly aligned with those of our shareholders. Even though our stock price has suffered certain volatility in the last days, we remain strong and fully committed to our business plan and earnings guidance for 2015-2017. Additionally, we take this opportunity to present to shareholders a visual report of the current 2015 grape harvesting season, already well under way. We are very excited because this year will be a record year for revenue from the sale of wine and wholesale grapes and because the revenue from the sale of this season's Ikal Lodge and Winery will be for the first time, consolidated under Metrospaces financials.

For Grape Harvesting Visual Report:
https://db.tt/UZ2Z71S1
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 America's and across Europe valued in excess of US $350Million.

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 America's and across Europe valued in excess of US $450Million.

Metrospaces' majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 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://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.

Contact Information