SSP, thanks long on CHIP
News out for MPTV
PRESS RELEASE - FOR DISTRIBUTION
MPTV, INC. ANNOUNCES UPDATED PROPERTY APPRAISAL
NEWPORT BEACH, Calif., June 12 /PRNewswire/ -- MPTV, Inc. (OTC BB: MPTV)
MPTV, Inc. has submitted its updated property appraisal to complete the first
step to satisfy the conditions of Oxford International's $52,500,000
construction loan commitment.
CEO Hurley Reed stated that, "Our timely submittal of the updated appraisal
keeps the company on schedule for both the loan commitment review and for our
new business plan objectives. We fully expect to meet the remaining
conditions for the Oxford loan. In addition, the appreciation of the
property over the past year validates MPTV's longstanding belief in the value
of building a premier timeshare resort in the Harmon Corridor."
Oxford International is a private investment banking firm, established in
1994, to facilitate the financing of business, commercial development and
corporate investment opportunities. Partners of Oxford International include
local, national and international banks, investment trust, securities firms,
private investors, insurance companies, merchant banks, pension funds and
national asset-based capital providers. For further information, visit
Oxford International web page at www.oxfordint.com.
The Lake Tropicana Timeshare Resort is located in Las Vegas, Nevada between
the MGM Grand Hotel/Casino, the new Aladdin Hotel/Casino on the "Strip" and
the Hard Rock Caf‚ and Hotel/Casino on Paradise and Harmon Avenue. The
"Harmon Corridor" has been designated as a tourist's corridor and is
undergoing transformation with two new casino hotels and three large
timeshare projects planned for this area.
SOURCE: MPTV, Inc. Website: www.laketropmptv.com.
366 San Miguel, Suite 210, Newport Beach, CA 92660 Tel. 949-760-6747
CONTACT:
Serena Riedel, RealSense Investor Relations Tel. 717-786-7537
Email: MPTV@realsense.com |
