Monday April 17, 12:39 pm Eastern Time
Company Press Release
CVI Development, Inc. Announces Completion of First Land Purchase
MANCHESTER, N.H., & TULSA, Okla.--(BUSINESS WIRE)--April 17, 2000--CVI Development Inc., an operating subsidiary of Corporate Vision Inc. (OTC BB: CVIA - news) announce today the completion of its first land purchase.
The tract consists of 46 acres in New Boston, N.H. Site work on the property will begin late next week. This property is a Master Planned Housing Development already being marketed by Sullivan Properties.
Additionally, CVI Development has entered into acquisition negotiations with Earthworks LLC, and Waller Construction Group. Eric Farris, CEO of CVI development stated, ``Earthworks specializes in site work for construction projects and would bring, in-house, capabilities that CVI Development currently has to contract for.' ``The equipment, experience and contacts that Earthworks brings to the table could also lead to additional development opportunities in Hookset, N.H.' said Keith Anderson, CEO & President of CVIA
Waller Construction Group is a construction management company located in New Boston, N.H. WCG's expertise and 27 years in the construction management business, specializing in very high-end residential and commercial construction, would allow CVI Development Inc. to concentrate on land evaluation and acquisition, along with materials negotiations and strategic alliances and acquisitions.
CVI Development also anticipates a dividend distribution to shareholders of Corporate Vision Inc. to be initiated prior to month-end. The record date for this distribution will be announced shortly.
Safe Harbor Statement: Except for historical information contained herein, the statements in this Press Release are Forward-Looking Statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-Looking statements involve known risk and uncertainties, which may cause the Company's actual results in the future to differ materially from forecasted results.
Corporate Vision, Inc. has been recently profiled in TheStockAdvisor Newsletter. For more information about Corporate Vision, Inc., send email to mailto:cvia@thestockadvisor.com. or visit thestockadvisor.com .
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