CVI Development, Inc. Announces Second Land Purchase
MANCHESTER, N.H. and TULSA, Okla., May 11 /PRNewswire/ -- CVI Development Inc., an operating subsidiary of Corporate Vision Inc. (OTC Bulletin Board: CVIA), announced today that they had closed on their second land purchase.
The tract consists of 28 acres in New Boston, N.H. Site work on the property has already begun, and the property is already being marketed by Sullivan Properties. Homes in this exclusive subdivision will range in price from $279,900 to $349,900.
Additionally, CVI Development is wrapping up acquisition negotiations with Earthworks LLC, and Waller Construction Group. "We anticipate the closing of these two acquisitions before month's end," said Eric Farris, CEO, CVI Development.
Earthworks LLC specializes in site work for construction projects and would bring, in-house, capabilities that CVI Development currently contracts. The equipment, experience and contacts that Earthworks brings to CVI Development will lead to additional development opportunities in Hookset, N.H.
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, will allow CVI Development Inc. to concentrate on land evaluation and acquisition, along with materials negotiations and strategic alliances and acquisitions.
CVI Development has also entered into purchase negotiations for an 18,000 square foot industrial facility sitting on five acres in southern N.H. The company will base it operations there as well as the operations of any operating subsidiaries. A large, refundable down payment has been made pending a formal agreement. CVI Development currently has a lease agreement on this facility.
"This company is being built without debt and we expect to be profitable in our first year of operations. We should have a web site available shortly that will be information-based so that present and future shareholders will have access to further information on our company as well as links to our affiliate companies and marketers," Farris said.
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 www.thestockadvisor.com .
Contact Information: The Stock Advisor
Wally Wilkins 606-236-7420
wally@thestockadvisor.com
SOURCE Corporate Vision, Inc.
/CONTACT: Wally Wilkins of The Stock Advisor, 606-236-7420, or wally@thestockadvisor.com /
/Web site: thestockadvisor.com / |
