BUER (the old FDKP) FDKP did a 1-150 Reverse Split and became BUER. Small OS/Float
The Bauer Partnership Enters Into Letter of Intent to Acquire The Mosquito
Blue Resort in Playa del Carmen, Mexico for US $6.5 Million
NEW YORK, Feb 20, 2002 (BUSINESS WIRE) -- The Bauer Partnership Inc. (OTCBB:BUER) ("BAUER"), a real estate investment company, announced today that through one of its wholly-owned subsidiaries, Bauer Capital Management Ltd., it
has entered into a Letter of Intent to acquire The Mosquito Blue Resort in Playa del Carmen, Mexico for US $6,500,000. The Mosquito Blue Resort, located 40 miles south of Cancun, was built in 1995 and underwent an expansion in 1999, which now totals 46 luxury suites.
"The acquisition of the Mosquito Blue Resort in Playa del Carmen will allow us to build up our resort portfolio and implement our growth strategy of acquiring cash-flow positive boutique independent luxury resorts. We feel that there are tremendous opportunities available in the boutique luxury resort sector and in the Caribbean region which remains our primary focus at this time," said Ronald
J. Bauer, CEO of The Bauer Partnership Inc.
About BAUER
BAUER is a real estate investment company that specializes in acquiring cash-flow positive commercial real estate assets on an international basis.
BAUER fills a unique position in the market place by offering the ability to structure and finance sophisticated transactions in various geographies worldwide. BAUER seeks to utilize its listed equity to acquire existing hotel
and commercial real estate assets to add significant increases in revenue and net asset value to its financial position.
Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital
resources and future financial results are "forward-looking" statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, government regulation, taxation, spending, competition, general economic conditions and other risk factors which could cause actual
results to differ materially from those projected or implied in the forward-looking statements. There may be other factors not mentioned above that may cause actual results to differ materially from any forward-looking
information.
CONTACT: The Bauer Partnership Inc., London
D. Bauer, +44 20 7016 6708
E-mail: dan@bauer-partnership.com
Web: www.bauer-partnership.com |
