Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Properties Group (IPX-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Englishbob who wrote (96)	11/26/1999 12:18:00 AM
From: mark calgary	Respond to of 104

International Properties Group Ltd. 11/25/99 - IPG Expands Their United States Presence With Purchase of $50 Million of Quality Real Estate in Seattle CALGARY, ALBERTA--(BUSINESS WIRE)--Nov. 25, 1999--IPG(TSE:IPX.) International Properties Group (IPG) has significantly expanded its U.S. geographic focus with the acquisition of two high-grade investment properties worth approximately $50 million (Cdn) in Seattle, Wash., adding 398 suites to IPG's North American inventory. IPG's research shows Seattle to be one of the top three growth markets in the U.S., particularly over the next three years, with rental increases combined with declining vacancy and unemployment rates. Seattle has developed a diverse economy, including technology, wood products, transportation equipment, food products, fish processing and apparel design which is fueling the job growth. These are key factors that make Seattle an ideal market to experience capital appreciation in the multi-family market place. "The Seattle properties will offer our investors an opportunity to participate in an extremely strong growth market in the U.S.," said Doug Frey, VP Acquisitions. "Both buildings have excellent home ownership qualities with attractive price points and investment yields. The Seattle location will also allow our clients to diversify their portfolio of investment properties by adding a second key U.S. market to the regions we are currently active in." IPG plans to substantially upgrade and convert these properties for resale to homeowners and investors, continuing its efforts to revolutionize the way people create wealth through real estate. IPG will continue to supply new investment opportunities in the current fiscal year, providing their clients' geographic diversification to enhance the IPG Virtual Apartment Building(TM) wealth building system. Both properties will offer IPG investors excellent growth potential. Details include: - Nautica - 82-suites located in Renton overlooking Lake Washington, one of Greater Seattle's most desirable locations. - Walden Pond - a 316-suite residential community located in Everett in a unique pond-like setting adjacent to a golf course with extensive on-site amenities i.e. pool, sauna and indoor basketball courts. IPG has entered into an agreement with ConAm Management Corporation for the management of the properties. ConAm, based in San Diego, Calif., is one of the ten largest multi-family management companies in the United States and currently manages over 42,000 apartments in the U.S. and nearly 6,000 apartments in the Seattle area. The properties will be presented under IPG's BestPlaceToLive.com brand. "The IPG Internet site will continue to play an important role in supporting the marketing and selling of condominium suites in the Seattle properties," said Phil Carroll, CEO. "The Internet is playing an increasingly important role in providing our current and prospective clients with the information and education they need to determine their level of interest in adding specific properties to their portfolio mix." IPG is revolutionizing the way North Americans create wealth through investment real estate with their Virtual Apartment Building(TM) concept that allows clients to create geographically diverse portfolios of well-selected, high-grade investment properties in high growth and emerging markets. IPG owns or manages 54 properties with 7,697 condominium suites. Corporate offices are located in Calgary with sales offices in Vancouver, Edmonton, Toronto, Ottawa and Scottsdale, Ariz. The corporation is listed on the Toronto Stock Exchange under the trading symbol "IPX."

To: Englishbob who wrote (96)	8/17/2001 3:39:39 PM
From: Englishbob	Read Replies (1) \| Respond to of 104

International Properties Group Ltd IPX Shares issued 33,853,195 2001-08-16 close $0.66 Thursday Aug 16 2001 News Release Mr. David Heaberlin reports A special meeting of shareholders will be held on or about Oct. 16 to approve a plan for the distribution of cash to common shareholders. This plan will involve the issuance of one common share and one redeemable preferred share for each outstanding common share. The corporation intends to make application to the Toronto Stock Exchange for the listing of the preferred shares, resulting in the listing of both the common shares and the preferred shares. The corporation anticipates using excess cash accumulated from the sale of properties in the corporation's revenue property division (RPD) to periodically redeem the redeemable preferred shares. David Heaberlin, the chief executive officer and chief financial officer, stated, "The decision to proceed with this plan is the result of an exhaustive process to determine the most tax efficient method available to distribute the funds being accumulated from the sale of our RPD portfolio to our shareholders." The information circular for this special meeting is expected to be completed and mailed on or about Sept. 10, 2001. The proposed transaction is subject to receipt of all regulatory approvals prior to such mailing. The corporation continues to expect the net proceeds from the sale of the revenue properties portfolio (as discussed in the company's press release in Stockwatch June 21, 2001) to approximate or exceed $29.2-million. The corporation currently believes that the sale of all the RPD properties could be concluded as early as Oct. 31, 2001. The board of directors anticipates declaring an initial redeemable preferred share redemption of at least $10-million (approximately 50 per cent of the corporation's current market capitalization) following shareholder approval of this plan, with the initial distribution anticipated to be concluded on or before Oct. 31, 2001.