CyberAds' Expansion of Vineyards Country Club Expected to Drive in $40 Million Net Profit in 3 Years.Business Editors/Real Estate Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--May 5, 2004 CyberAds, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYAD), a diversified holding company that specializes in land & real estate development and new consumer products & services, announced today that The Vineyards Country Club Management has put in motion a plan to expand the project at The Vineyards. The announcement was made by CyberAds' CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Walt Tatum. The Vineyards management concurs that the exploding market in the Coachella Valley Coachella Valley (kō'əchĕl`ə), arid region, SE Calif., N of the Salton Sea. Water is brought into the region by artesian wells and by the Coachella Canal (123 mi/198 km long), a branch of the All-American Canal built between 1938 and is favorable to their interests in possibly expanding the development with timeshares, condominiums & homes in addition to the Luxury Motor Coach / Casitas currently planned for. Projected completion of this expansive proposal is set for 2007. It has also been estimated that with this plan in motion, the One Hundred Thirty Million retail value will have a net profit of well over Forty Million. The proposed expansion does not include the 30 acres of commercial property immediately adjacent to The Vineyards which is slated for a Hotel and Retail site. Mr. Tatum stated, "The overall development of the Vineyards including the Commercial site which is adjacent to our Country Club will extend the value of this project which far exceeds the initial expectations. We were attracted to the niche opportunity of an Exclusive Motor Coach Country Club, but as the housing market has remained strong and demonstrated the principles of supply and demand, our vision has expanded and we are extremely pleased to have this choice property to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. ." About CyberAds, Inc. CyberAds is a diversified holding company that specializes in land & real estate development and new consumer products & services. The company currently offers or plans to offer products and services in such diverse areas as luxury country club development, gated community gat·ed community n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. development, golf course development, telecommunications, cutting-edge financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , and Internet marketing. For additional information about CyberAds, Inc., please visit the company Website at www.CyberAdsInc.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion