CyberAds' Vineyards Country Club to Receive $33 Million Finance Package from Scripps Investments & Loans.Business Editors/High-Tech 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)--April 13, 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, a gated, luxury motor coach country club near Palm Springs, CA in which CyberAds has a 22% equity interest, will receive a $33 million finance package from Scripps Investments & Loans. The announcement was made today 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. Scripps Investments & Loans, a private lender based in La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , is one of California's leading privately funded trust deed A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt. lenders, originating over $300 million in real estate secured loans since its inception in 1999, through a network of approximately 250 investors. The new financing is scheduled to close by Friday, April 17, 2004. The funds will be used to finish phase one of The Vineyards, as well as improve the commercial property adjacent to the luxury motor-coach resort community. About Scripps Investments & Loans: Scripps provides financing for real estate acquisition and development, construction loans, condo conversions, and commercial and multi-unit residential income properties. For additional information on Scripps Investments & Loans, call (858) 866-6300 or visit the website at www.scrippsil.com. 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, and Internet marketing. For additional information about CyberAds, Inc., please visit the company Website at http://www.CyberAdsInc.com |
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