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Equity Finance Holding Corporation Announces Letter of Intent to Acquire Majority Interest in Evergreen Center.


Business Editors

PLAYAS DE ROSARITO Playas de Rosarito is a city in the Mexican state of Baja California and seat of the municipality of the same name. It is located approximately 35 minutes south of the U.S. border in Tijuana. , Mexico--(BUSINESS WIRE)--Sept. 24, 2002

Equity Finance Holding Corporation today announced that it has signed a letter of intent to acquire majority interest in Evergreen International This article is about a non-profit organization. For the aviation company see Evergreen International Aviation

Evergreen International, Inc. is a non-profit organization located in Salt Lake City, Utah, whose stated mission is to assist "people who want to diminish same-sex
 Health and Recreation Center, a multi-functional facility on 698 acres. Designed as a western holiday resort offering a wide range facilities including Oriental Rejuvenation Rejuvenation
Aeson

in extreme old age, restored to youth by Medea. [Rom. Myth.: LLEI, I: 322]

apples of perpetual youth

by tasting the golden apples kept by Idhunn, the gods preserved their youth. [Scand. Myth.
, Beauty, Fitness, Skin and Spa centers and 18-hole golf course. Current estimated asset value of the Evergreen Center is US$35 million.

James Bishop James Bishop is the name of:
  • One of the faculty members killed during the Virginia Tech massacre
  • James Bishop (politician), the Deputy Governor of Connecticut from 1683 to 1692
, president and chairman of the board stated, "Evergreen Center, located on Langfang District of Beijing, will provide a strong asset and income base for the company and is only the first announcements of joint ventures and strategic investments in China and Mexico."

Evergreen Center is located in the Langfang Economic & Technology Development Zone and within the area of Korea town's University City, the largest of its kind in China, designed by the Beijing Foreign Enterprise Service Corporation. It has a planned investment of US$1.4 billion and will cover 3.3 million square meters of land. "To provide better services for students and staff living in the town, shops, and apartments it will be built along with modern sports and entertainment facilities. To date, more than 15,000 students and staff from Beijing's 15 universities have lived and studied in the city, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 local officials" (China Daily March 11, 2002).

For further information, contact EFHC EFHC Environmental and Facilities - Humidity Controls  at: investor-relations@efhc.com.

Note: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements, be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 24, 2002
Words:352
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