Par Development Corporation Restates Recent Progress.ORLANDO Orlando, city, United States Orlando (ôrlăn`dō), city (1990 pop. 164,693), seat of Orange co., central Fla., in a lake region; inc. 1875. In a citrus fruit and farm area, it is one of the world's most visited vacation spots. , Fla. -- Par Development Corporation, formerly known as eMax Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Group, Inc., and a subsidiary owned by eMax Holdings Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: EMXC), recaps recent progress. Par Development has entered agreements to purchase a total of 28 acres in Black Hawk Black Hawk (born 1767, Sauk Sautenuk, Va.—died Oct. 3, 1838, village on the Des Moines River, Iowa, U.S.) Sauk Indian leader. Long antagonistic to whites, Black Hawk was driven into Iowa from Illinois in 1831. and 541 acres in Silverthorne Colorado. The completion of the property acquisitions will provide to Par Development Corp., an opening balance sheet well over $50,000,000 dollars in appraised property value, and with less than $9,000,000 dollars in assumed mortgages existing on the property. This will provide an excess of $41,000,000 dollars in net equity to the company. After completion of both projects outlined below, Par Development Corp plans to generate revenues of $2.25 Billion dollars in sales. Par Development Corporation intends to provide a generous dividend to the eMax Holdings Corporation shareholders first quarter of next year. Black Hawk Colorado - Gateway Retail Center November 6, 2004 Par Development Corporation, entered into negotiations to construct a hotel & music entertainment resort complex west of Denver in the Black Hawk Gaming District. The company is acquiring the property with stock and equity purchase of the development site along highway 119 entering the Black Hawk gaming district. Plans are to develop 250 hotel suites surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. a 35,000 square foot musical entertainment theatre styled after the Branson, Mo. layout. Silverthorne Colorado - Silver Mountain Residential Village Project November Par Development Corporation announced it has signed a letter of intent to purchase 60 acres for development in Silverthorne, Colorado Silverthorne is a town in Summit County, Colorado, United States. According to 2006 Census Bureau estimates, the population of the city is 3,610.[1] History Silverthorne Colorado is named after Hangin' Judge Silverthorne. . The high-end luxury residential project includes 43 single-family homes, three five-acre estate homes, and 225 town-homes. In addition, the planned commercial development includes a 48,000 square-foot state-of-the-art music and entertainment center which will complement the 35,000 square feet of retail space. eMax Alive will manage the music entertainment center and provide seasonal entertainment to the hotel guests, home owners home owner home n → propriétaire occupant , and visitors to the local ski areas. The completion of the project is estimated at 24 to 36 months and will generate gross revenues exceeding $100 million dollars. Silverthorne Colorado - Buffalo Mountain Private Residence Club & Golf Course Phase I November 23, 2004 -Par Development Corporation announced today that it has signed a letter of intent to purchase the 289- acre Heitt Ranch ranch, large farm devoted chiefly to raising and breeding cattle, horses, sheep, and goats. The cattle ranch was introduced from Latin America to Texas and the plains of the W United States and Canada. in Silverthorne, Colorado. This development will be the first of two 350 condo-hotel suites, 350 multi-family townhouses, and 100 single-family golf course estate homes. Gross revenues are anticipated to be significantly in excess of $1 billion dollars. The hotel suites are being marketed as 28-day fractional ownerships In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. . eMax Alive will provide seasonal entertainment to the hotel guests, homeowners, and visitors to the local ski areas. Construction of the project is expected to take between 24 and 36 months. Silverthorne Colorado - Buffalo Mountain Private Residence Club & Golf Course Phase II December 7, 2004 Par Development Corporation and has signed a letter of intent to purchase an additional 192.8 acres for development in Silverthorne, Colorado. Par Development will develop the second 350 condo-hotel suites. Gross revenues are anticipated to be significantly in excess of $1 billion dollars. The hotel suites will be marketed as 28-day fractional ownerships. eMax Alive will manage the music entertainment center and provide seasonal entertainment to the hotel guests, home owners, and visitors to the local ski areas. Investors can find current updates and developments at http://www.emaxcorp.com/investorrelations.html eMax Holdings Corp. recently ranked in the top five most requested stocks on www.pinksheets.com. Go to: http://www.pinksheets.com/quote/quote.jsp?symbol=EMXC About eMax Holdings Corporation eMax Holdings Corp is a diversified diversified (di·verˑ·s holding company investing in Multimedia, Entertainment, and Real Estate industries through its subsidiaries. eMax offers high quality, technology driven products and services focused in the areas of Pre-Recorded Music, Outdoor Sports & Specialty Events, Feature Film and TV Production, Merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. and Real Estate Development. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. , or prospectus. Specifications are subject to change without notice. |
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