Russell Industries Announces Joint Venture.HOUSTON -- Russell Industries, Inc. (RSDS RSDS Reduced Swing Differential Signal RSDS Radar Signal Detecting Set RSDS Range Safety Display System RSDS Regional Supply Data System RSDS Remote Software Distribution System .PK) has entered in a joint venture agreement with Nassau, Bahamas-based Andros Isle Development, Ltd., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Andros Isle Development Corporation (AVPJ.PK). "The purpose of the Joint Venture is to facilitate the acquisition and development of Condo Hotels, Luxury Resorts, marinas and high end and resort communities in the Commonwealth of the Bahamas," Rick Berman
Richard Keith "Rick" Berman (born December 25, 1945 in New York, New York, U.S.) is an American television producer. , President and 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. , Russell Industries. The joint venture team in charge of managing the operations of the yet to be named venture is currently analyzing potential projects, and hopes to announce the first joint project in the coming weeks. The team is focusing on hotels that are currently operational that can be redeveloped as condo hotels, as well as, small, ultra luxury development projects in the family islands. About Russell Industries, Inc. Russell Industries is a holding company that owns 54 uranium and vanadium vanadium (vənā`dēəm), metallic chemical element; symbol V; at. no. 23; at. wt. 50.9415; m.p. about 1,890°C;; b.p. 3,380°C;; sp. gr. about 6 at 20°C;; valence +2, +3, +4, or +5. Vanadium is a soft, ductile, silver-grey metal. mining claims located in East Canyon, Monticello, Utah and plans to acquire assets in several diverse industries, including the resort hotel and condominiums in the Commonwealth of the Bahamas. About Andros Isle Development Corp. Andros Isle Development Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AVPJ) is a publicly traded real estate development company that specializes in the acquisition and development of luxury resort communities in the Caribbean Basin, and in converting luxury hotels into Condo Hotels. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. |
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