SAN DIEGO, Dec. 15, 2017 (GLOBE NEWSWIRE) -- ProGreen US, Inc. (ProGreen), (OTCQB:PGUS), www.ProGreenUS.com, Twitter @ProGreenUS., www.CieloMarBaja.com.
“We are nearing an agreement with an architectural design and construction company in Ensenada that wants to come into the Cielo Mar project and build in the development,” said Jan Telander, CEO of ProGreen. “This young and energetic company shares our vision for Cielo Mar, and is growing rapidly in the area with both commercial and residential projects, including marina developments.”
Through the proposed collaboration agreement, Procon would have as many as 12 architects and engineers added to the Cielo Mar development team, initially to achieve certain key objectives and a major milestone for the project within the first 3 months.
The agreement is expected to be executed next week.
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About ProGreenUS, Inc.
ProGreenUS, Inc., www.ProGreenUS.com, based in San Diego, California, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the US market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,000 acres of land with 4.5 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called "Cielo Mar."
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
CONTACT INFORMATION
ProGreenUS, Inc.
Jan Telander, CEO
Jan@ProGreenUS.com
Phone (US): +1 (248) 805-3652
Phone (MX): +521 (646) 141-8600