MIAMI, June 8, 2004 (PRIMEZONE) -- Azur International, Inc. (Pink Sheets:AZRI), a luxury residential and resort development company, announced today its detailed plans for its latest development, Santa Barbara Place. Located on Lake Santa Barbara in Pompano Beach, Florida, the development has attracted enough attention to have reservation agreements on more than 60% of its townhomes. Santa Barbara Place is a 12-townhome waterfront development that will feature fee-simple ownership and is minutes by boat to the Hillsboro Inlet and some of South Florida's finest waterfront restaurants.
Each home features three stories and is designed in the old-world Mediterranean style, featuring a two-level rounded entrance tower and double entrance doors. Models will range from 2,900 to 4,100 square feet, have 3 bedrooms, 2 or 3 full baths, private elevator and large 4th floor rooftop terrace. Prices average approximately $1,250,000.
According to Jeffrey Grene, Vice President of Operations for Azur Development Corp., "The Santa Barbara Place development reinforces Azur's strong positioning in unique, upscale properties. It is a very synergistic addition to the Azur portfolio and is another exemplary example of fine architecture, planning and development."
Pompano Beach is referred to as the Heart of the Gold Coast and is known for its boating and fishing, accentuated by an offshore living coral reef accessible to divers and snorkelers.
About Azur International, Inc.
Azur International, Inc., based in Miami, Florida, is a publicly traded company that currently develops and markets luxury residential and resort properties. Additionally, there are several real estate projects under consideration, including the purchase and development of luxury hotels and resorts, domestically and internationally, and land purchases in strategic areas that will provide inventory for future development or sale. For additional information about Azur International, Inc., go to www.Azur-Int.com.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 may provide a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of Azur International, Inc. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and domestic and global economic conditions.