GAUTIER, Miss., May 11, 2005 (PRIMEZONE) -- Azur Shell Landing Resort, Inc. (Pink Sheets:AZRI) announced today that it has acquired Shell Landing Development Inc. Shell Landing Development is a gated community consisting of 1200 acres in Gautier, Mississippi, which includes 45 previously developed residential lots, 80 acres to be developed commercially, and approximately 800 acres to be developed as estate lots, resort villas, townhomes, condominiums and an apartment complex. Future plans for additional recreational amenities at the resort community will include the development of a second 18-hole golf course at the resort, a swim and racquet club, a marina and an equestrian center.
Currently, Azur Shell Landing Resort is in the pre-construction sales phase of "The Islands at Shell Landing," a 200-unit luxury condominium complex to be constructed between the 9, 17 and 18 holes of Shell Landing Golf Club. Since pre-sales began on February 14, 2005, over 60% of The Islands' units have been reserved.
"The Gulf Coast is a prime area for a luxury condominium complex enclosed within a nationally ranked golf course. The reputation of Shell Landing as a premier golf destination makes these units an excellent investment opportunity for snowbirds looking for a second home or for locals looking for a high-end rental property," said Carl Crawford, President of Azur Shell Landing Resort. "We intend to make Shell Landing the premier resort destination on the Mississippi Gulf Coast. Short of gaming enterprises, everything you could want in a resort would be within the Shell Landing community. We'll have a bank, pharmacy, grocery market, restaurants, a gas station, and a retail village, in addition to our numerous recreational activities. Our secluded, eco-friendly setting along with our luxurious homes and amenities combined with our close proximity to Biloxi, Mobile, and New Orleans make Shell Landing the ideal location to "Play the Course and Live the Dream."
Azur Shell Landing Resort, Inc. is a subsidiary of Azur International, Inc., a Fort Lauderdale-based international luxury residential and resort development company. In November 2004, Azur International purchased Shell Landing Golf Club, a Davis Love III signature golf course.
About Azur International, Inc.
Azur International, Inc. is a publicly traded company (Pink Sheets:AZRI) 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.