BEVERLY HILLS, CA, March 07, 2018 (GLOBE NEWSWIRE) -- Hubilu Venture Corporation ("Hubilu" or the “Company”) (OTC: HBUV), a publicly traded real estate consulting, asset management and business acquisition company, which specializes in student housing income properties and development/business opportunities located near USC and the Metro stations within the Los Angeles area, announced today that it has signed an agreement with Pacific Green Homes, Inc., to install solar power technology on the Company's properties. This continues Hubilu's goal of being a leader in providing state of the art student housing while reducing property operating costs, resulting in greater returns for our investors, and using green technology assists with this plan.
David Behrend, Chief Executive Officer, commented, "Hubilu is excited to be working with Pacific Green Homes to install solar panels on our properties. Solar panels will limit our global footprint, add energy conservation to our properties, and reduce the bottom line, resulting in greater returns for our investors. Together with our ongoing acceptance of rental payments using cryptocurrency in the form of Bitcoin, Ethereum, Bitcoin Cash and Litecoin, processed on the Coinbase Block Chain, this shows our progressive nature in the student housing real estate market!"
Pacific Green Homes, Inc., located in Van Nuys, CA., is a leading Southern California solar power company, which offers efficient, high quality solar panel installation, backed by years of experience. Asher Ederi, the owner of Pacific Green Homes, Inc, is looking forward to assisting HBUV with its eco-friendly, green goal, commenting, "Great things in business are never done by one person, they are done by a team of people."
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/bb13bd0f-dc4d-47af-a6df-ac9606f5cc31
About Hubilu Venture Corporation:
Based in Beverly Hills, California, Hubilu Venture Corporation, a real estate consulting, asset management and acquisition corporation is executing on its business plan, which besides consulting to real estate companies, is seeking to acquire student housing real estate and business opportunities in the niche markets of the USC campus area and the expanding urban transportation Metro stations facilitated by the development of the Los Angeles Metro/subway system. Hubilu, inspired by Strategic Growth Through Smart Ventures, focuses on acquiring high path of growth real estate and business opportunities that it believes are recession proof and have limited downside risk, while offering upside potential in equity appreciation and cash flow.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of Federal securities laws, concerning the future performance of our business, its operations and its financial performance and condition and potential selected offerings presented without the context of accompanying financial results. The comments of Mr. Behrend, statements regarding solar energy conservation resulting in greater returns for investors or the bottom line, are examples of forward-looking statements. A number of factors could cause Hubilu Venture Corporation’s actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; cryptocurrency price fluctuations, the supply of and demand for real properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or the costs may be greater than anticipated. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further information on factors that could impact Hubilu Venture Corporation, reference is made to our filings with the Securities and Exchange Commission.