SALT LAKE CITY, June 15, 2004 (PRIMEZONE) -- Apex Resources Group Inc. (OTCBB:APXR) Land Division announces negotiations for additional Land Holdings.
In a strategy to increase its Real Estate land holdings, and as the market for recreational property soars, Apex is currently in negotiations with three additional properties in North America.
1. The Company is negotiating recreational acreage in the sate of Utah.
2. Negotiations are in progress for a residential house in Las Vegas, Nevada as an income property.
3. Apex is negotiating recreational lake view lots on Vancouver Island, British Columbia.
As the market for recreational properties becomes more popular fueled by Baby Boomer demand, Apex is adding to its land division holdings while interest rates are still at reasonable levels.
When negotiations are completed and purchase agreements are signed, the details will be announced.
Apex Land Division properties currently include:
- 40 acres of land at Woodland Valley Ranch in Apache County, Arizona.
- 75 acres of land at Elk Valley Ranch in Apache County, Arizona.
- 2 large acreage ocean front lots with houses on both properties at the Abbecombec Ocean Village Resort on the shores of Clam Bay, 40 miles east of Halifax, Nova Scotia, Canada.
Apex Resources Group Inc. will continue looking at value-added properties for the Land Division.
Apex would like to thank all the shareholders for their ongoing support.
By the Board of Directors Apex Resources Group Inc. Investor Relations - Roger Reynolds 136 East South Temple, Suite 1600 Salt Lake City, UT, 84111 Tel: 801-363-2599 Email: ContactUs@ApexResourcesGroup.com www.ApexResourcesGroup.com
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words as "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc.