HOUSTON, Jan. 5, 2006 (PRIMEZONE) -- Window Rock Capital Holdings, Inc. (Pink Sheets:WRKC), a real estate asset development company, announced that it has negotiated a contract to purchase and develop the old Howard Hughes Plantation in the country of Belize. Window Rock has created a plan to build out the 1,845-acre, Caribbean beachfront property with a fractional ownership program.
Brian Collins, President of Window Rock, stated, "We have been negotiating this contract for quite some time. It feels good to finish our discussions and move forward with Window Rock's plans in Belize."
Historically, the property was the Howard Hughes Plantation. It has an adjacent airstrip where Hughes landed his private jet. The property is rectangular in shape, with one mile of coastline and it extends three miles inland. It is eight miles north of Placencia, a city that will provide employees and services. The total acreage includes 700 acres of sub-tropical rainforest, set-aside for eco-tourists. The barrier reefs attract scuba diving enthusiasts from around the world. The property has an incredible beachfront location in the hot spot of the Caribbean and has been appraised for $6.5 million USD.
Charles Shirley, CEO of Window Rock, stated, "We are excited about Window Rock's opportunity for development in Belize and we believe that the Hughes property will be a profitable one for Window Rock."
About Window Rock Capital Holdings, Inc.
Window Rock Capital Holdings, Inc. is in the real estate development business. Window Rock brings together developers, architects, and investors to establish a unique real estate platform in the U.S., Asia, and Latin America. The Company handles the logistical differences between developing real estate in the U.S. and abroad, offering a consistent package of services, creating profitable ventures supported by alliances with international companies.
Window Rock Capital has strategic alliances and collaborative contacts with various companies in the planning, study, development and construction sectors, legal and juridical international assistance, and access to the complex financial world of investment. Therefore, the company has also developed relationships with hotel operators, retail and commercial business and amusement and recreation companies. The Company is currently developing projects in Ohio, Louisiana and Belize. Please visit www.windowrockcapital.com for more information.
Forward Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will", "anticipates", "believes", "plans", "goal", "expects", "future", "intends" and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Window Rock Capital Holdings, Inc. please refer to its website at www.windowrockcapital.com