SAN DIEGO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- ProGreen US, Inc. (ProGreen), (OTCQB:PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, www.CieloMarBaja.com.
ProGreen is pleased to confirm that its Mexican subsidiary, Procon, entered into an agreement with ESTRADA, an architectural design and construction company based in Ensenada. The agreement signed this week, is for completion of the preliminary Master Plan of the 5,000-acre Cielo Mar development, to include plan drawings, virtual reality drawings and videos of the project. The Preliminary Plan is expected to be completed in March.
ESTRADA brings an energetic and fast moving group of young architects and engineers to the Cielo Mar project, with many resources and significant experience to draw from.
Procon will have a commercial presentation of Cielo Mar for professional investors/developers, as well as the general public, much sooner than could otherwise be achieved.
ProGreen expects to have a presentation of ESTRADA as a company, together with the principal people and references to earlier projects, etc., on the company website, on Friday.
“I can truly say that this agreement is a big deal. I have never been more excited about Cielo Mar than I am right now, and I do believe we here have a development that will not only have a high profile, but also has the potential to quickly become more successful, when compared to other developments in Baja California,” says Jan Telander, Managing Director for Procon and CEO for ProGreen.
"We are delighted to have been given this opportunity to be involved in the Cielo Mar project," said Esteban Estrada Aguilar, owner and founder of ESTRADA. "We are eager to get to work on making Jan's vision of this massive vacation and retirement resort a reality."
Websites:
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
http://www.progreenus.com/blog
About ProGreenUS, Inc.
ProGreenUS, Inc., www.ProGreenUS.com, based in San Diego, California, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the US market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,000 acres of land with 4.5 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called "Cielo Mar."
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
CONTACT INFORMATION
ProGreenUS, Inc.
Jan Telander, CEO
Jan@ProGreenUS.com
Phone (US): +1 (248) 805-3652
Phone (MX): +521 (646) 141-8600