PayPro R.E. Developments Announces $70 Million 3 Stage ''Las Huacas De Boquete Project''
Tuesday October 31, 3:15 pm ET
DALLAS--(BUSINESS WIRE)--PayPro Real Estate Development, a division of PayPro, Inc. (Pink Sheets
YPR - News), in association with Desarrollo De Panama, S.A. announced today the 3 stage Las Huacas De Boquete Project; an Environmentally and Ecologically pristine development that Covers an area of 2,357 acres of which 1,730 acres will be developed, and 628 acres that have been set aside to make up the Micro Forests properties -- "A family's way to gain carbon (CO2) neutrality status." The development adjoins the city of Boquete.
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LAS HUACAS DE BOQUETE will be developed in 3 stages designed to add and to preserve the natural resources and increase the popularity of the region.
Stage One will include the development of the Master Plan where the entire project will be divided into 7 areas (districts), each with its own theme and lifestyles that include shopping centers, health complexes, bilingual education centers, mountain homes and condominiums all of which must be built within the safeguards designed to preserve and protect the environment and natural flora and fauna.
Stage Two will be the creation of a Real Estate Investment Trust (REIT) offering 700 (Seven Hundred) Participating Fiduciary Units (Variable Income) at US $100,000 each, Equal to 10,000 m(2)(Ten Thousand Square Meters) per Unit. Revenues to us for this residential phase alone should approximate $70 million USD. The development of a world class hotel, golf course and condominium mountain resort.
Stage Three will be the sale of the individual units (districts) that make up Las Huacas De Boquete, Chiriqui, Republic of Panama, the jewel of Panama's Golden Triangle.
PayPro CEO Mike Terrell commented that, "'LAS HUACAS DE BOQUETE' is so amazingly beautiful. I visited the site this weekend and it is as magnificent a place as I have ever seen. Our pledge with regulations and approved bylaws to keep it environmentally natural will create a paradise free from stress, pollution, and contamination. I could see for miles in every direction. Sitting atop a 3900 ft. peak with a 360 degree view amid the cool quiet natural surroundings, bordered by rivers on two sides, a view of the Pacific Ocean, a volcano, and Costa Rica can be seen in the distance. I understand now why the Boquete area has been in the top 3 places to live in the world."
About PayPro Incorporated:
PayPro Incorporated (PYPR) is a global e-commerce and e-biz Solutions Company offering interactive e-commerce and e-biz programs. PayPro offers a range of goods and services ON LINE as follows:
Visa prepaid cards; e-commerce merchant accounts; Life insurance policies, Gold transactions; Telephony services, Text messenging, VoIP, Micro forests properties, Real estate investment participations, Fixed and variable income Real estate properties in Costa Rica and Panama, Offshore financial services, Asset management and protection; Travel services, Leisure, Business, Health, Relocation services, and Digital marketing services.
Forward-Looking Statements are not historical fact as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Contact:
PayPro, Inc.
Mike Terrell, 214-774-4870
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