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http://biz.yahoo.com/pz/071003/127931.html
Press Release Source: Promotora Valle Hermoso, Inc.
Promotora Valle Hermoso Inc. to Implement Nationwide Investor Relations Program
Wednesday October 3, 6:00 am ET
ORLANDO, Fla., Oct. 3, 2007 (PRIME NEWSWIRE) -- Promotora Valle Hermoso, Inc. (OTC BB:PVHI.OB - News) announced today it has retained Mirador Consulting, Inc. a full service corporate consulting firm, to establish a nationwide investor relations campaign.
Under the agreement, Mirador Consulting shall implement a five-part investor relations program including stockbroker relations, media relations, shareholder/investor communications and Internet coverage.
Mirador Consulting is a full-service corporate consulting firm, which specializes in micro-cap and middle market NASDAQ-listed companies, providing nationwide representation to members of the investment community.
About Promotora Valle Hermoso:
Promotora Valle Hermoso invests financial resources in housing projects in Quito, Ecuador and its suburbs. Its goal is to build real estate which offers comfort and space to families preferring a lifestyle in a harmonious and peaceful environment. Housing inner-areas have natural lighting, resulting in energy savings, and are equipped with modern technology installations.
Promotora Valle Hermoso targets a housing deficit of 1,200,000 houses in a country that has a yearly growth of just 60,000 housing solutions. The efficient structure of Promotora Valle Hermoso allows building fast economy housing and targets providing the middle-class population with affordable living. More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html.
The Promotora Valle Hermoso, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2777
``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward- looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Mirador Consulting, Inc.
Casey Burt
877-mirador or (561) 989-5600
info@promotoravh.com
Yes, it is. consider the private placement is at 0.90.
I believe this stock will have its day to see 0.90+
Business is doing well and their new project is started.
Is it still undervalued in the 0.15's?...
News Out. This corporate restructuring should help things move along more effectively:
Promotora Valle Hermoso Announces the Appointment of a New President and CEO
Mar 1, 2007 09:48:12 (ET)
ORLANDO, Mar 1, 2007 (PrimeNewswire via COMTEX) -- Promotora Valle Hermoso (PVLH, Trade ), one of the leading providers of housing solutions in Ecuador, today announced that on February 28, 2007 the Board of Directors of the Company passed a resolution to name Ramon Rosales as the new President and CEO of the Promotora Valle Hermoso Inc.
Mr. Rosales has an extensive business resume as the CFO of Halliburton Ecuador for over 15 years, overseeing such Halliburton Corporation subsidiaries as Halliburton Ecuador and the branches Welex, Otis and MI Overseas. After his career at Halliburton, Mr. Rosales opened his own oil consulting company, Progetrol, in 1995. Between 1997-2003 he also was 20% owner and CFO of Blader Inc., a service oil company specialized in hydro-pumps whose main client was Petroproduction Ecuador, the largest state-owned oil corporation, as well as multinational companies such as Occidental Petroleum, Perenco Corporation, City Petroleum Corporation and others.
Maria Fernanda Rosales, the current President and CEO, will remain with the organization as the Chief Financial Officer with Maria Gracia Rosales assuming the position of Chief Operations Officer, Secretary and Treasurer of the Company. Fanny Patricia Narvaez has resigned from the board of directors and will remain as the company Vice President U.S. Operations.
The Company CFO commented: "We are very excited to have someone of Mr. Rosales' experience join our growing Company. I am confident that Mr. Rosales will soon be recognized as one of the leading experts on quality and process improvement in our industry. As we continue to build upon a solid infrastructure and client base, Mr. Rosales will be instrumental in bringing additional value-added complements to the market that will benefit the Company and increase our shareholder value."
About Promotora Valle Hermoso:
Promotora Valle Hermoso invests financial resources in housing projects in Quito, Ecuador and its suburbs. Its goal is to build real estate which offers comfort and space to families preferring a lifestyle in a harmonious and peaceful environment. Housing inner-areas have natural lighting, resulting in energy savings, and are equipped with modern technology installations.
Promotora Valle Hermoso targets a housing deficit of 1,200,000 houses in a country that has a yearly growth of just 60,000 housing solutions. The efficient structure of Promotora Valle Hermoso allows building fast economy housing and targets providing the middle-class population with affordable living.
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html .
The Promotora Valle Hermoso, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2777 .
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this report reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward- looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Promotora Valle Hermoso, Inc.
Promotora Valle Hermoso, Inc.
Ms. Fanny P. Narvaez Marin, Vice President U.S. Operations
800-377-2137
info@promotoravh.com
And we close in the .50's. Go figure! Just another day at the office.
Surely someone not keeping up with the stock in their portfolio
If it wasn't a stop loss order getting scooped, then my next guess would be that someone put in a market sell order and they ran it down quickly for the fill. Bummer for them.
I get a mental picture of a hawk swooping down for its prey and making it's assent
What a market maker move! They dropped the price almost 50%, gobbled up someone's stop loss for 28k shares, and brought it right back up in less than 5 minutes!
No buyers, no sellers. Guess we're waiting on some new news on the latest development.
Independent Research report gives $1.50 target
http://www.otclive.com/PVLH_Initiation_ReportTSC.pdf
• Promotora Valle Hermoso guided revenues for the full fiscal 2007 to be between
$1.1 million and $1.3 million with the net income between $300,000 and
$325,000 or between 4.6 cents and 5 cents per share.
• Recently, the Board of Directors informed shareholders that the Company would use its
best efforts to achieve a listing on major stock exchange within the coming year.
• PVLH shares appear decidedly appealing in context of forecast revenue and profit streams that are being projected and also on a peer comparison basis. Operations should be supported by the demographic and real estate macro factors in Ecuador. With an estimated market share of less than 1% of the total industry, leaves ample window of growth for Promotora Valle Hermoso. We believe the shares have room to appreciate considerably, given its customized product offering and high revenue growth rates. Although the Ecuadorian housing industry faces a number of challenges for most operators we believe that PVLH can grow at faster rates than the overall market due to its differentiated strategy, focused approach and tight financial management regimen. Our 12-month target price is set at $1.50 per share, which involves a PE approach in context of peer earnings multiples and our FY2007 EPS estimate.
Great Interview with the CEO here:
http://www.gaskinsco.com/linkto-pvlh.shtml
The more DD I do on this stock, the more comfortable I am with my investment in such an emerging and eager company.
So far, the company has already pre-sold 25% of their "Gerona Gardens" project, which involves construction of 42 independent living units (1087 square feet each) for families.
Here, "PVLH anticipates revenue of $2 million from the sale of Gerona Gardens’ units."
Following this project, they'll be going into the "La Guardia Towers" project. This involves 6 residential buildings located in the Northern part of the capital city, Quito. They're talking construction of 48 residential apartments (807 square feet each).
Here, "PVLH anticipates revenue of $2.5 million from the sale of units in the project."
Further along, "PVLH expects to close a sales contract for 12.4 acres in a picturesque valley "San Rafael", in the suburbs of the capital city Quito.
The "San Rafael" project is expected to involve construction of 200 residential units for families, and PVLH believes an expected significant increase in cash flow will enable PVLH to reduce property delivery time, and increase future profits."
Put all this together, folks, and I think we're looking at a the birth of a nice little real estate development machine. They're also talking about building an office building and smaller apartment building(s) in downtown Quito, according to their research report.
I don't know about you all, but I'm quite happy to get in on the ground floor of such an up and coming enterprise.
News of Independent Research. I think this is a great long term hold candidate:
Promotora Valle Hermoso Receives Strong Upgrade by Respected Research Firm
Feb 21, 2007 08:00:40 (ET)
ORLANDO, Fla., Feb 21, 2007 (BUSINESS WIRE) -- Promotora Valle Hermoso (OTC BB:PVLH.OB) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC, Trade ), has upgraded their equity rating on PVLH. This strong upgrade comes at a time when the company reports twenty five percent of the construction development ``Gerona Gardens'' has been pre-sold. The project ``Gerona Gardens'', involves construction of 42 townhouses independent. The Company anticipates revenue of $2 million from the sale of Gerona Gardens' units.
TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com .
Marcia Gracia Rosales, CFO of Promotora Valle Hermoso stated, "We are honored to have a high quality and qualified independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction". Miss Rosales further stated, "We anticipate continued record growth fueled by housing starts and home sales."
About Promotora Valle Hermoso:
Promotora Valle Hermoso invests financial resources in housing projects in Quito, Ecuador and its suburbs. Its goal is to build real estate which offers comfort and space to families preferring a lifestyle in a harmonious and peaceful environment. Housing inner-areas have natural lighting, resulting in energy savings, and are equipped with modern technology installations.
Promotora Valle Hermoso targets a housing deficit of 1,200,000 houses in a country that has a yearly growth of just 60,000 housing solutions. The efficient structure of Promotora Valle Hermoso allows building fast economy housing and targets providing the middle-class population with affordable living.
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html .
Forward-Looking Statements:
This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.
SOURCE: Promotora Valle Hermoso Inc.
Promotora Valle Hermoso, Inc.
Fanny P. Narvaez Marin, 800-377-2137
Vice President U.S. Operations
info@promotoravh.com
if private investors are willing to pay $0.90 per share
they are looking at $1.80+
This stock is undervalues at 0.5's
Yes, Sec. of the Board of Directors bought at 0.51 12/7/2007
She owns 507000 shares
http://tinyurl.com/3bn4kb
Discovery of this board piqued my interest, so I did a little research. The nation of Ecuador compares in land mass to the state of Nevada, but a huge numerical difference in population. Quito is the capitol city and the location of the housing construction. Quito alone boasts a population half the size of the entire state of Nevada.
In view of the hod 1.40 in Sept and the apparent interest in the past few days, strongly considering a starter position here.
I always like to see insiders buying shares. Looks like the Secretary of the Board of Directors added to her position at the end of the year.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001214659%252D06...
Does anyone here have any previous experience with a company that went through the whole debt for equity process?
It looks to me that whoever the company owed the money to is pretty optimistic about the companies' future.
convert the debt of $440,000 to 488,889 shares of restricted common stock in today's news
Which is $440,000/488889=$0.90
The stock is traded at 0.68 today
Promotora Valle Hermoso Announces Agreement On Debt for Equity Swap
http://biz.yahoo.com/pz/070215/113816.html
ORLANDO, Fla., Feb. 15, 2007 (PRIME NEWSWIRE) -- Promotora Valle Hermoso (OTC BB:PVLH.OB - News), one of the leading providers of housing solutions in Ecuador, today announced that it will convert the debt of $440,000 (four hundred forty thousand USD) to a related party to 488,889 shares of restricted common stock of Promotora Valle Hermoso.
I found this site which has some pretty good info on the company. Check it out:
http://www.theinvesttracker.com/index.html
Rumour of news tomorrow (hell, I mean today). Could be good, as this keeps on inching up slow and steady.
Here is why I am looking at real estate investment at Ecuador
I found this artical by David Morrill. While real estate business has been booming for recent years in States, Ecuador is catching up the wave. I see great opportunity to catch up this wave while it is still at bottom.
The Next Big Thing
By: David Morrill
Friday, May 12, 2006
Quito, Ecuador
Dear International Living Reader,
Breath-taking scenery, world-class crafts, a thriving indigenous culture, and year-round spring-like weather…the Ecuadorian Andes is one of the most spectacular stretches of terrain on Earth (at Cayambe, it is the only place on the planet where the equator crosses a glacier).
Plus, with some of the lowest property prices in a country that's already one of the cheapest in the world, this part of Ecuador is growing increasingly popular with real estate buyers and expatriates.
Otavalo, an hour-and-half drive north of Quito, is surrounded by emerald peaks, and offers the largest indigenous market in Latin America. The region is famous for its highly skilled artisans who create leather, wood, and textile products. North of Otavalo, the town of Cotacachi, known for its leather crafts, and San Antonio de Ibarra, renowned for its woodwork, are major draws for tourists. San Antonio is famous for the intricately decorated carvings of saints which the town supplied to French and Spanish Catholic churches in the 18th and 19th centuries.
A popular small development that has attracted a number of North American and European investors to the area is San Miguel in Cotacachi, a project created by an Ecuadorian and Canadian. Lots that are close to downtown with spectacular views of Vulcan Cotacachi start at $20,000; houses begin at $65,000.
Cuenca, in Ecuador's southern Andes, and the villages surrounding it, form another center of craftsmanship that rivals the Otavalo region. The area produces jewelry, leather, textiles, furniture, and ceramics. Within an hour's drive of Cuenca, you'll find the charming jewelry town of Chordeleg, famous for its filigree silver and gold jewelry, and the village of San Bartholome, said to produce some of the best handmade guitars in the world. Cuenca, which produces many crafts of its own, has become the center of the Panama hat trade, as production has moved from the coast to the Andes.
Cuenca itself is known as the cultural heart of Ecuador, having produced many of the country's great artists and writers. Although the city's metropolitan population approaches 450,000, the colonial center of the city retains a charming small town flavor. Many of the city's old colonials have been restored into hotels, restaurants, coffee shops, and clubs. Their charming fronts are painted in lively colors, their balconies overflowing with flowers.
Cuenca hosts dozens of craft fairs, and music and art festivals, and is known for its outlandish parades and celebrations. During a recent week, there was a native dance festival on the banks of one of the city's four rivers, an opera performance in a downtown concert hall, a jazz program in the pavilion on the main square, and art exhibit openings at two museums. The local government mandates that the city sponsor at least 200 cultural events per year, most of them free to the public. Colonial Cuenca has become increasingly popular with tourists and language students, who enjoy the culture, the university town feel (the city has five universities), and the weather.
Despite Cuenca's popularity and recent growth, real estate remains a bargain. New condominiums begin in the mid-$30,000 range, and go up to the low $100,000s for large penthouses. The mountains surrounding Cuenca also offer outstanding values. In the village of Ramada, 20 minutes east of the city, there is a 1,000-square-foot house on 2 acres on offer for $26,500. The 15-mile view from the back patio is a bonus. Closer to town, high above the city, is a 3,300-square-foot home with a separate guest house on a manicured 3/4-acre lot with gorgeous views all-around. The price: $145,000.
A four-hour ride south of Cuenca lies the magical valley of Vilcabamba. Although the ancient Quichuan language made reference to the entire area south of Cuenca to northern Peru as the "Land of Long Life," or "Valleys of Good Life," Vilcabamba has laid claim to the modern translation and dubs itself the Valley of Longevity.
Indeed the valley has been the subject of several studies to determine why so many residents live to ages of more than 100. Although the results of the studies were inconclusive, all agree that clean air, good water, and easy living is a major factor in longevity.
On a per capita basis, Vilcabamba boasts one of the largest concentrations of expats in Ecuador, attracted by the rural lifestyle and what International Living's Roving Latin America Editor Lee Harrison calls "the best weather on earth." At an elevation of less than 5,000 feet, daily temperature range from approximately 60 degrees Fahrenheit at night to 80 degrees Fahrenheit during the day.
Although the price of land has appreciated rapidly in the past two years, you can still find good values in the Vilcabamba area, such as this 8-acre property in the Malacatos valley, adjacent to Vilcabamba, with stunning views of the valley. It includes a caretaker's cottage with electricity and water. Price: $48,000.
Also in Vilcabamba, a newly constructed four-bedroom, two-bath house three blocks from the town square featuring gated parking, built-in closets, and guest house in the rear is on sale for $82,000.
Just outside of Vilcabamba, with 153 feet of river frontage on the Vilcabamba River, is a 1.5-acre plot with a three-bedroom, one-bath home. The updated rammed-earth home has 17-inch walls, new hardwood doors and ceilings and an unobstructed view of Mandango, the famous rock formation that overlooks the Vilcabamba valley.
David Morrill
For International Living
Very Good news! Just starting to look at this company, what are the outlooks?
Great news today
Promotora Valle Hermoso Announces the 25 Percent Presale of the Development 'Gerona Gardens'
ORLANDO, Fla., Feb. 12, 2007 (PRIME NEWSWIRE) -- Promotora Valle Hermoso (OTC BB:PVLH.OB - News), one of the leading providers of housing solutions in Ecuador, is pleased to announce that as of February 9, 2007, twenty five percent of the construction development ``Gerona Gardens'' has been pre-sold.
The project ``Gerona Gardens'', involves construction of 42 townhouses independent. The Company anticipates revenue of $2 million from the sale of Gerona Gardens' units.
About Promotora Valle Hermoso:
Promotora Valle Hermoso invests financial resources in housing projects in Quito, Ecuador and its suburbs. Its goal is to build real estate which offers comfort and space to families preferring a lifestyle in a harmonious and peaceful environment. Housing inner-areas have natural lighting, resulting in energy savings, and are equipped with modern technology installations.
Promotora Valle Hermoso targets a housing deficit of 1,200,000 houses in a country that has a yearly growth of just 60,000 housing solutions. The efficient structure of Promotora Valle Hermoso allows building fast economy housing and targets providing the middle-class population with affordable living.
More detailed information on the housing projects can be found on the Promotora Valle Hermoso corporate website: http://www.promotoravh.com/indexe.html.
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