ProGreen US Inc. (fka PGUS)

[MoneyForNuthin]

ProGreen Properties (PGEI) has come a long way from this:

BIRMINGHAM, MI--(Marketwired - Oct 28, 2015) - ProGreen Properties, Inc. (ProGreen) (OTC PINK: PGEI) is pleased to announce that advanced discussions for a joint venture and/or purchase agreement for several thousand acres in Baja California, are presently under way with the Mexican land owner. The proposed first phase of 1,000 acres, designated for agriculture use, would be developed to generate a planned long term income stream for ProGreen. Further phases would contain resort, residential and commercial real estate properties, including 80 acres of beach front land, primarily aimed at the US retirement and vacation market.
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"I am personally very excited with the prospect of getting into developments in Baja California, having started out as a builder/property developer Southern Spain some forty years ago. The major difference this time around, is the experience gained from building and selling over 500 homes in a country that, at the time, was so similar to what Baja California is today," says Jan Telander, President & CEO.

http://www.marketwired.com/press-release/progreen-in-discussions-for-large-property-deal-in-mexico-otc-pink-pgei-2067821.htm

80 acres of beach front land - 1 acre is 43560 sq ft, or approximately 208 ft x 208 ft. If the 80 acres beachfront is organized as 1-acre beach front lots, this spans just over 3 linear miles along the coast (80 x 208 = 16,640 ft; 5,280 ft in a mile... 16,640 / 5,280 = 3.15 miles). If, instead, you figure that the beachfront property is 3x as deep, say 600ft, that reduces the linear beachfront to a span of about 1 mile. Maybe that is more realistic. The following photo image shows less than 1/2 mile of beachfront property in Naples, Florida for reference:


This was once just sand, seawater and mangroves around the shorelines. And not much more than swamp beyond that.

Worthy of noting, Jan did not highlight in his brief press release yesterday that much of the work over the past several months was due diligence on the water rights, and availablity of fresh water wells through exploratory drilling. Having completed this due diligence and negotiations with the land owner(s), Jan was proud to announce this new deal for 1,900 acres, plus the 3-year option for up to an additional 11,500 acres. The total comes to 300 + 1,900 + 11,500 = 13,700 acres available for development for agricultural use (organic farmland) and commercial/residential development. This is 21.4 square miles!

For reference, the city of Naples, Florida occupies a total of 14.4 square miles.

Similar to Naples, I believe much of the land is useful for one thing only - vacation homes and resorts. The way that it differs from Naples is that a very significant portion of the land is suitable for long-term, income-generating, premium organic farm land. This can go a long way toward developing a sustaining economic infrastructure, which can lead to accelerated investment in the development of surrounding land by others and rapidly increasing valuation of land in the region (of which the PGEI/Contel JV would be one of the most significant owners, if not THE largest land owner). Furthermore, as the infrastructure develops, available land will have commercial uses for many new purposes including retail establishments, offices, and light manufacturing, perhaps even some heavy industry and certainly some utility use (who knows, maybe even solar power plants?). All of this creates higher demand and leads to ever-increasing land value.

I'm not suggesting that a Baja Naples would be developed in the next year or two, or that Rome could be built in a day. But I can easily see how a $10K investment in PGEI today could provide generational wealth over the long haul. In just 3 to 5 years, that $10K investment could be worth $1M or more.

PGEI isn't some sort of momentum play where you put a few $K on the table and spin the wheel hoping it stops on 3 sixes, and not a crap shoot where you win or lose and walk away. ProGreen Properties DOES have assets, there IS significant land being developed and a joint venture with purchase options for control of a substantial added portion of the limited arable land in Baja California, including a significant portion that can be used for residential, resort and commercial construction - which happens to be the company's core competence. And the company is backed by successful entrepreneurs with financial means. No toxic debt for dilution... significant additional opportunities that could leverage the CEO's construction experience and unique relationship and history with SolTech Energy of Sweden (a founder and part owner / large shareholder of the $60M+ company).

In my earlier message (yesterday) regarding my conversation with Jan, I mentioned that Jan "sees our JV as the largest land owner in Baja." What I should have said is that "Jan said that (with this agreement, if fully exercised for the additional 11,500 acres) our joint venture IS the largest land owner in Baja." Again, I should say that I do not know if he meant "agricultural land owner" or if it was all-encompassing. I think it's important to remember that land is limited, land with water rights is even more limited (in Baja California), and land with fresh water well sufficiency is premium - and Jan has covered all the bases with this agreement. As he tried to convey with his clarification - this is HUGE for ProGreen Properties (and PGEI shareholders)!

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ProGreen Executes New Joint Venture Agreement With Inmobiliaria Contel

BLOOMFIELD TOWNSHIP, MI -- (Marketwired) -- 05/17/16 -- ProGreen Properties, Inc. (PROGREEN) (OTC PINK: PGEI) is pleased to announce that a second Joint Venture agreement between PROGREEN and Inmobiliaria Contel, S.R.L. DE C.V. (CONTEL), was signed last week in Ensenada, Baja California, with PROGREEN providing the funding of up to $600,000, which will be considered a loan and will be repaid with priority. Once the investment has been recuperated, PROGREEN will receive 50% of profits produced either from the sale or lease of the land. The first JV, was announced in February, for approximately 300 acres with some 100 acres suitable for farming. The second JV agreement, represents a considerably larger tract of land, totaling approx. 1,900 acres, with some 500-800 acres suitable for farming, depending on the amount of water that could be extracted through the drilling of fresh water wells.

The second JV agreement also contains a 3-year option for additional 11,500 acres, with some 1,000-2,500 acres suitable for farming, again depending on the amount of water available. We estimate the development process to involve drilling 8-10 wells for the 1,900 acres and perhaps as many as 50 for the 11,500.

In order to ensure uninterrupted water exploration, CONTEL recently entered into a long term agreement with a local water drilling company.

"This new JV agreement provides an incredible long term opportunity for PROGREEN to create a substantial and sustainable income stream in the years to come," says Jan Telander, President & CEO

http://www.marketwired.com/press-release/progreen-executes-new-joint-venture-agreement-with-inmobiliaria-contel-otc-pink-pgei-2125584.htm