Window Rock Capital Projects $42 Million in Revenue for Belize Resort Development
HOUSTON, Jan. 12, 2006 (PRIMEZONE) -- Window Rock Capital Holdings, Inc. (Pink Sheets:WRKC), a real estate asset development company, projects its fractional ownership program in Belize will bring $42 million in revenue to the company during the life of the resort development.
Charles Shirley, CEO of Window Rock, stated, "We anticipate that the Belize resort will attract $42 million in revenue and $10 to $12 million in associated costs."
Historically, the 1,845-acre, Belizean 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. 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.
Brian Collins, president of Window Rock, indicated that pre-selling of the fractional ownership interests will begin in the next two weeks. The market will be diverse and will include North America and Europe, with a particular focus on the Houston, Miami/Ft. Lauderdale, and Vancouver metro areas. The company is also currently negotiating with a group from London to pre-sell the U.K. market.
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 Web site at www.windowrockcapital.com
CONTACT: Window Rock Capital Holdings, Inc.
Charles R. Shirley
(832) 225-1372
charles@windowrockcapital.com
Investor Relations
Robert Bleckman
(713) 521-2147
robertbleckman@sbcglobal.net
Source: PrimeZone (January 12, 2006 - 7:54 AM EST)
News by QuoteMedia
www.quotemedia.com
