Spur Ranch(TM), Inc. Announces Contract on Property Acquisition
Spur Ranch, Inc. Common Stock (OTCBB:SPRA)
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Today : Thursday 2 December 2010
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Spur Ranch™, Inc. (OTCBB: SPRA) is pleased to announce that it has entered into a contract for the acquisition of the 14.7 acre "Rockin A Ranch" in Austin suburb, Spicewood, Texas. The property, which features a 9-stall barn, has prime frontage on Highway 71 and will serve as the company's initial development demonstration property, home of the Spur Ranch™ Polo Team and Polo School, as well as the initial feature of Spur Ranch's™ ReRancher (working title), an "extreme-barn-makeover" development-stage television show. The Company will transform the Rockin A Ranch into a small-scale working example of the Spur Ranch™ themed development projects, featuring the property as a showcase for its development partners, builders, developers and stakeholders. The Property will be a working polo ranch, which provides a real world example of the Company's real estate development model, fusing the equestrian lifestyle and affordable elegance.
The Rockin A Ranch, located 15 minutes outside of Austin, is a gentleman's-style ranch with a grand sandstone entry leading to a rock home. The design of the buildings and surrounding landscape offers an elegant yet rustic feel and is a perfect setting for Spur Ranch's™ development, polo and television projects. Spur Ranch™ CEO, Andrew Stack, said, "Spur Ranch™, Inc. is excited to move forward with the acquisition of the Rockin A Ranch. This is a major step toward satisfying our corporate mission: introducing polo to an entirely new audience. The sport of kings isn't about kings at all. It's about normal, everyday people that love their horses and the camaraderie of the sport, and enjoy the surroundings of the equestrian lifestyle. I think when people see what we do with the Rockin A Ranch they are going to be surprised, and they are going to say, 'Hey, I want that life too!' It's exactly what it sounds like -- real life polo as a backdrop to a champagne fluted Sunday afternoon party, yet for all its glitz and glamour, you don't need Wall Street's bankroll to afford it!"
"In addition," Stack continued, "This property will be a working showcase for our development partners and stakeholders -- a place where they can tour the property and understand what it means to partner with Spur Ranch™, or live in a Spur Ranch™ community. Our economic model is focused on creating everyday luxury while maximizing the use of natural green space for our equestrian communities, building real value through substantial savings on the development side."
The total purchase price of the property is $657,000, and closing on the sale is scheduled to occur on or before January 15, 2011.
The property can be viewed at the following website: http://www.myrealty.com/Find/DetailedListing.aspx?GLS=US-TX-989602169
ABOUT SPUR RANCH™:
Spur Ranch™ is a dynamic organization whose mission is to introduce the sport of polo to an entirely new audience. Traditionally a sport catering to high society, the 400 year old "Sport of Kings" will now be presented to a whole new demographic via intelligent development and strategic marketing. The Company plan focuses on developing equestrian and polo themed communities and venues, solidifying its balance sheet through the acquisition of real assets. Headquartered in Austin, Texas with a domestic and international focus on spreading the adoption and spectatorship of polo and other equestrian sports, Spur Ranch will also produce entertainment media that will bring the equestrian lifestyle into the living rooms of the world.
In accordance with the safe harbor provisions of the Private Securities
Reform Act of 1995: except for historical information contained herein, certain matters set forth in this press release are forward looking statements that are subject to substantial risks and uncertainties, including government regulation, taxation, competition, market risks, customer attendance, spending, general economic conditions and other risks detailed in the Company's Securities and Exchange Commission filings and reports.
Investors are always cautioned to be careful in drawing conclusions from a single press release, the Company's performance in a single quarter or the individual opinions of any member of the Company's management in making their individual investment decisions
.
Contact:
W. Andrew Stack
CEO
512-355-1077 begin_of_the_skype_highlighting 512-355-1077 end_of_the_skype_highlighting begin_of_the_skype_highlighting 512-355-1077 end_of_the_skype_highlighting
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