Metrospaces Inc (MSPC)

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$MSPC Big News Out 3.7 mill float

Metrospaces Announces Joint Venture Agreement With Merchant Bank Proideas of Buenos Aires, Argentina

NEW YORK, NY--(Marketwired - Nov 19, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) announces the execution of joint venture agreement with Buenos Aires based merchant bank Proideas.

Mr. Brito stated: "This joint venture agreement will give Metrospaces direct access to some of Proideas private equity deals not just in real estate, but also in middle-market companies across different industries. Additionally, Proideas will work with us in financing and execution of our Ikal Lodge and Wine, as well as our hotel projects in Venezuela. Proideas has been involved in over $100 million in direct financing, investment banking and M&A activities in the last 8 years and is considered a predominant player in the private equity industry in Argentina. It's quite an opportunity to join forces with this exciting group of professionals. As it's well-known, Argentina has up-and-coming presidential elections that will more than likely bring a more market-friendly administration, and this agreement positions ourselves in the country, before an expected upturn in the Argentinean economy. We will immediately start reviewing deals on which we can act upon."