Metrospaces Inc (MSPC)

[Helter Skelter]

2 cents isn't out of the question...

Portfolio Projects:
Ikal Lodge and Winery: The 2017 grape harvesting has been a record on a revenue basis.A lower yield in net Kilos harvested, resulted in price increases that more than compensated the drop in production.The company expects to book approximately $320,000 in revenue with an EBITDA of about $100,000 on 2017's harvest.This year, we will for the first time be selling and exporting a premium wine in the $50-60 retail price range.We expect this entire year's wine line to generate an additional $50,000 in revenue for the year.Our wine is a great product, but basically it serves as an amenity for our real estate deal on the project. Ikal Lodge and Winery is 75-hectare wine-based hotel and vacation home project, located in Mendoza, Argentina. This amazing project consists of a 25-master suite luxury hotel, a world-class winery and 29 luxury villas that will be sold under fractional ownership. Total revenue from the sale of the villas is expected to be at approximately $100 million, with and EBITDA of about 45%. We are in advanced negotiations with 3 potential investors to put up 100% financing, but no assurances can be given as far as timing for the construction of this project.
For more information: www.ikal1150.com