Metrospaces Inc (MSPC)

[maz1978]

Metrospaces Announces 2017 3rd Quarter Revenue of $1,799,126 for Etelix

NEW YORK, NY -- (Marketwired) -- 10/20/17 -- Metrospaces, Inc. (OTC PINK: MSPC) announces that Etelix continues its record growth of 100% year-over-year for 3rd quarter 2017 to $1,799,126.

Mr. Silva stated: "Our Etelix acquisition continues to prove to be a tremendous success, with continued growth of approximately 100% over 2016. 3rd quarter revenue is slightly lower than 2nd quarter, motivated basically by seasonality effect, as summer and in particular September tend to be months with less business activity in Europe, which is where the bulk of our revenue is generated. However, we continue to consolidate our commercial relationship with our carrier/clients. Our business with such world-class carriers as Spain Telefonica, Portugal Telecom, Ultramobile and others, continues to grow at approximately 100%. We also added an additional 4 world-class carriers that should start adding to net revenue in the 4th quarter of this year. We are looking to close year-end revenue at approximately $8M. Needless to say, we are extremely pleased. The company is EBITDA positive and should reach approximately $300,000 for 2017, a growth of over 100% from 2016. With current overhead, equipment and staff Etelix can grow revenue by an additional 50% from current levels, thus being able to dramatically increase EBITDA and net income with every dollar of new revenue obtained."

About Etelix.com USA, LLC Etelix.com USA (http://www.etelix.com/) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company's main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider. The company was founded in 2007 and has been profitable since inception.

About Metrospaces

Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina and Miami, USA. It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $550Million.

Metrospaces' majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.

Among Metrospaces partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.

Metrospaces was originally founded by company President Oscar Brito.

Relevant Links: metrospaces.net/

Metrospaces Issues November 2017 Shareholder Letter

NEW YORK, NY -- (Marketwired) -- 10/17/17 -- Metrospaces, Inc. (OTC PINK: MSPC) today issued a letter to shareholders explaining the current state of projects, with revenue guidance on Etelix and new projects in consideration.

LETTER TO OUR SHAREHOLDERS

To Metrospaces Inc. (OTC PINK: MSPC) Shareholders:

2016 turned out to be a very difficult year due to the serious economic and political downturn in Venezuela. No economic or political forecast available could have ever predicted the complete destruction of the economy, political system and government institution. Due to this serious and very sudden exasperated downturn, Company management decided to refocus its activities on the US market. What once seemed to be an interesting play on one of the most dynamic and capitalist economic markets in Latin America turned out to be a very difficult time for the company and management. Nonetheless, the refocus of Company's business plan to the US quickly proved to be a good decision, since, from the beginning, the Company was quickly able to capitalize on excellent opportunities. This refocus of its business plan implicated the redirection of economic and human capital resources to the most important and elemental aspects of the Company's business. However, leaving some other important aspects in the cue.

Etelix USA.com: The Company finalized the acquisition of Miami-based Etelix USA.com back in April 2017. However, the company had been working on the acquisition since Q4 of 2016 and provided 3rd party debt financing to fuel growth starting Q1 of 2017. This financing has allowed Etelix to increase revenue year-over-year by approximately 100% from approximately $4.3M in 2016 to an expected $7.5M in 2017, while also raising EBITDA level from $130,000 in 2016 to an expected $300,000 approximately for 2017. Our expectation is for this growth to continue well through the year, and into 2018 as well. Our business plan for Etelix is to continue to grow their carrier-grade wholesale VoIP services, but also to start focusing more resources on their facility-based data center business. Currently, Etelix is working hand-by-hand with Metrospaces in finding locations and financing to build ground up data centers in secondary markets such as Austin, TX and Atlanta, GA. Our expectation is to find a site by Q1 of 2018, with the expectation of starting construction by 2Q of 2018. Etelix currently has world-class telcos as clients that have expressed considerable interest in setting up long-term agreements for VoIP-based data center services that would provide upstanding revenue-generating contracts before even breaking ground on these data center constructions. We think Etelix will continue to grow considerably in the coming quarters, while increasing shareholder value. Although it is markets that value companies, we think the market has not yet valued our acquisition in Etelix properly, as most like-carriers are valued in the .8-1.2X revenue for EBITDA positive telco carriers.

Ikal Lodge and Winery: Our Ikal Lodge and Wine business continues to be a stable source of cash flow. Even though final revenue is determined at year-end, due to final pricing agreement with buyers, we expect final revenue to be at approximately $330,000 for 2017, while generating approximately $110,000 in EBITDA. Ikal Lodge and Winery is a 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. March began the annual wine grape harvesting season, and as we have done in the past 3 years, we sold our entire wine harvest to our long-lasting clients Pernod Ricard and Los Haroldos. This year, our focus has been on turning around our business plan away from the Venezuelan operation to US-based businesses and real estate projects. However, we expect 1Q of 2018 to refocus a good part of our effort in launching this amazing business. Once the real estate project is complete, total revenue from the sale of the villas is expected to be at approximately $70-90 million, with an EBITDA of about 45%. For more information, please see www.ikal1150.com.

Quarterly and Annual Filings: Due to the serious setback in our Venezuelan operation and business plan, all resources had to be directed to money-generating business acquisitions and growth funding, thus leaving little cash and human resources to our quarterly and annual financial filings. Nonetheless, we expect to start bringing our quarterly filings up to date within the next few days. It has been an enormous effort to refocus the business plan to the US, leaving little financial and human resources for much else. We expect that the most difficult part of this effort is behind us, which will start freeing up cash and human resources for our filings and other such activities. We thank our shareholders for their patience in that sense, and for their continued belief in the company and management team.

Real Estate Projects in the US: The Company's management team has personally relocated to the city of New York in order to focus their efforts in more important capital markets, as well as real estate locations. Currently, the company is considering at least 2 projects in the New York City area, with an expectation to close on the acquisition of a residential luxury building site before end of 2017. Hopes and expectations are high; however, no assurances can be made that a deal will happen anytime soon, if at all.

Other investment highlights:

JV Agreement with Proideas (http://proideas.com.ar/): This JV agreement will allow Metrospaces a partnership with a very prominent private equity group in Argentina, just as the country begins a new economic shift to a more pro-market environment. This partnership will bring not just new deal flow to the company, but more importantly will also bring in fresh financing for the company's current projects.

JV Agreement with Prohotels of Argentina: In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.

Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are at! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2017 and beyond!