Metrospaces Inc (MSPC)

[TRAPPER JIM]

$70-90 million coming up according to todays news.
https://ih.advfn.com/p.php?pid=nmona&article=76898390
Ikal Lodge and Winery: Our Ikal Lodge and Wine business continues to be a stable source of cash flow. The months of March and April are our harvesting months when we collect our wholesale wine grapes that we will be selling to major wine producers as we have in the years past. 2018 revenue and EBITDA will likely be $350,000 and $130,000 respectively. We also expect to see significant sales from last year’s Premium wine collection launched in 3Q of 2017. This year we launched our premium wine brand, Premium Ikal. Premium Ikal will start selling in the US first quarter of 2018, as have already begun shipments to Houston. We bottled 20,000 units of this new premium wine in the middle of 2017. Ikal Lodge and Winery is a 75-hectare wine based hotel and vacation home project, located in Mendoza, Argentina. The 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; 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 and EBITDA of about 45%. For more information, please see: www.ikal1150.com.