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EIGH .032x.035 News 8000inc subsidiary Skyvillas Realty exceeds the BDS$100,000,000 value for its property listings
Date : 01/28/2010 @ 9:30AM
Source : PR Newswire
Stock : (EIGH)
Quote : 0.036 0.0 (0.00%) @ 8:15AM




8000inc subsidiary Skyvillas Realty exceeds the BDS$100,000,000 value for its property listings

In January 2010 Skyvillas Realty (SVR) Barbados, part of the 8000inc USD $75M investment strategy, exceeded 225 property listings for its sales and rental businesses.

MANASSASS, VA, Jan. 28 /PRNewswire-FirstCall/ --

SVR this week exceeded its 225th property listing having secured its 200th, Jamoon, on the Sandy Lane Estate, Barbados, in December. This landmark values the SVR property list for sales in excess of BDS$98M and monthly rental revenue of BDS$200K. It is expected that the rate of growth, and business value, will accelerate through the launch of the new SVR web site and publicity campaign commencing first week of February 2010

Joel Parris, Managing Director SVR said "Since becoming a part of the 8000inc group, the team has been motivated to take advantage of the potential and possibilities we have at SVR. However, I never expected the interest or the rate at which clients and customers are contracting with us. At this rate we will exceed BDS$500M of listings this year and need more staff to manage this demand."

When we found Skyvillas, we all knew it was an undiscovered gem. What we didn't know was how quickly after restructuring, the market would realize this too. Joel and the team should be extremely pleased and excited with what is happening. Putting this into perspective," said Thomas Kelly, CEO 8000inc, "two property sales on Sandy Lane this year would take the subsidiary annual turnover to over USD$1M. We are all looking forward to the expansion, and expectation, of Skyvillas operating in other countries."

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.

DATASOURCE: 8000 Inc

CONTACT: http://www.8000inc.net/, http://www.skyvillasrealty.com/, Or contact: