8000 Incorporated (EIGH)

[Cube]

Well shares are being used as follows: There was a block of shares designated for the investment of properties imo 8000inc (EIGH.pk) Commences Real Estate Operations purchasing properties valued at $1.5M USD at 40 cents on the dollar

http://ih.advfn.com/p.php?pid=nmona&cb=1268758978&article=41789410&symbol=NO^EIGH


Thomas Kelly, CEO 8000inc, stated, "This development was always planned as part of the long term strategy for the 8000inc investment team. Having negotiated the $10M USD draw down utilising non-dilutable shares as previously announced, we now have the cash available to make our move on the US property markets and property development. The team will also manage the planned 8000inc Stadium in Barbados during 2010." Thomas added, "For the company to be able to move forward at such a pace is commendable and I congratulate all involved. For the team to create the vehicle to undertake realty purchases and development and to do this without dilution of the corporate treasury, nor engage in costly financing, is truly impressive. The 8000inc vision is now gearing up with the teams, the strategy and cash in place. But more importantly, all of the components have to move in unison and when the opportunity is at its greatest across all our businesses. All I can say is the team is doing just that, and then some."