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Friday, 10/22/2010 1:43:40 PM

Friday, October 22, 2010 1:43:40 PM

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MORE EB-5/SOUTHBRIDGE INFO..... HUGE

EB-5 Massachusetts forms join venture through $1.5 Million cash investment
As part of its $75m investment strategy, 8000inc will provide an initial $1.5M working capital for the project through the acquisition. The SDG project currently holds contracts delivering $25M gross revenue

MANASSAS, VA, Dec. 16 /PRNewswire-FirstCall/ – SDG has formed a joint venture with the Massachusetts EB-5 organization for educational services, real estate development and manufacturing. They have a lease purchase agreement to develop a 150 acre site which will contain a 300,000 square foot hotel and 900,000 square foot industrial Park. With 12 years remaining on its current 20 year training contract with the Department of Defense, SDG will house an international vocational training center, to develop and run a vocational training and certification program for the US Veterans, beginning with wounded veterans at the Walter Reed Army Medical Center.

In addition, the project will develop and create new services and businesses for the local community. For more detailed information on the project please go to the investment section of www.8000inc.net. Further detailed announcements will be made.

“This Unique proposition and project attracted us”, said Thomas Kelly, “because not only did the business model and reasoning stand up, but this project delivers something special to a community and individuals who have provided service to their country. Simply it gives something back. I can see no better justification for investing in any project. The Investment team should be congratulated for identifying and closing this deal, and we as a team feel excited at being involved with such a worthwhile project”.

Larry Mathews, President Southbridge Development Group Inc. stated “This financing is a significant event for Southbridge, as it brings in both capital and experienced investors who can help us achieve our ambitious growth plans. The realization of this investment now means we can progress without barriers to deliver what we feel is an exceptional project and investment opportunity. I and the team are looking forward to working with 8000inc, whose creativeness and vision has ensured the project can now deliver its plan.”

http://eb5info.com/posts/2-eb-5-massachusetts-forms-join-venture-through-1-5-million-cash-investment

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