ILVC .Intelligent Living Joint Venture With First Nations Could Produce $40 Million in Revenues Within Five Years
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{"s" : "ilvc.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Intelligent Living Corp. On Saturday December 4, 2010, 10:15 pm EST
VANCOUVER, BC--(Marketwire - 12/04/10) - Intelligent Living Corp. ("ILVC"), (OTC.BB:ILVC - News), a leading automation and technology solutions provider utilizing green building practices, is moving forward on a three part joint venture strategy that targets First Nations housing, small footprint new and re-developed housing within the Greater Vancouver market and export markets for small home technology. The joint venture strategy combines ILC's energy management and automation expertise with established First Nations domestic and offshore wood supply and small footprint home manufacturing to achieve target joint venture annual revenue of $40 million.
"Canadian Mortgage and Housing Corporation and National Aboriginal Housing Association have estimated the immediate sustainable demand for First Nations housing in British Columbia at over 20,000 units per year. Amendment of residential zoning with the greater Vancouver region has created the opportunity for over 90,000 units of new construction infill housing. Migration to China's first and second tier cities has topped the equivalent of 5 million households annually since 2000 resulting in a critical shortage of energy efficient, pre-manufactured small footprint wood frame housing," stated Mr. Michael Holloran, President and CEO. "Our joint venture combines the expertise of established players to target these markets and is designed to achieve $20 million in revenue within 3 years and $40 million within 5 years. This level of revenue growth requires less than a 1% share of the greater Vancouver infill market and 1.5 % of the First Nations home market without contribution from off shore opportunities."
About ILVC (www.intelligentliving.us): Intelligent Living Corp, utilizing green building practices, specializes in designing, supplying, installing, upgrading and servicing home and commercial automation systems including: energy use monitoring and control, security, occupancy monitoring and access control, lighting and HVAC control, and distributed audio/video systems. ILVC, a member of the Canadian Green Building Council, has supplied custom IT solutions since 1994 and automation solutions since 2003.
Safe Harbor Provision
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include, lack of liquidity, availability of product, uncertainty concerning market acceptance of its designs, competition and other risk factors as outlined in the Company's SEC filings.
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