Gifa Inc Announces Update On Company's Ongoing Projects and Activities

Rhea-AI Summary

Gifa announced updates on its projects and activities, highlighting strong Q1 2024 performance in its real estate business. The World Bank projects a 2.7% growth for TRNC in the coming year, supporting Gifa's strategic investments. The company plans to expand its portfolio by acquiring more assets. Gifa completed the subdivision project on its 234 donum land in Karsiyaka and is moving forward with a luxury villa development on the same site. The villa project aims to offer high-quality, modern homes with large gardens. Gifa is also streamlining operations and improving efficiency to deliver value to shareholders. The company is auditing financial statements to ensure transparency and thanked shareholders for their support.

Positive

• Strong Q1 2024 performance in real estate.
• World Bank projects a 2.7% growth for TRNC, supporting Gifa's investments.
• Completion of subdivision project on 234 donum land in Karsiyaka.
• Development of luxury villa project with high-quality amenities.
• Plans to expand portfolio by acquiring additional assets.
• Efforts to streamline operations and improve efficiency.
• Commitment to transparency by auditing financial statements.

Negative

• None.

SAN DIEGO, CA / ACCESSWIRE / June 25, 2024 / Gifa, Inc., a Nevada corporation ("GIFA," the "Company," "we," "us," and "our") (OTC PINK:GIFX) today announced an update on the company's ongoing projects and activities.

‘We are pleased to announce that our real estate business has shown strong performance in the first quarter of 2024, positioning us well in the industry,' said Mr Kisa.

‘The World Bank has projected a 2.7% growth for TRNC next year, further confirming that our investments and strategic directions are performing well. Consequently, our company intends to expand our portfolio by acquiring additional assets in this field.'

‘Our team has completed the subdivision project on our 234 donum land in Karsiyaka and is now focusing on developing the villa project on the same land. The villa project will consist of luxury, modern villas with large gardens and high-quality amenities. We are excited to introduce this new project and provide our customers with the opportunity to own their ideal home in a stunning location. Our team is dedicated to provide exceptional design and construction quality in every aspect of the project. We will work closely with experts to ensure that each villa is built to the highest standards and meets the needs and desires of our future residents. We are confident that the villa project will be a great success and will further enhance the reputation of our company as a leading developer in the region,'said Mr Kisa

‘Furthermore, we are continuously evaluating our business strategy and looking for ways to streamline our operations and improve efficiency. We are committed to delivering value to our shareholders, and are confident that our proactive approach will lead to continued success and growth in the future.'Mr Kisa added.

Mr Kisa said that their team is diligently working on auditing financial statements to ensure transparency and accuracy in their reporting. He also thanked his shareholders for their continued support and trust in their company.

ABOUT GIFA INC:

GIFA, Inc., through its subsidiaries, provides financial services and consultancy, brokerage, business loans, project funding, crowdfunding advice, and consultancy to individual and corporate clients. It also offers personal and professional business development and investment advice to private clients airline representation, and corporate and leisure travel services. In addition, the company provides end-to-end supply and demand chain management services engaging in controlling and coordinating supply of materials to a range of entities that are involved in producing and delivering goods and services. Further, it engages in media business comprising newspaper and Webtv; provides consultancy, advice, assistance, and support for local businesses, as well as opportunity to access international finance; and offers local businesses and individuals small loans. The company also owns real estate and generates rent and sale income. The company was formerly known as Firefish, Inc. and changed its name to GIFA, Inc. in October 2017. GIFA, Inc. was founded in 2008 and is headquartered in Lefkosa, Cyprus.

Forward Looking Statements

This press release contains forward-looking statements. In particular, the words believe, may, could, should, expect, anticipate, estimate, project, propose, plan, intend, and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this press release about an action, event or development, are forward-looking statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions, many of which may be beyond control of the Company, that could cause actual results to differ from those in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, and factors that cannot be predicted with certainty, as well as additional risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement except as required in accordance with applicable laws.

For further information contact:

GIFA INC
Dr Fazil Kucuk Boulevard, Hamitkoy Junction
Hamitkoy, Nicosia
Mersin 10 Turkey
+903926116000
info@gifainc.net

Topic: 2024 Company's Ongoing Activities

SOURCE: GIFA INC

View the original press release on accesswire.com

FAQ

What recent performance did Gifa report in its real estate business?

Gifa reported strong performance in its real estate business for Q1 2024.

What is Gifa's new villa project about?

Gifa's new project involves developing luxury villas with large gardens and high-quality amenities on a 234 donum land in Karsiyaka.

What growth is projected for TRNC in the next year?

The World Bank projects a 2.7% growth for TRNC in the next year.

How is Gifa planning to expand its real estate portfolio?

Gifa plans to expand its real estate portfolio by acquiring additional assets.

What is Gifa doing to ensure transparency in its financial reporting?

Gifa is auditing its financial statements to ensure transparency and accuracy.