International Land Alliance Reports Sales at Oasis Park Resort
International Land Alliance (ILAL) reported significant sales achievements for May 2024.
Highlights include home site sales at Rancho Costa Verde totaling $500,000, completed home sales of $580,000, $900,000 in new home construction contracts, and $400,000 in home site sales at Oasis Park Resort.
ILAL credits digital media marketing initiatives launched early in the year for driving sales growth. The recent acquisition of Rancho Costa Verde Development has facilitated home site sales to the public at Oasis Park Resort for the first time.
The company expects financial statements to more accurately reflect closed sales volumes due to changes in revenue recognition.
- May sales volume exceeded $2,000,000.
- Home site sales at Rancho Costa Verde amounted to $500,000.
- Completed home sales reached $580,000.
- New home construction contracts valued at $900,000.
- Home site sales at Oasis Park Resort totaled $400,000.
- Sales growth attributed to effective digital media marketing.
- First public home site sales at Oasis Park Resort following the acquisition of Rancho Costa Verde Development.
- Expected improvement in sales revenue accuracy due to changes in revenue recognition.
- No mention of profit margins or net income figures.
- Risks related to reliance on digital media marketing success.
- Potential over-reliance on the acquisition of Rancho Costa Verde Development for sales growth.
- No details on operational costs or expenses for May.
- Lack of information on long-term financial health and sustainability.
Topline May Sales Volume exceeds
SAN DIEGO, CALIFORNIA, May 30, 2024 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, today reported home site sales at Rancho Costa Verde of approximately
Frank Ingrande, President of ILAL, noted: “The majority of sales are resulting from digital media marketing activities that were implemented at the beginning of the year. Due to recent modifications in our accepted revenue recognition formula, we expect our financial statement sales revenue to reflect our actual closed sales volume more accurately this year. Also, as planned, the acquisition of Rancho Costa Verde Development, LLC last year has resulted in home site sales to the general public for the first time at the Company’s Oasis Park Resort. The reasons for the acquisition were to utilize the existing marketing activities and sales force of Rancho Costa Verde for all the Company’s real estate developments as well as for revenue streams of Rancho Costa Verde.”
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.
Safe Harbor Statement
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
CONTACT:
Jason Sunstein
Jason@ila.company
FAQ
What was the total sales volume reported by ILAL for May 2024?
How much did ILAL earn from home site sales at Rancho Costa Verde in May 2024?
What were the completed home sales for ILAL in May 2024?
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How much did ILAL earn from home site sales at Oasis Park Resort in May 2024?
What has driven ILAL's sales growth in May 2024?
How did the acquisition of Rancho Costa Verde Development impact ILAL's sales?
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