International Land Alliance Reports Sales at Rancho Costa Verde and Oasis Park from September 7 Sales Event

Rhea-AI Summary

International Land Alliance (OTCQB:ILAL) reported $625,000 in sales from its first fall 2024 sales event at Rancho Costa Verde and Oasis Park. This includes seven homesite sales and one new home construction contract. ILAL's President, Frank Ingrande, views this as a positive indicator for the traditionally strong fall season. He highlighted improving advertising effectiveness, progress in sales from newly released Oasis inventory, and established revenue channels at Rancho Costa Verde.

Ingrande expressed optimism about the company's momentum, stating that the team is 'delivering at a rapid clip' with much to look forward to. ILAL, based in San Diego, focuses on acquiring raw land in Northern Baja California, developing properties that offer diverse investment and living options.

Positive

• Achieved $625,000 in sales from a single event
• Sold seven homesites and secured one new home construction contract
• Reported improving advertising effectiveness
• Noted progress in sales from newly released Oasis inventory
• Highlighted strong performance of established revenue channels at Rancho Costa Verde

Negative

• None.

Topline Revenues exceed $600,000

SAN DIEGO, CALIFORNIA, Sept. 12, 2024 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, today reported sales of $625,000 at Rancho Costa Verde and Oasis Park for the first sales event of fall 2024, representing seven homesite sales and one new home construction contract.

Frank Ingrande, President of ILAL, noted: “This is a very positive indicator going into the fall, which historically has been our high season. Advertising continues to improve and drive positive results; sales from our newly released inventory at Oasis is progressing nicely, and along with our more established revenue channels at Rancho Costa Verde, collectively making customers’ lives better every day. As we enter the fall, our team is delivering at a rapid clip, and we have a lot in front of us to be excited about.” 

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, CFO
Jason@ila.company

FAQ

What were ILAL's sales figures from the September 7, 2024 event?

International Land Alliance (ILAL) reported sales of $625,000 from its September 7, 2024 sales event at Rancho Costa Verde and Oasis Park.

How many homesite sales did ILAL (OTCQB:ILAL) secure in the fall 2024 sales event?

ILAL secured seven homesite sales during the fall 2024 sales event at Rancho Costa Verde and Oasis Park.

Did International Land Alliance (OTCQB:ILAL) report any new home construction contracts from the September 2024 event?

Yes, ILAL reported one new home construction contract from the September 2024 sales event.

What is the primary geographical focus of International Land Alliance (OTCQB:ILAL) for land acquisition?

International Land Alliance primarily focuses on acquiring attractive raw land in Northern Baja California, often within driving distance from Southern California.