International Land Alliance Results from First Sales Tour of 2023

Rhea-AI Summary

International Land Alliance (OTCQB:ILAL) reported strong sales momentum from its RCV development, achieving approximately $300,000 from 10 new home site sales and over $600,000 from 3 new construction starts during its first sales tour of 2023.

Despite economic challenges, the firm emphasizes its position in the market, driven by increasing demand for affordable luxury housing and growing retirement demographics. Additionally, agent training initiatives aim to enhance the sales network at RCV, bolstering the company’s market presence.

Positive

• Achieved $300,000 in gross sales from 10 new home site sales during first sales tour.
• Secured over $600,000 from 3 new construction starts.
• Strong demand for affordable luxury housing amid growing retirement demographics.
• Successful agent training program enhances sales capabilities at Rancho Costa Verde.

Negative

• None.

Continued momentum from 2022 with $1M weekend

SAN DIEGO, CALIFORNIA, Jan. 18, 2023 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, is pleased to announce strong results from its first sales tour of 2023 with 10 new home site sales generating roughly $300,000 in gross sales and 3 new construction starts for gross sales in excess of $600,000 at its Rancho Costa Verde (“RCV”) development.

Frank Ingrande, President of ILAL, commented: “We have seen a strong start to the 2023 sales cycle, reflecting the appeal of our affordable, high-quality real estate products. Growing income also offers support to our property valuations as the overall market adjusts to an environment of higher funding costs. Despite the difficult economic environment, our business is still well-positioned due to growing retirement numbers and the increasing demand for affordable luxury housing.”

The Company further announced the successful agent training at its Rancho Costa Verde development – adding to its existing network of California licensed real estate agents and brokers.

For more information about RCV, please visit: www.ranchocostaverde.com

For more information about the Company, please visit RedChip’s ILAL page at https://ilalinfo.com/.

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 of 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 expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.

CONTACT:
Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
ILAL@redchip.com

FAQ

What were the sales figures reported by International Land Alliance (ILAL) in January 2023?

In January 2023, International Land Alliance (ILAL) reported approximately $300,000 in gross sales from 10 new home site sales and over $600,000 from 3 new construction starts.

How is International Land Alliance (ILAL) positioned in the current economic environment?

International Land Alliance (ILAL) is positioned to capitalize on the increasing demand for affordable luxury housing despite economic challenges, supported by growing retirement demographics.

What developments did ILAL announce in January 2023 about its Rancho Costa Verde (RCV) project?

In January 2023, ILAL announced the successful completion of agent training at its Rancho Costa Verde project, adding to its network of licensed real estate agents.

What is the stock symbol for International Land Alliance?

The stock symbol for International Land Alliance is ILAL.