iPure Labs, Inc. Teams Up with Mark Vogel Acquisitions, LLC

Rhea-AI Summary

iPure Labs, Inc. (OTC: IPLB) has entered into a Definitive Memorandum of Understanding with Mark Vogel Acquisitions, LLC to explore commercial real estate opportunities in Maryland. CEO Thomas Fore expressed optimism about the partnership, highlighting Mark Vogel's extensive experience in the region. This collaboration will see iPure's subsidiary, Sora Ventures, engage in multiple real estate development projects. Additionally, the company's subsidiary, TideRock Development, will work with RealTex Development on affordable housing initiatives. Future press releases will provide more details on specific projects.

Positive

• Strategic partnership with Mark Vogel Acquisitions to expand commercial real estate opportunities.
• Sora Ventures to leverage multiple joint venture real estate development deals.
• Collaboration with RealTex Development for affordable housing projects.

Negative

• None.

BALTIMORE, July 8, 2021 /PRNewswire/ -- iPure Labs, Inc. (OTC: IPLB) announced today that the company has signed a Definitive Memorandum of Understanding with Mark Vogel Acquisitions, LLC to partner on commercial real estate opportunities in Maryland and surrounding areas. 

CEO Thomas Fore stated, "Mark Vogel has 30+ years of real estate development experience, mostly in the state of Maryland and we could not be more pleased with the agreement that we recently signed with his company.  Today, we are announcing that our main subsidiary, Sora Ventures, will work in conjunction with Mark Vogel Acquisitions, LLC to joint venture multiple real estate development deals.  Several are now on our radar and are being vetted by both parties." 

Mr. Fore went on to say, "We recently announced that our subsidiary, TideRock Development has been engaged by RealTex Development of Austin, Texas.  RealTex is a leading affordable housing developer with more than 20 years of experience in low income tax credit affordable housing in the Southeastern United States. This new agreement with Mark Vogel Acquisitions, LLC engages our main subsidiary, Sora Ventures putting the entire IPLB operation on a path toward success in calendar year 2021 and beyond and we are just getting started." 

Mr. Fore finished up with, "Our first three press releases have been put together in order to give our shareholders a general synopsis of our company, its subsidiaries and examples of how each will generate revenue.  Our next few releases will go into more detail on specific projects.  We look forward to sharing more developments with you in the coming weeks.  Thanks to each of you for your ongoing support."

About iPure Labs, Inc.: The company is a Real Estate related operation focused on multi-million dollar "develop to own" projects through its subsidiary, Sora Ventures.  The company also offers Real Estate Advisory Services via its subsidiary, TideRock Development.

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. 

Contact:
Thomas B. Fore
CEO
Email: info@ipurelabs.com
Phone: (800) 791-8433

 

View original content:https://www.prnewswire.com/news-releases/ipure-labs-inc-teams-up-with-mark-vogel-acquisitions-llc-301328182.html

SOURCE iPure Labs, Inc.

FAQ

What is the partnership between iPure Labs and Mark Vogel Acquisitions?

iPure Labs has signed a Memorandum of Understanding with Mark Vogel Acquisitions to explore joint commercial real estate ventures in Maryland.

How will the partnership impact iPure Labs (IPLB) financially?

The partnership aims to create revenue opportunities through multiple real estate development projects, potentially improving the company's financial outlook.

What is the focus of the projects under the new partnership?

The projects will primarily focus on commercial real estate development opportunities in Maryland and surrounding areas.

What are the future prospects for iPure Labs after this partnership?

The company expects to lay a pathway for success in 2021 and beyond, with further announcements detailing specific projects to come.

What role does Sora Ventures play in the new partnership?

Sora Ventures will work with Mark Vogel Acquisitions to pursue numerous real estate development deals as part of the strategic partnership.