L.O.I. Executed to Acquire Paradise Island
Token Communities (OTC Pink: TKCM) has announced that its wholly-owned subsidiary, ASC Global Inc., has executed a Letter of Intent (LOI) with American Software Capital to acquire Paradise Island in Arcadia, Florida. The property, formerly known as Heather Island, is a 165-acre premium waterfront property located on Peace River in DeSoto County, approximately 7 miles from Charlotte Harbor and the Gulf of Mexico.
The project is planned for development in three phases, with Phase One focusing on 24 acres to build 110 units of Townhouses, including a community pool, restaurant, and retail commercial spaces. Paradise Island is strategically located near major highways and growing communities, positioning it for potential future growth in the rapidly developing Southwest Florida area.
Token Communities (OTC Pink: TKCM) ha annunciato che la sua controllata, ASC Global Inc., ha firmato una Lettera di Intenti (LOI) con American Software Capital per acquisire Paradise Island ad Arcadia, Florida. La proprietà, precedentemente conosciuta come Heather Island, è una proprietà premium waterfront di 165 acri situata lungo il fiume Peace nella contea di DeSoto, a circa 7 miglia da Charlotte Harbor e dal Golfo del Messico.
Il progetto è previsto per Sviluppo in tre fasi, con la Fase Uno che si concentra su 24 acri per costruire 110 unità di case a schiera, inclusa una piscina comunitaria, un ristorante e spazi commerciali al dettaglio. Paradise Island è strategicamente posizionata vicino a importanti autostrade e a comunità in crescita, ponendola in una posizione favorevole per una potenziale crescita futura nell'area in rapida evoluzione del sud-ovest della Florida.
Token Communities (OTC Pink: TKCM) ha anunciado que su filial de propiedad total, ASC Global Inc., ha firmado una Carta de Intención (LOI) con American Software Capital para adquirir Paradise Island en Arcadia, Florida. La propiedad, anteriormente conocida como Heather Island, es una propiedad premium frente al agua de 165 acres ubicada en el río Peace en el condado de DeSoto, aproximadamente a 7 millas de Charlotte Harbor y el Golfo de México.
El proyecto está planeado para desarrollarse en tres fases, con la Fase Uno enfocándose en 24 acres para construir 110 unidades de casas adosadas, incluyendo una piscina comunitaria, un restaurante y espacios comerciales al por menor. Paradise Island está estratégicamente ubicada cerca de las principales autopistas y comunidades en crecimiento, lo que la posiciona para un potencial crecimiento futuro en la rápidamente desarrollada zona suroeste de Florida.
Token Communities (OTC Pink: TKCM)는 완전 자회사인 ASC Global Inc.가 American Software Capital과 파라다이스 아일랜드를 인수하기 위한 의향서(LOI)를 체결했다고 발표했습니다. 이 부지는 이전에 Heather Island로 알려졌으며 165에이커의 프리미엄 수변 부지로, DeSoto 카운티의 Peace River에 위치해 있으며, Charlotte Harbor와 멕시코만에서 약 7마일 떨어져 있습니다.
이 프로젝트는 세 단계로 개발될 예정이며, 1단계는 24에이커에 타운하우스 110세대 건설을 중심으로 하며, 커뮤니티 풀, 레스토랑 및 소매 상업 공간을 포함합니다. 파라다이스 아일랜드는 주요 고속도로와 성장하는 커뮤니티 근처에 전략적으로 위치해 있으며, 빠르게 발전하고 있는 플로리다 남서부 지역에서의 잠재적인 미래 성장을 위한 위치에 있습니다.
Token Communities (OTC Pink: TKCM) a annoncé que sa filiale à part entière, ASC Global Inc., a signé une Lettre d'Intention (LOI) avec American Software Capital pour acquérir Paradise Island à Arcadia, en Floride. La propriété, anciennement connue sous le nom de Heather Island, est une propriété de front de mer premium de 165 acres située sur le fleuve Peace dans le comté de DeSoto, à environ 7 miles de Charlotte Harbor et du golfe du Mexique.
Le projet est prévu pour un développement en trois phases, la première phase se concentrant sur 24 acres pour construire 110 unités de maisons en rangée, y compris une piscine communautaire, un restaurant et des espaces commerciaux de détail. Paradise Island est stratégiquement située près des principales autoroutes et de communautés en croissance, la positionnant pour un potentiel de croissance futur dans la région en plein essor du sud-ouest de la Floride.
Token Communities (OTC Pink: TKCM) hat bekannt gegeben, dass ihre hundertprozentige Tochtergesellschaft ASC Global Inc. einen Letter of Intent (LOI) mit American Software Capital unterzeichnet hat, um Paradise Island in Arcadia, Florida, zu erwerben. Die Immobilie, früher bekannt als Heather Island, ist eine 165-acre Premium-Wasserfrontimmobilie, die am Peace River im DeSoto County liegt und etwa 7 Meilen von Charlotte Harbor und dem Golf von Mexiko entfernt ist.
Das Projekt ist für die Entwicklung in drei Phasen geplant, wobei Phase Eins sich auf 24 Acres konzentriert, um 110 Wohneinheiten in Form von Reihenhäusern zu bauen, einschließlich eines Gemeinschaftspools, eines Restaurants und Einzelhandelsflächen. Paradise Island ist strategisch günstig in der Nähe von Hauptverkehrsstraßen und wachsenden Gemeinschaften gelegen, was sie für zukünftiges Wachstum in dem sich schnell entwickelnden Südwest-Florida-Gebiet positioniert.
- Acquisition of a large 165-acre waterfront property
- Strategic location near major highways and growing communities
- Planned development of 110 townhouse units in Phase One
- Potential for long-term growth in a rapidly developing area
- None.
BRADENTON, FL / ACCESSWIRE / October 9, 2024 / Token Communities Group Executed L.O.I. to Acquire Paradise Island in Florida
Paradise Island in Florida
L.O.I. Executed to Acquire Paradise Island
ASC Global Inc. is a wholly-owned subsidiary of Token Communities ( OTC Pink / Stock Symbol:TKCM ) has entered into and executed a L.O.I. ( Letter of Intent ) with American Software Capital today, with the intention to acquire Paradise Island located in Arcadia, Florida.
According to Ms. Xiangru Lin ( A.K.A Ruby Lin ) who is a Director of the Board of ASC Global, " Paradise Island is a 165 acres premium waterfront property located on Peace River in DeSoto County which is about 7 miles away from Charlotte Harbor and Gulf of Mexico. The entire property is consisted of two large islands and a peninsula ( upland ) with road access from Sunnybreeze Road, it is conveniently located between Sarasota County, Charlotte County and DeSoto County, Highway SR-17 is only about 1.2 miles on the east, which it leads to Interstate I-75. The entire project is planned to be developed in three phases, Phase One ( 24 acres ) will be a 110 units of Townhouses development with community pool, restaurant, retail commercial and others.
According to Mr. David Chen who is the President and Chairman of American Software Capital, " Paradise Island is a fine gem in the Southwest Florida, it is right adjacent to the local Paradise Golf Course, Liverpool State Park and among many new developments, such as Southern Sands, Cross Creek and others. Paradise Island ( formerly known as Heather Island ) can be easily accessible from exit 164 and exit 170 of Interstate I-75, and it is just minutes away from Punta Gorda, Port Charlotte, Fort Myers, Cape Coral, Venice, North Port, Sarasota and Naples. As this entire SW Florida area has been growing and booming rapidly, we believe this project will have a very bright future. "
Forward-Looking Statements
Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Contact Information
David Chen
President
davechen.global@gmail.com
+1 0016313971111
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SOURCE: Token Communities Ltd.
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FAQ
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