Infrastructure Developments Corp. Issues Corporate and Shareholder Update
Thursday, 28 May, 2015
SALT LAKE CITY, UT / ACCESSWIRE / May 27, 2015 / Infrastructure Developments Corp. (IDVC) (the "Company") wishes to update shareholders on current activities. The Company has been shortlisted as a bidder to provide marketing and project management for a $21 million vacation village residential project in Jomtien, Thailand. The Company's ownership of Orbis Real Estate in Dubai - where many buyers of Thailand properties reside - combined with its construction experience in Thailand makes it highly qualified to manage the project. The Company is waiting on confirmation that funding is in place for the project before making its final bid.
The Company has also entered into preliminary memorandums of understanding with manufacturers in Canada and China to distribute high efficiency power generation units and solar power systems in India, Libya, Cambodia, and the Philippines. The Company has researched the markets and suppliers for the past six months and is confident that there is potential profit in this industry.
"Solar power and other high efficiency power generation is not a fad," commented IDVC CEO Eric Montandon. "Installation of alternative power sources is growing rapidly amongst residential, commercial and industrial users. The return on investment for solar systems has always been attractive, but the falling cost of installation in recent years makes it almost impossible to resist. Especially in countries with ever rising power generation and distribution rates."
The Company is also continuing its program to deliver Wing Houses to its U.S. distributor for display and promotion. The first unit is set to arrive in Texas in June 2015. There has been significant interest from the U.S. market and many potential buyers are waiting to inspect the unit before placing orders.
The Company has been in talks for most of 2015 with the owner of an online webcasting system for live bidding at physical auctions. A joint venture is being negotiated whereby the Company would undertake marketing and customer interface control of the system in return for a share of the buyer's premiums generated from online sales. A joint venture deal is expected to be concluded in June of this year.
The Company has the ability to obtain capital from affiliates to pursue these projects without significant dilution of shareholders. More details will be disclosed as contracts are finalized in the near future.
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the Company's development, competitive market conditions, and its prospects for securing additional sources of financing as required. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-Q and Form 10-K. The Company's public filings may be viewed at www.sec.gov.
Eric Montandon - CEO
Infrastructure Developments Corp., Inc.
+971 50 553 2590