Business Brief

We are still pursuing the original $2.5 million funding, but more doubtful about a successful outcome. We are also now pursuing a totally different funding directly to the project Cielo Mar, which is more tangible and easier to understand for a financier. We have been working actively with an overseas group for over a month, for a loan financing of $10 to $15 million.


This Company Blog post might contain information, which may constitute ‘forward-looking statements’ within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.

Any forward-looking information provided in this post should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained above.