Grand Lux Inc. to Establish South American Office
ORLANDO, FL -- 03/14/2005 -- Grand Lux Inc.(OTC: GRDX) today announced that it is in the process of establishing a South American office. Specifically, the company will be setting up an office in Uruguay. The new Uruguay office will act as the company’s South American presence and will handle all of Grand Lux’s projects for that region.
Grand Lux believes that Uruguay is the ideal location for both a South American office and for potential development, due to its relative governmental stability, advanced level of economic development, and social peace. Although Uruguay is South America’s second smallest country, it draws more visitors per capita than any other South American state and is often called the Switzerland of South America.
About Grand Lux Inc.
Grand Lux, Inc. is a company that focuses on upscale real estate development around the world. The company’s emphasis is on building marinas for large yachts, being 160 feet and above, and developing and pre-selling real estate, whether condos or villas, to the yacht owners. The benefits of the company’s offerings are numerous. The company sees the industry as recession-proof, and many yacht owners have already expressed a strong interest in purchasing berths in the marinas. Thus, appropriate real estate will be developed to meet their needs.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company’s actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company’s products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
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- Grand Lux Inc.
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