WhereDaily News: AEGEA Signs Agreement With South Asia Group for EB-5 Funding Commitment
NORTH PALM BEACH, FL--(Marketwired - Oct 14, 2013) - AEGEA (OTCBB: AEGA) ("AEGEA" or the "Company"), a planned mega-resort destination and international community in Florida, announced today that in furtherance of its EB-5 foreign investment program it has signed an agreement with a South Asia group, ADN Consulting, Inc. ("ADN") which represents potential EB-5 investors residing throughout southern Asia. ADN expects to close on funding commitments for $6 million from its first wave of EB-5 investors over the next 60 days. Thereafter, ADN expects to close on funding commitments from EB-5 investors during the coming months. Under this agreement, ADN will use its best efforts to introduce investors to AEGEA and coordinate with their U.S. Immigration counsel's efforts to qualify, prepare and file USCIS (United States Citizenship and Immigration Services) EB-5 application petitions associated with their investments. AEGEA will support the efforts of its prospective EB-5 investors by supplying documentation and information on AEGEA's planned resort project, including marketing and promotional materials. Part of AEGEA's financing strategy is obtaining foreign investment through the USCIS EB-5 Immigrant Investor Program.
