SUN VALLEY, Calif., March 11, 2013 /PRNewswire/ -- MultiCorp
International, Inc, (OTC Pink: MCIC) has received an official
appraisal on the Dawson Creek
property currently in the final stages of escrow of $10.7 million current market value as farmland
with a $24 Million dollar comparative
value once the property has the roads and servicing in place.
The company released the following statement, "MultiCorp
International, Inc received a valuation of $10.7 Million for the property, (currently zoned
for farmland) with a comparative valuation of approximately
$24 Million once the roads and
services are factored in and the property is rezoned for
Commercial/Light Industrial. Our preliminary plans for the
development of the property have been well received and pending our
final approval from the city and highway commission, we expect to
be able to close on the property and begin construction on the
property in 60-75 days, weather permitting. Once the hotel and
other businesses MultiCorp develops are in full operation by the
end of 2013, yearly gross revenues are expected to exceed
$40 million plus per year", stated
Mr. Paul D. Lisenby, CEO of
MultiCorp International, Inc. "A key component to our planning
phase has been to work closely with our new investment partner,
Future Energy, LLC to create several renewable energy components to
the property. The company plans to dedicate 15 acres of land to be
used for a solar/wind farm that will be able to generate in excess
of 3 megawatts of power. In addition, the current plans call for
adding solar and wind components to all of the buildings in order
to lower the carbon footprint of our development in Dawson Creek and deliver sufficient power to
the businesses anticipated for the property."
Jason Sabol, President of Future
Energy, LLC, stated, "Our investment into MultiCorp is already
paying dividends to the company. The solar/wind farm on the truck
stop property allows us an entrée into the Canada renewable energy sector. The
Dawson Creek project alone will
cover our investment into MultiCorp and with the other projects
MultiCorp has slated for Canada
and other parts of the world, we're extremely confident our
business will grow substantially over the next five to ten
years."
About MultiCorp International, Inc.
MultiCorp International, Inc is a diverse company that operates
in various business sectors that show true growth potential. The
company builds on its executives experience in property
development, constructions, medical, hospitality, agribusiness,
commodities such as oil and gas, and entertainment. MultiCorp
currently has several wholly owned subsidiaries such as Rivalz
Sports Group, Inc which operates 810 AM WRSO Sports Radio in
Orlando, FL www.810wrso.com and
JoyFull Genius, Inc., www.joyfullgenius.com. The company is
currently developing a 157 acre project in Dawson Creek, BC, Canada that will include a full service truck
stop, hotel, motels, restaurants, and light industrial and
commercial businesses. The company looks to expand through
acquisitions of solid business models and management that have the
potential to grow exponentially. The company will have additional
subsidiaries that will eventually grow into being their own public
entity, be sold, or continue to operate within MultiCorp. For
further information please contact them at
info@multicorpinternational.com
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
CONTACT
MultiCorp International, Inc.
www.multicorpinternational.com
Contact Info
info@multicorpinternational.com
SOURCE MultiCorp International, Inc.