QUEBEC CITY, Oct. 10, 2013 (GLOBE NEWSWIRE) -- Conex MD, Inc. ("CXMD or the "Company") (OTCBB:CXMD) announced today that it has appointed two new members to its Board of Directors and has filed to change its name to ROI Land Investments, Ltd.
On September 17, 2013, Dr. Jacob Bar Ilan and Dr. Ely Steinberg resigned their official positions as Directors of the Company. On the same day, the shareholders of the Company elected Patrick Bragoli as President, CEO & Director of the Company and Sebastian Cliche as Director and Vice President of Operations. Mr. Bragoli will be leading the Company in its new business direction of Land Acquisition and Development.
Patrick Bragoli, President & CEO is an experienced real estate developer. Mr. Bragoli is the founder and Director of Sojo Inc., an investment company active in land development. He is also an equity partner in Terrain Dev Inc., a land development company that has developed more than 500 lots and is a General Partner in Azur & Capital Real Estate Fund, a private real estate fund focused on real estate bridge financing.
Sebastian Cliche, VP of Operations is a dynamic and renowned real estate developer who over the past decade has executed the development of more than 500 commercial and residential properties. He is also a General Partner with Mr. Bragoli in Azur & Capital Real Estate Fund.
The Company's new CEO, Mr. Bragoli, stated "We are delighted by the opportunity granted by the shareholders to undertake this new corporate strategy. Mr. Cliche, our VP of Operations, and I have many years of experience and resources in all aspects of land development and have jointly developed many commercial and residential properties. We are currently evaluating several acquisition targets as well as currently evaluating several other potential Directors to join our Board and key management personal. The Company's model is to acquire attractive land developments opportunities that are under the radar and are free of zoning restrictions; to bring these properties to commercialization/construction ready status; and ultimately profit from the sale of the subdivided land units to large developers, thus increasing shareholder value and liquidity."
The Company has submitted its completed application to the Financial Industry Regulatory Authority ("FINRA") for this corporate action, which shall change both the name and the ticker symbol of the company on the public markets.
The Company also announced the launch of its new website. The new website, available at www.roilandinvestments.com, will provide a resource for more robust information about the Company and feature a user friendly lay out, corporate, operational and investor information and the organization's new contact information.
About Conex MD, Inc. (To be known as ROI Land Investments, Ltd).
ROI Land Investments, Ltd. ("ROI") is a real estate investment company specializing in land development. ROI's business model consists of acquiring attractive land developments free of zoning restrictions, obtaining the necessary development permits, outsourcing the development of the infrastructure and profiting from the sale of the subdivided land units to known large regional developers.
This press release may contain forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of and demand for our products; future industry market conditions; future acquisitions, financing, changes in operations; future operating and overhead costs; recapitalization and balance sheet restructuring activities (including debt-for-equity exchanges, land transactions, capital raising and other activities); operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing of restructuring charges and the impact thereof; productivity, business process, rationalization, restructuring, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.
The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our SEC filings and the following: the current global economic downturn and capital market weakness; the speculative nature of land development, obtain necessary financing or refinancing or restructure indebtedness or our debt service obligations on acceptable terms or at all; potential dilution to our stockholders from our recapitalization and balance sheet restructuring activities; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to or pursued by us; changes in the United States or other monetary or fiscal policies or regulations in response to the recent capital markets and economic crises; changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.
For more information please visit our website: www.roilandinvestments.com or
|Philippe Germain, VP of Investor Relations|
|T: +1 (514) 667 9470|
|M: +1 (418) 264 7134|
Source:ROI Land Investments, Ltd.