FAR HILLS, N.J., Dec. 21, 2017 (GLOBE NEWSWIRE) -- Mango Capital, Inc. (OTC:MCAP) today announces the purchase of an additional 39 properties in Arizona, once again diversifying its land holdings and further growing Mango’s balance sheet and real estate portfolio. Consideration for the purchase consists exclusively of MCAP shares.
"We continue to add real property to Mango's balance sheet on very favorable terms for our shareholders. In time, the market will realize the value we are creating. We look at MCAP ownership as a great way to add a diversity of land as an asset class to one's portfolio without the need for individual property analysis," stated Mango President, Rick Makoujy.
Mango will be selectively selling some of its properties in an online auction, “Celebrate the New Year with New Land!” ending December 27, 2017 at noon EST. The auction is accessible at the following link:
About Mango Capital, Inc.
Mango Capital Inc. is a real estate holding company specializing in acquiring undervalued American land and complimentary operating businesses in promising markets. MCAP recently completed the acquisition of more than 600 real estate properties in Colorado, Arkansas, Arizona, Texas and New Mexico. With a motivated team, Mango will seize the opportunity to efficiently grow Mango into a major domestic land owner. Mango plans to continue to acquire promising real property efficiently utilizing company shares as currency and intends to opportunistically sell properties for cash and/or notes.
For additional information about Mango, contact Amanda Kosowski, Public Relations, Mango Capital, Inc., at (856) 803-6512.
Please visit our website http://mangocapitalinc.com/
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.
Source:Mango Capital, Inc.