Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, January 10, 2012
Mon, January 9, 2012 
January 09, 2012 18:42 ET
360 VOX Announces Opening of Edenarc 1800
TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - 360 VOX Corporation ("360 VOX") (TSX VENTURE:VOX) is pleased to announce the delivery of the first phase of its Edenarc 1800 project, a high-end international resort destination in the French Alps.
With its exceptional location in the heart of the Paradiski area, situated at the crossroads of Europe's most picturesque ski areas amid altitudes between 1,200 and 3,250 metres facing Mont Blanc, Edenarc 1800 is a spectacular destination for both summer and winter seasons. Phase I of this luxury residence, "Les Souverains," consists of 63 apartments offering 4 star services and amenities including an 800 square metre aqua-relaxation area, an 18-hole golf course, underground car park, and ski-in/ski-out access.
Phase I is 95% sold-out and Phase II, launched last month, is currently 25% sold. Phase II will comprise an additional 68 units and is scheduled for delivery in late 2012. Overall, Edenarc 1800 is planned for approximately 325 units in total.
360 VOX holds a 36% net interest in Sotarbat 360, which is developing and managing Edenarc 1800. In addition, Edenarc 1800 has engaged Sotheby's International Realty and 360 BLU, a joint venture between Sotheby's International Realty Canada and 360 VOX, to be the exclusive sales and marketing agent for the project. Odalys-Vacances, one of the three top operators of tourism residences in France, will manage Edenarc 1800's operations.
On Behalf of the Board of Directors
Robin Conners, President and CEO
About 360 VOX Corporation
360 VOX Corporation (or the Company) is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol "VOX". The Company is engaged in the business of developing international hotel, resort, residential and commercial properties through its wholly-owned subsidiary, 360 VOX Inc., and in Cuba through its wholly owned subsidiary, Wilton Properties Ltd., in joint venture with Grupo Hotelero Gran Caribe S.A., an agency of the Cuban government.
For further information on the Company please visit our website at [ www.360vox.com ]. The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website ([ www.sedar.com ]).
This news release may contain forward-looking statements and information within the meaning of applicable securities legislation. These statements reflect management's current expectations, estimates, projections, beliefs and assumptions that were made using information currently available to management. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "forecast", "outlook", "potential", "continue", "should", "likely" or the negative of these terms or other comparable terminology. In particular, forward-looking statements include statements regarding the development of future phases are based on assumptions that management believe are reasonable. These statements are not guarantees of future results and are subject to numerous risks and uncertainties, including the Company's decision on whether to proceed with the projects; and the availability of capital to finance growth of the projects; adverse factors generally encountered in the resort industry; the risks associated with world events, including war, terrorism, international conflicts, natural disasters and extreme weather conditions; general economic conditions, supply and demand changes for resort properties; competitive conditions in the resort industry; changes to permitting and entitlements; changes to the resort industry and government regulation and currency fluctuations. Although management believes that the anticipated future results, performance or achievements expressed or implied by the forward looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.
