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SOURCE CD International Enterprises, Inc
DEERFIELD BEACH, Florida, October 29, 2013 /PRNewswire/ --
CD International Enterprises, Inc. ("CD International") (OTCQB: CDII), a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas, and provides business and financial corporate consulting services, today announced that Capital One Resources, Ltd., a Brunei company with operations in Shanghai, China , has entered into an agreement with AEGEA, Inc. ("AEGEA") to provide consulting services in China related to their planned EB-5 funding program for a mega-resort destination and international community in Florida. Capital One Resources is owned and operated by CD International's wholly owned subsidiary CDI Shanghai Management Co. Ltd., a Chinese limited liability company.
China is now the dominant market for EB-5 investors. The number of Chinese EB-5 applicants, which has been growing since 2008, represented over 80 percent of the 2012 applicant pool that generated a reported $1.8 billion in total investment. Additionally, the vast majority of all EB-5 investments come through commercial real estate projects, whether it is a retail, office space or mixed-use projects.
Under the USCIS EB-5 Immigrant Investor Program, certain foreign investors, who can demonstrate that their at-risk investments are creating U.S. jobs, become eligible to apply for conditional lawful permanent residency in the United States. The purpose of the EB-5 program is to help boost the U.S. economy through foreign investment, by creating jobs and providing venture capital. After making the investment, the qualifying investor, their spouse and their unmarried children under the age of 21 years old will receive conditional green cards for two years, at which time the investor and his or her family may be eligible for permanent residency.
The minimum EB-5 qualifying investment is $500,000, provided the project is located in a TEA (Targeted Employment Area), which is a region in the U.S. designed as rural or with high unemployment. It is anticipated that AEGEA will qualify as TEA and the securities offered in this EB-5 Program will not be sold in the U.S. sold pursuant to the exemption from registration under Regulation S.
Commenting on this agreement, Dr. James Wang, CEO of CD International, stated, "We are very excited to work with AEGEA as we expand our China-based consulting efforts in this area. EB-5 projects represent a unique opportunity for our company to leverage our resources and skill set in China to attract outbound investments. Through our infrastructure and extensive network in China, we believe we can provide a gateway for companies seeking to fund opportunities through this program with capital from China. We have been working diligently to lay the groundwork for this new consulting opportunity in recent months and we are excited to begin with AEGEA to build what we see as a very profitable and long-term revenue stream for our consulting business."
"We believe our agreement with Capital One represents a significant step forward in building the foundation for our EB-5 program in China. Capital One and its parent companies have over a decade of experience in the complexities of cross border transactions and an extensive network of contacts in China making them well positioned to help spearhead our efforts in China. The vast majority of EB-5 investors have historically come from China, and I believe this trend will continue. As a public company, and having a broker-dealer as our placement agent, we feel that our project gives Chinese investors an added layer of oversight," stated AEGEA's President and CEO, Keith Duffy.
About CD International Enterprises, Inc.
CD International Enterprises, Inc. (OTCQB: CDII) is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas, and provides business and financial corporate consulting services. Headquartered in Deerfield Beach, Florida, with corporate offices in Shanghai, CD International's unique infrastructure provides a platform to expand business opportunities globally. For more information about CD International, please visit http://www.cdii.net.
AEGEA, Inc. (OTCQB: AEGA) is developing a spectacular experience for guests and an idyllic lifestyle for residents by blending world-class entertainment with culture and timeless architecture, introducing its Entertainment Living™ brand. The company is committed to building a sustainable and environmentally conscious community. AEGEA's mission is to pursue innovation, increase shareholder value, and strive to better the lives of its visitors and residents. AEGEA's plans include luxury hotels, residences, restaurants, cultural experiences, an Olympic-style sports complex, themed attractions, an equestrian village, vast blue water lagoons and waterways, and authentic, timeless architecture selected from around the world. While similar in some respects to other large-scale, multi-purpose destination properties, AEGEA's design will be unique in that the sprawling complex will include a mix of residences and hospitality, entertainment and culture inspired by an advanced civilization dating back 4,000 years. Located within the state of Florida, AEGEA enjoys the distinct advantage of a massive nearby resident and visitor population base from which to draw attendance and ownership. For more information about AEGEA, please visit http://www.aegea.com.
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, CD International Enterprises, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2012.
CD International Enterprises, Inc.
Phone: +1-954-363-7333 Ext. 316
©2012 PR Newswire. All Rights Reserved.
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