NORTH PALM BEACH, FL--(Marketwired - Oct 29, 2013) - AEGEA (OTCBB: AEGA) ("AEGEA"), a planned mega-resort destination and international community in Florida, announced today that it has entered into an agreement with Capital One Resources, Ltd. ("Capital One"), the EB-5 consulting division of CDI Shanghai Management Co. Ltd., a Chinese limited liability company that is a subsidiary of CD International Enterprises, Inc. ("CD International"). Capital One has experience with the United States Citizenship and Immigration Services ("USCIS") EB-5 Visa Program and has sources for potential investors in China, who will be non-U.S. residents as defined by the Regulation S offering exemption. Under the consulting agreement, Capital One will use its best efforts to introduce investors to AEGEA and assist them in qualifying, preparing, completing and filing their USCIS EB-5 application petitions. For these services, Capital One will be compensated through marketing fees.
The EB-5 Immigrant Investor Program, which has been in existence since 1990, has become increasingly popular as a source of venture capital for U.S. enterprises over the past few years. Under the program qualifying foreign nationals can receive a green card with a minimum investment of $500,000 if they are able to prove that their at-risk money has created at least 10 jobs for U.S. citizens. The purpose of the EB-5 Program is to help stimulate foreign investment in the U.S., with the goal of boosting the economy and creating jobs. The minimum EB-5 qualifying investment in AEGEA will be $500,000, due to the fact that the project will be located in a TEA (Targeted Employment Area), which is a region in the U.S. designed as rural or with high unemployment. AEGEA will not offer or sell EB-5 investments in the U.S.
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. For Fiscal Year 2011, The USCIS reported that China accounted for 73% of the total EB-5 visas issued. The massive influx over the past several years of Chinese EB-5 investment into the U.S. is one of the reasons why Washington, D.C. opened a Shanghai representative office in 2012. According to the Heritage Foundation's January 2013 China Global Investment Tracker report, China invested a record $54.2 billion in the U.S. in 2012.
Commenting on the agreement with AEGEA, 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 there. The vast majority of EB-5 investors have historically come from China, and I believe this trend will continue. 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.
ABOUT AEGEA
AEGEA, Inc. 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 LivingTM brand. AEGEA 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.
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, AEGEA, 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. These statements include, but are not limited to, our expectations concerning our ability to attract investors who qualify under the EB-5 program.
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.