SVR has this week closed contracts for the sale of a further USD$10M worth of property. The current value of portfolio sales for SVR is now in excess of USD$110M. For the months December 2009 to January 2010, SVR reported pending sales of USD$5.6M.
Thomas Kelly said,” this is an exceptional result and financial position for Sky to be reporting. To be generating this level of interest and revenue at such an early stage is highly commendable and encouraging. We can only imagine the results when the new Skyvillas web site goes live which I am expecting any day now. Once that becomes active, and the awareness program begins, I can see Joel accelerating our expansion plans. 8000inc, and myself personally, are extremely impressed and proud with what is happening with Skyvillas”.
Joel Parris, Managing Director SVR stated “last month we expected USD$500M of listings by the end of the year, which now looks conservative!
For more information please visit:
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www.skyvillasrealty.com
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-ENDS-
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour"



