METROSPACES ANNOUNCES RECORD HARVEST, REVENUE AND OPERATING 1st QUATER INCOME FOR ITS IKAL LODGE AND WINERY PROJECT

MIAMI, FL -- May 26^th, 2015 -- InvestorsHub NewsWire -- Metrospaces, Inc. (OTC: MSPC) announces that Ikal Lodge and Winery had a record harvest generating revenue of $245,860 and operating income of $193,265
 

 Mr. Silva, Metrospaces CEO stated: “This year’s harvest (grape harvest is done once a year) represents an increase from 361,000 Kgs to 487.000 Kgs. in harvested wholesale wine grapes, representing an increase in total weight volume of approximately 33%.  This yielded $245,860 in revenue and $193,265 in operating income for the first quarter of 2015.  Aside from grape set aside for our own production, all our sales went to Pernord-Ricard” and “Los Haroldos”.  On a consolidated basis, this is Metrospaces’ first quarter with revenue and operating income.  All of consolidated revenue was generated from the Ikal Lodge and Winery acquisition.  On a net income basis, however, the company had net non-cash charges of approximately $1.6M due to financing, thus bringing total loss to approx. $1.4M

 

See:
 
www.ikal1150.com
 
 
For a link to the “IKAL LODGE AND WINERY” project:
 
https://db.tt/Rhwoq8SV
 
For a link to our 3 hotel projects currently underway:
 
https://db.tt/lXwggoal
 
https://db.tt/MnqmxbTy
 
https://db.tt/StIPXi3H

 
 
 
 About Metrospaces
 
Metrospaces www.metrospaces.net  is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company’s current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela.   It is operated by an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both  in the America’s and across Europe valued in excess of US $450Million.
 
Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
 
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospaces shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both  in the America’s and across Europe valued in excess of US $450Million.
 
Metrospaces’ majority shareholders has partnered with Investors on Elite properties including The London  BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.
 
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
 
Metrospaces was originally founded by company CF Oscar Brito, and co-founded by Daniel Silva.
 
About Ikal Lodge and Winery:
 
Ikal Lodge and Winery is a 75 hectare wine-based vacation home/hospitality real estate project.  The architectural project consists of a 25-master suite luxury hotel, a winery and 29 luxury villas that will be sold under fractional ownership.  Ikal currently sells its award-winning wines in Spain, Mexico and the US.  See: www.ikal1150.com . 
 
Relevant Links:
http://metrospaces.net/
 
Safe Harbor Statement:
Statements in this news release may be “forward-looking statements”.  Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
 
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