ValueRich Signs Joint Venture with Neandross Development to Build 65 Homes

JUNO BEACH, Fla., Oct. 20, 2014 /PRNewswire/ -- ValueRich, Inc. (Symbol: VRCH) ValueRich owns and operates real estate assets in Florida, including two communities named Ravello and Visconti.  The communities are comprised of 440 build-ready lots located in Port St. Lucie, Florida.

VR Preserve Development Group, LLC (the "Company"), a subsidiary of ValueRich, Inc., signed a Joint Venture Agreement with Neandross Development Group, LLC ("Neandross") to build 65 single-family homes on the 65 Visconti lots owned by the Company. The development will be named Visconti and the size of the homes will range from 2500-4000 square feet. The architecture will resemble homes from the West Indies, Bahamas and Spain. The homes will be constructed of steel reinforced concrete block and covered with stucco for long lasting durability.

The Joint Venture is predicated on the Company selling lots and Neandross building the homes. The Company will be selling its lots at pre-set prices ranging from $40,000 per lot for interior lots to over $85,000 for exterior, larger lots. The Joint Venture also calls for a 50/50 split of the profits between the Company and Neandross after construction costs.

Bruce Neandross, the CEO of Neandross, has been a builder and developer for over thirty-five years.  His career began after studying Business/Economics and Architecture at the University of Arizona. In Bruce's own words, "My true education took place with hands on experience as a construction superintendent, contractor and general partner in more than fifteen successful residential and commercial developments. My love of architecture and my passion for construction innovation drove me to build more than 250 grand estate homes."  The Company and Neandross believe the 65 homes can be constructed and sold within the three-year period set forth in the Joint Venture. Neandross has purchased and closed on the first two lots from the Company and has begun construction on two homes.

Forward-Looking Statements: The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

Visit the company at www.viavisconti.com

Joseph Visconti

561-714-7873

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SOURCE ValueRich

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