NEWS ARCHIVE - 2006
Edgeworth Properties Inc. Acquires Property in Redwater Alberta
Toronto – November 23, 2006
All the conditions found in the Agreements of Purchase and Sale for the 47 acre property in Redwater, Alberta (now known as Heartland Ridge) have been met and title has passed to subsidiaries of Edgeworth Ventures Inc.
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Edgeworth Ventures Inc. Obtains Financing
Toronto – October 4, 2006
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce that Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc., has secured a loan facility from a syndicate Canadian based lenders. The facility has been advanced to Edgeworth Properties Inc. and will be used primarily to assist in acquisitions of property in the Province of Alberta.
“We are excited to secure a loan with local lenders. The proceeds of the loan will be used to execute our continuing strategy to acquire strategic real estate assets in appreciating markets.” - said C. Vaughan Minor FCA, President of Edgeworth Properties Inc. and Chief Financial Officer of Edgeworth Ventures Inc.
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Edgeworth Ventures Inc. Appoints Patrick Oliver-Kelley as Executive Vice-President
Toronto – July 17, 2006
Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the appointment of Patrick Oliver-Kelley as Executive Vice-President in addition to his current duties as Director of the company.
Mr. Oliver-Kelley will continue as an advisor of the company as well as assuming greater day-to-day responsibilities over the strategic direction and execution of the company. In particular, Mr. Oliver-Kelley will act as a chief liaison between the company’s Asian and North American operations to help foster continuing relationships between the two markets.
“Patrick has preformed above and beyond in his capacity as a director and we are extremely pleased that he will continue to provide his clarity of vision, passion and commitment to the company as Executive Vice-President.” - comments Donald G. Hurst, chairman of the Board of Edgeworth Ventures Inc.
Mr. Oliver Kelley remarks: “Edgeworth represents a rare opportunity as a real estate investor, a real estate developer and as a publicly quoted company. I look forward to sharing my efforts to the benefit of Edgeworth Properties, Edgeworth employees and Edgeworth fellow shareholders.”
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Edgeworth Ventures Inc. Acquires 47 Acres of Land in the Town of Redwater
Alberta
Toronto – July 14, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 47 acres of land within the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all the conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to subdivide and service the land into over 200 residential lots for sale and/or development.
“We are excited to announce this latest acquisition which launches our ‘lot program.’ We believe that the Town of Redwater is a strategic growth centre in oil-rich Alberta and Edgeworth is uniquely positioned to be a part of, and assist in, the expansion of this region” said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. “Along with the other strategic acquisitions we have recently made, the company has a stable of quality real estate assets at the right time and at the right place.”
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Acquisition of a further 160 acres of land adjacent to the Town of Redwater
Alberta
Toronto - June 30, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 160 acres of land adjacent to the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to sell such lands as undivided land interests in the Asia-Pacific market.
The approximately 160 acres of land is in addition to the 150 acres of land Edgeworth Properties Inc. acquired earlier this week in the same region of Alberta.
"The acquisition of over 300 acres of land in the Redwater area continues our strategy to acquire and develop property in appreciating locales" - said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. "Our recent activity reinforces our commitment to be the leading real estate development company in North America and to act as a land bridge between the North American and Asian markets."
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Acquisition of 150 acres of land adjacent to the Town of Redwater Alberta
Toronto – June 26, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of approximately 150 acres of land adjacent to the Town of Redwater, Alberta, approximately 45 minutes north-east of the City of Edmonton. Subject to the approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance, Edgeworth Properties Inc. intends to sell such lands as undivided land interests in the Asia-Pacific market.
“Along with our recent acquisitions in Fort McMurray , this latest acquisition demonstrates Edgeworth’s commitment to be a leader in the real estate development industry in Alberta.” - said Donald G. Hurst, Chairman of the Board and President of Edgeworth Ventures Inc.
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Edgeworth Group of Companies Announces Acquisition of Fort McMurray Development
Toronto - June 7, 2006
Edgeworth Properties Inc., a wholly owned subsidiary of Edgeworth Ventures Inc. (Pink Sheets: EGWV), is pleased to announce the acquisition of three lots in Fort McMurray, Alberta, Canada, municipally described as Plan 616AO, Block 15, Lot 14, 15 and 16 ( the "Fort McMurray Property"). Subject to approval of all conditions in the Agreement of Purchase and Sale and regulatory compliance. Edgeworth Properties Inc. intends to develop the Fort McMurray Property into primarily residential uses / condominium development.
"We are pleased with the aquisition of the Fort McMurray property," - comments Donald G.Hurst, Chairman of the Board and President of Edgeworth Ventures Inc. "This acquisition is consistent with our company's strategy to maximize shareholder value through the timely acquisition, development and sale of property in appreciating locations such as Fort McMurray."
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Edgeworth Ventures Inc. announced today that its wholly owned subsidiary,
Edgeworth Properties Inc. has appointed Mr. Vincent Lee as Vice President,
International Marketing - Asia Pacific.
Toronto - May 15, 2006
"Vincent Lee is a superb choice for the role of Vice President, International Marketing - Asia Pacific" - said Donald G. Hurst, President and CEO. "He joins the Edgeworth group of companies having had a long and distinguished career in the legal profession, real estate financing and sales in the Asian market. His appointment adds depth to our experience, expands our sales channels in the Asian market and reinforces our commitment to the execution of our strategic initiatives."
Mr. Lee received his B.A. (Hons) in Political Science and his M.A. in Political Science (International Relations) from York University, Toronto. He also received his LL.B. form the University of New South Wales, Sydney, Australia; Followed shortly thereafter by attending Osgoode Hall Law School, York University. Mr. Lee was called to the Ontario Bar in 1985 and is currently a member in good standing of the Law society of Upper Canada and a member of the Canadian Bar Association.
After practising at Lang Michener Lash Johnston, a 200 lawyer firm in Toronto, Mr. Lee joined Castle Point Development Corp. as it’s Vice President and General Council. In 1989 Castle Point was involved with the development of the $160 million, 504 luxury condo complex on the waterfront in Toronto known as “Palace Place”. After leaving Castle Point, Mr. Lee became involved in syndicating funds from Asia Pacific to finance a number of real estate development projects in the Toronto area.
Vincent joins the existing senior management of the Edgeworth group of companies which includes:
Donald G. Hurst - President and Chairman to the Board:
Prior to joining Edgeworth Ventures Inc., Mr. Hurst worked in various industry segments including manufacturing, automotive, food and beverage, export and commercial/industrial real estate development.
Mr. Hurst held the position of Vice President and Managing partner of Henley Automotive Group. He financed and built manufacturing plants in Europe, the United States and Western Canada for Richardson Foods Ltd. in his role as Senior Vice President of Operations.
Earlier positions held by Mr. Hurst were Vice President of Operations for Scholars Choice Ltd., Operations Manager for Jordan Wines Ltd. and QA Manager for Kelsey Hayes Canada.
Patrick Oliver-Kelley - Director and Strategic Advisor:
Mr. Oliver-Kelley is an entrepreneur; an inspiring leader and strategic planner. Being voted 2003 and 2006 Businessman of the Year for the State of New York as well as being a financial advisor to Mr. J. Paul Getty, speaks volumes about Mr. Oliver-Kelley’s experience and integrity.
Mr. Oliver-Kelley has incredible experience with high profile real estate financing. He financed the building of Calgary, Alberta’s first skyscraper as well as a 150 unit, luxury residential community in San Jose, Costa Rica. Mr. Oliver-Kelley was responsible for raising $50 million to construct a luxury hotel in Chicago, Illinois; arranged financing for a business tower in Dubai and has found buyers for numerous luxury hotels around the world.
Mr. Oliver-Kelley is a member in good standing with the Fellowship of the Royal Society of Arts, Industry, and Commerce (FRSA).
C. Vaughan Minor, FCA - Chief Financial Officer and Director:
Mr. Minor brings twenty-five years of public practice experience to his position of President and CFO to Edgeworth Properties Inc. Mr. Minor served nine years as an elected member of City Council in London, Ontario, including three years on the city’s Board of Control.
He is a former member of the Board of Directors for the Finance and Audit Committee for the Alcohol and Gaming Commission of Ontario. He is also a member of and elected to the Council of the Institute of Chartered Accountants of Ontario.
Mr. Minor’s background also includes work as a financier for one of London, Ontario’s largest development firms which built over 5000 units within the city. Mr. Minor received his B.Comm (Hons) degree from the University of Windsor.
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LEGAL DISCLAIMER:
These press releases contain statements which may be deemed to be forward-looking statements under certain securities laws, including the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities legislation, and Edgeworth Ventures Inc., and its affiliates and subsidiaries intend that such forward-looking statements be subject to the safe-harbour created thereby. The words “may,” “could,” “should,” “would,” “suspect,” “outlook,” “believe,” “plan,” “anticipate,” “estimate,” “expect,” “intend,” “forecast,” “objective” and words and expressions of similar import are intended to identify forward-looking statements.
By their very nature, forward-looking statements involve numerous assumptions, and inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause our actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to the possibility that any and all projections as to financial return of products or securities are not met due to market forces and/or regulatory changes. The company undertakes no obligation to publicly update or revise any forward looking statement or information, whether as a result of new information, future events or otherwise.
