Sino Cement, Inc. Announces Agreement To Acquire Interest In Costa Rica Online Gaming Company & Hotel/Casino Operations
April 29 2013 - 1:51PM
Marketwired
Sino Cement, Inc., (OTC PINK:OCEE) Mr. Marco Garduno, Director, is
pleased to announce that the company has executed a Letter of
Intent to purchase 70% of a Costa Rica company whose business is
the acquisition of Resorts, Hotels and Casinos in connection with
its International Online Gaming operations headquartered in Central
America (www.macaulivegaming.com.)
Macau Live Gaming, S.A., ("Macau"), San Jose, Costa Rica, is
engaged in providing internet casino services exclusively to
non-Americans in Asia, the Pacific Rim, India, Philippines,
Australia, Latin America and Europe. In connection with its
business, Macau is negotiating for the acquisition of a Five Star
Resort in Costa Rica, on five acres of prime suburban property
which is intended to be the designated host site of International
Poker and Black Jack Tournaments. In addition to its restaurant and
bar, a Spa is located on the premises, serving an international
clientele. Macau is also in advanced negotiations to acquire
additional Costa Rica Hotels and Casinos, and has a strategic plan
to market Online Gaming products and services to Flag Based
International Hotels.
The President of Macau, Jenny Sheleby Sanchez, of Costa Rica,
commented: "Our company is pleased to have entered into the Letter
of Intent Agreement with such a respected company as Sino Cement,
Inc., which is already in the business of acquiring real estate
properties, and this proposed acquisition is anticipated to bring
new revenue streams and geographical diversity to them as well."
Macau has recruited prominent international financial, gaming and
online professionals on its Board.
The Letter of Intent anticipates the purchase of 70% of Macau
Live Gaming in exchange for $ 6,000,000 in convertible preferred
shares of OCEE. The parties are working closely together to
complete the due diligence process and finalize terms in order to
consummate a Definitive Purchase Agreement. Shareholders will be
kept advised on the progress.
FORWARD LOOKING STATEMENTS DISCLAIMER: Certain statements in
this document may contain "forward-looking statements" or
"forward-looking information" within the meaning of applicable
securities legislation. Such forward-looking statements or
information include, without limitation, forecasts, estimates,
expectations and objectives for future operations that are subject
to a number of assumptions, risks and uncertainties, many of which
are beyond the control of the Company. The Company does not assume
the obligation to update any forward-looking statement, except as
required by applicable law.
For more information please contact:
macaulivegaming@gmail.com
Contacts: Sino Cement, Inc.info@sino-inc.com
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