Contract Land Deal

News Release

 

UMAX has entered into a real estate agreement to develop 10 custom green homes (See Attachment File) in the Las Vegas Valley.  The company has 30 days to secure funding and purchase said land option. UMAX  is seeking to raise $2,000,000 initial capital, as a partnership or debt investment towards the company (Terms TBD) the initial funds needed are $600,000 to secure land and $600,000 to do tenant improvements (road and utilities), as well as construction of one model home for viewing as pre sales begin.

Upon the complete sales of the home the company could make a profit of above 1.2 Million USD. The market values continues to increase and a shortage of homes in the Las Vegas market, UMAX feels this is an ideal time to enter the market with green sustainable homes, with the intention of building them with to near Net Zero Energy use, utilizing solar panels build into the build cost.

Forward Looking Statements

 

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