FAR HILLS, N.J., June 15, 2016 (GLOBE NEWSWIRE) — Mango Capital, Inc. (OTC:MCAP) today announces the execution of an agreement to purchase an additional 125 properties. Consideration for the purchase consists exclusively of MCAP shares. The transactions are expected to be consummated within thirty days, further growing Mango’s balance sheet and real estate portfolio.
The properties being acquired are located in Arkansas and Texas. Many of the Texas parcels are in an exclusive development called Horseshoe Bay near Lake LBJ outside of Austin.
Located on beautiful, constant-level Lake LBJ in the heart of the Texas Hill Country, Horseshoe Bay has it all. Unrivaled real estate, spectacular water sports, breathtaking scenery and some of the best golf on the planet, making Horseshoe Bay undoubtedly one of the best places in the world to live.
The gorgeous Arkansas land is located in Benton County. Benton County is in the Northwest section of Arkansas, bordering both Oklahoma and Missouri. It is the second most populated county in Arkansas.
“This acquisition furthers our business plan of growing our business via acquisition using restricted shares in Mango as currency. We have some additional interesting opportunities in the pipeline as well, and are aggressively seeking more purchases to grow our balance sheet and to take Mango mainstream,” stated Mango President Rick Makoujy.
About Mango Capital, Inc.
Mango Capital Inc. is a real estate holding company specializing in acquiring undervalued American land and complimentary operating businesses in promising markets. MCAP recently completed the acquisition of more than 400 real estate properties in Colorado, Arizona, Texas and New Mexico. With a motivated team, Mango will seize the opportunity to efficiently grow Mango into a major domestic land owner. Mango plans to acquire promising real property efficiently utilizing company shares as currency and intends to opportunistically sell properties for cash and/or notes.
For additional information about Mango, contact Jacqueline Palumbo, Communications Director, Mango Capital, Inc., at (845) 270-5792 or Rick@MangoCapitalInc.com.
Please visit our website http://mangocapitalinc.com/
This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.
Company Investor Relations
Stuart T. Smith