Kyushu, Japan--(Newsfile Corp. - September 28, 2017) - San Lotus Holding Inc. (OTC Pink: SLOT) (the "Company" or "we"), today announced followings:
During the second quarter in 2017, our subsidiary, San Lotus Holding Inc. (BVI) acquired 1,222.49 Area/㎡Land in Yufuin City, Oita Prefecture, Kyushu, Japan. We have started to plan the development on the property above for the purposes of international tourism and real estate development. As one of our holding structures for future overseas development, San Lotus Holding Inc. (BVI) has proprietary research knowledge on tourism development in Japan. The said proprietary knowledge includes, but is not limited to, historical research; economic statistics report; geographic analysis; real estate investment analysis; and most notably tourism specific research with particular focus on destination real estate development. Of course, key personnel have been retained to maintain the said crucial functions of San Lotus Holding Inc. (BVI).
Specifically, acquisition of the said property in Japan is our first leap on developing our business of destination real estate, which is one of main segments to our all business. Also, we will continue to make efforts, in both time and resources, to develop and acquire the knowledge on the Japanese economy as a whole. For additional information regarding the acquisition of the said property in Japan, reference is made to San Lotus' Quarterly Report on Form 10-Q, as filed with the Securities and Exchange Commission on August 11, 2017.
About San Lotus Holding Inc.
We are a development stage company that plans to market travel products to the retiring baby boomer generation in the Asian markets and to develop the destination real estate. For more information on San Lotus Holding Inc. please go to the following links:
Safe Harbor Statement
This press release contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. These forward-looking statements concern San Lotus' operations, economic performance and financial condition and are based largely on San Lotus' beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of San Lotus to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Certain of these factors and risks, as well as other risks and uncertainties are stated in San Lotus' Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in San Lotus' subsequent filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and San Lotus assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
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