Elated Worldwide Group Private Placement Offering
Elated Worldwide Group Corporation announces the opening of non-brokered private placement offerings of up to 30,000,000 units at a price of $1.00 each for gross proceeds of up to $30,000,000.
San Diego, CA, February 04, 2009 --(PR.com)-- The plan forecasts each unit will consist of one common share of the Company and one common share purchase warrant, which entitles the holder to acquire one additional common share of the Company at a price of $1.50 for a period of 24 months following the closing of the offering and $2.00 after 24 months. The funds raised pursuant to the offering will be used to fund the Company's current working project “Mayan Adventures” in Cozumel, Mexico.
It is anticipated that the company will create revenue by December 2009 thru advance ticket sales. Directors and Officers of the Company are expected to participate in the private placement for a total amount of approximately $250,000. All securities issued in the Offering will be subject to a twenty four month hold period from the time of offering. Recently endorsed by the government of Cozumel, “Mayan Adventures”, the first amusement/theme park in Cozumel, Mexico, will be built on a parcel of 90 acres of land on the island, currently one of the top tourist destinations in Mexico. The entire park is designed to honor the vast and rich Mayan culture and history while preserving the natural beauty and resources of Cozumel. The two phase project is currently in the development stage in partnership with DKY Architects of Irvine California, and is expected to break ground in spring of 2009.
Elated Worldwide Corporation is a privately held company, founded to offer investors, governments and consumers reliable, high-quality and cost-effective vacation experiences through various entertainment and leisure opportunities. The company has established an extensive staff, partner and consultant network to design, build and manage entertainment and vacation properties. It is the company’s objective to promote the tourist trade and entertainment industry by providing an unsurpassed user experience by delivering high value, cost effective entertainment and vacation packages. Learn more about Elated Worldwide at www.elatedeg.com.
For More information
Dale Pinkert
Investor Relations
Elated Worldwide Group Corp.
800-899-2327
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It is anticipated that the company will create revenue by December 2009 thru advance ticket sales. Directors and Officers of the Company are expected to participate in the private placement for a total amount of approximately $250,000. All securities issued in the Offering will be subject to a twenty four month hold period from the time of offering. Recently endorsed by the government of Cozumel, “Mayan Adventures”, the first amusement/theme park in Cozumel, Mexico, will be built on a parcel of 90 acres of land on the island, currently one of the top tourist destinations in Mexico. The entire park is designed to honor the vast and rich Mayan culture and history while preserving the natural beauty and resources of Cozumel. The two phase project is currently in the development stage in partnership with DKY Architects of Irvine California, and is expected to break ground in spring of 2009.
Elated Worldwide Corporation is a privately held company, founded to offer investors, governments and consumers reliable, high-quality and cost-effective vacation experiences through various entertainment and leisure opportunities. The company has established an extensive staff, partner and consultant network to design, build and manage entertainment and vacation properties. It is the company’s objective to promote the tourist trade and entertainment industry by providing an unsurpassed user experience by delivering high value, cost effective entertainment and vacation packages. Learn more about Elated Worldwide at www.elatedeg.com.
For More information
Dale Pinkert
Investor Relations
Elated Worldwide Group Corp.
800-899-2327
###
Contact
Elated Worldwide Group Corporation
Dale Pinkert
1-800-595-3219
www.elatedww.com
501 West Broadway Suite 800
San Diego, Ca 92115
fax 619-400-4810
Contact
Dale Pinkert
1-800-595-3219
www.elatedww.com
501 West Broadway Suite 800
San Diego, Ca 92115
fax 619-400-4810
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