Andalusian Resorts and Spas, Inc. Announces Letter from the Mona Lisa Hotel and Casino in Costa Rica
May 14, 2014 01:55 PM Eastern Daylight Time
LAS VEGAS--(BUSINESS WIRE)--Andalusian Resorts and Spas, Inc. (the "Company") (symbol: ARSP.PK), today announced additional details in regard to the letter of intent for the acquisition of the Mona Lisa Hotel and Casino in San Jose, Costa Rica. The Mona Lisa Hotel and Casino (
http://www.monalisacr.com) is located in historic Barrio Amon with 93 recently renovated guest rooms, a fabulous restaurant, and an 8,000 square foot Casino. Andalusian intends to use the Mona Lisa Hotel and Casino to cater to the global LGBT community.
Dear Mr. Bernie Fried, President of Andalusian Resorts and Spas Inc., “The Mona Lisa Hotel and Casino is extremely excited about the letter of intent recently signed with Andalusian Resorts and Spas Inc. As the current owner, attorney and investor of the Mona Lisa I am delighted for the Property to go to the next level and become a superstar destination in Central America. The Mona Lisa is a four star hotel located in the Historic Barrio Amon section of Downtown San Jose, Costa Rica. The Hotel is a superb base from which to enjoy the eco-tours, exciting outdoor adventures, sightseeing, as well as the vibrant nightlife in San Jose, Costa Rica. The Amon section of town has seen an investment renaissance in recent years with many restaurants, coffee houses, art galleries and shops offering locally made goods are thriving in this area. The Mona Lisa will almost certainly become the most luxurious in the area and will no doubt move up to a five star with the planned upgrades and expanded offerings that will be available after the acquisition. The Mona Lisa may become the premier property in all of Central America catering to the LGBT community. Costa Rica has long been recognized as a leading country when it comes to social responsibility, and the corporate culture of social responsibility that exist at Andalusion Resort and Spas Inc. is a perfect fit in Costa Rica. Thank you. All of us here at the Mona Lisa look forward to working with you to make this the best property in all of Costa Rica.” Thomas E. Lustgraaf, Attorney at Law Lustgraaf Law Offices
Bernie Fried, President and CEO of Andalusian stated, "Andalusian is thankful to Thomas Lustgraff for his support and endorsement of the project. This acquisition of the Mona Lisa Hotel and Casino adds to the excitement for the Company and its shareholders. Andalusian’s pledge is to continue to inform the shareholders on the status of the projects and continue to move the Company forward and implement Andalusian's Business Plan to provide increased shareholder value. The Company is determined to continue to rally against human rights violations in all countries and implement its strategy of becoming the destination of choice for the global LGBT community.”
About Andalusian Resorts and Spas – (
http://www.arsproud.com). The Company plans to own and operate an international premiere luxury boutique hotel and resort chain catering to the LGBT community, where exceptional care, attention to detail, and the comfort of its guests are its ultimate mission. Each of its premier, full-service locations will strive to maintain a 4 or 5 star rating. Andalusian has committed to fund and endow a charitable foundation with a portion of its revenues, whose purpose is to, among other things, foster education and awareness regarding the worldwide LGBT community. "LET's OPEN THIS DOOR TOGETHER" - "WE ARE A STRAIGHT FRIENDLY COMPANY."
Forward-Looking Statements - This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.