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His Excellency, Andre Kimbuta, Governor of Kinshasa, Visits U.S. to Meet With Prime Income Asset Management and Balkan Energy Officials

DALLAS, Nov. 19 /PRNewswire/ -- His Excellency, Andre Kimbuta, governor of Kinshasa,Democratic Republic of the Congo, along with a 7-person government delegation, visited the U.S. recently on a fact-finding mission regarding possible assistance for infrastructure development for his country.

Governor Kimbuta and his team were met by officials fromDallas-based Prime Income Asset Management LLC, an advisory and management company to real estate and energy sector companies and Balkan Energy Company LLC, a privately owned energy company, which handles power projects in developing countries. Balkan Energy, originally formed to explore ways to provide power toAlbania and other Balkan countries, has since expanded its footprint to include the African nations ofGhana andBotswana. According to Prime officials, in addition to possibly building new power plants inKinshasa, the largest province in theCongo, an upcoming Conference of French-speaking countries to be held inKinshasa in 2010 was among several reasons for the recent stateside visit.

According to His Excellency, Governor Kimbuta, "We are committed to resolving our power and infrastructure issues, so that we can provide much needed relief and a better life for the people of our country, while continuing to encourage normal business operations by national and international investors."

"Like its neighboring African countries,Ghana andBotswana, the Democratic Republic of the Congo, while home to one of the country's largest hydro plants, also faces a shortage of electricity and significant infrastructure development due to the country's continued growth," said Daniel J. Moos, chief operating officer of Prime Income Asset Management. "It is our hope to immediately put together a delegation comprised of officials from Prime Income Asset Management, Balkan Energy andDallas-based consultants to theCongo, to visitKinshasa over the next few weeks in order to assess their needs, undertake studies and help them devise viable solutions."

Prime Income Asset Management LLC (http://www.primeasset.com) is aDallas- based real estate management and energy sector advisor, which develops and manages in excess of $4.5 billion in value of commercial real estate and energy related assets for various public and private entities. Prime also provides direct or sub-advisory services to both domestic and international entities engaged in real estate, gas, oil, electricity and communication operations. Entities advised or assisted by Prime include American Realty Investors, Inc.; Transcontinental Realty Investors, Inc.; and Income Opportunity Realty Investors, Inc. From time to time, Prime consults with Gene E. Phillips who serves in a senior advisory capacity with Prime. Other entities engaged in energy operations with which Prime is involved as an advisor or is otherwise assisting include New Concept Energy, Inc., Balkan Energy and EurEnergy Resources Corporation.

SOURCE Prime Income Asset Management LLC

Tags: ,FIN,RLT,OIL,TX-Prime-Income-Congo

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