Published: August 08, 2011
Marquis Tech Holdings Announces Corporate Update on its Parking System & Gold Project
NEW YORK - (BUSINESS WIRE) - Marquis Tech Holdings, Inc. (Pink Sheets: MGRND), announces today that
it has finalized the schematics on it's for profit parking system in
Georgetown, Guyana. The system will consist of 3,500 parking spaces
including 1,000 high priority and 2,500 low priority parking spaces. The
company projects it will charge 75 cents per hour on the high priority
and 30 cents per hour on the low priority spaces. The company
anticipates the system will generate over $3.5M in gross revenue in its
first year of operations.
The company will be posting the initial site plan on its website www.MarquisTechHoldings.com
later this week for investors and residents to view.
"We feel it is a smart decision to begin with 3,500 spaces, and our
prices are conservative with room to grow with inflation. Our goal here
is simple, to build and operate this system on behalf of the City of
Georgetown for the next 25 years. This is only one of a number of
initiatives the company will be undertaking to improve the quality of
life in Guyana. We are excited to have the cooperation of the City
Council and we look forward to continuing to foster a long term
productive relationship."
The company also announces it is making progress on the Marquis Gold
Project which it currently estimates to have $50M of gold reserves on
the property. "We have been receiving an overwhelming amount of phone
calls and emails regarding our gold project. We would like everyone to
know that the company is working as fast as possible to get this
property generating revenue. We are currently working on numerous fronts
while trying our best to maximize our resources. We are close to
appointing a General Manager on the Marquis Gold Project, and we will be
updating our shareholders throughout this process. Right now, we have a
tremendous amount of opportunities on the table, and maintaining focus
while moving forward on all fronts is critical to our success."
About Marquis Tech Holdings
Marquis Tech Holdings, Inc. is currently in the process of building a
successful portfolio of revenue generating technology and real estate
assets. In our role as managers, operators, and marketers of
technologies we believe that leveraging our industry experience and
capitalizing on our strategic relationships are the best ways to achieve
profitable results. Marquis' company philosophy is to acquire domestic
and international companies which possess an inherent competitive edge
whether it's derived through written law, intellectual property, or
government contracts and inject the capital necessary to maximize
earnings while pooling resources and managing the logistics to ensure
all acquisitions operate in efficient harmony.
Safe Harbor: This release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts may
be deemed to be forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance
and results may differ materially from that projected or suggested
herein due to certain risks and uncertainties including, without
limitation, ability to obtain financing and regulatory and shareholder
approvals for anticipated actions.
Marquis Tech Holdings, Inc.
Saratu Phillips
(646)
726-9850
InvestorRelations@marquistechholdings.com
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