PROGREEN US, INC. (OTCMKTS:PGUS) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. Entry Material Definitive Agreement.
On January 17, 2019, Progreen and its two Baja California joint ventures, ProCon Baja JV and Contel. entered into an Exclusive Real Estate Broker/Agent Agreement (“Agreement”) with EXIT Southeast’s Marketing Group, Southeast Ventures LLC, Nashville, Tennessee, for marketing the properties developed in the Company’s Cielo Mar project. Services under this Agreement will begin after the due diligence period by both parties and will be effective March 1, 2019 for a five-year period when the marketing structure is complete. EXIT Southeast’s team will create a strategic marketing plan, to initiate pre-sales for the Cielo Mar Resort development through its IDX Platform, print media, social media, radio/tv broadcast, database networking with buyer/investors of its licensed real estate agents to campaign a launch of Cielo Mar Resort and membership sales, connecting buyers that long for a high quality, affordable vacation destination within close proximity to the US and Canada. We will utilize our targeted marketing franchise through the direction of EXIT Realty Corp International.
Item 9.01 Financial Statements and Exhibits.
Progreen US, Inc. Exhibit
EX-10.84 2 ex10-84.htm EXHIBIT 10.84 EXIT Southeast/Southeast Ventures LLC./ProGreen/ProCon JV/Contel Exclusive Real Estate Broker/Agent Agreement This Exclusive Real Estate Broker/Agent Agreement is made effective as of January 17,…
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About PROGREEN US, INC. (OTCMKTS:PGUS)
ProGreen US, Inc. (ProGreen), formerly ProGreen Properties, Inc., owns and manages residential real estate rental property in the Oakland County, Michigan area. The Company is engaged in acquiring, refurbishing and upgrading residential real estate. The Company purchases residential real estate apartment homes, condominiums and houses in the State of Michigan. The Company is focusing its investments and interest in agricultural land in Baja California, Mexico. The Company’s investment properties are marketed by ProGreen Realty LLC, a subsidiary of ProGreen and managed by its subsidiary, Progreen Properties Management LLC. In addition, the Company’s subsidiary, ProGreen Construction LLC, performs various construction and development services for properties, which are held and under development. As of April 30, 2016, the Company owned 14 properties.
