Belize Developer Signs With CapNet Securities Corporation
HONOLULU--(BUSINESS WIRE)--March 14, 2006--Belizea Corporation, one of the largest landowners in the Central American nation of Belize, announced today that it has retained the services of CapNet Securities Corporation, one of American's premier financial advisory firms.
Belizea, which owns more than 31,000 acres of land in Belize, plans to develop their property in a mixture of residential, tourism and educational endeavors over the next several decades. The property has been sub-divided into four distinct parcels by the Belizean government, with plans already completed to build homes, hotels, shopping centers, a golf course, a woodworking plant and, in conjunction with the IC2 Institute at the University of Texas, a Business, Education, Science and Technology Park.
CapNet Securities Corp. is an NASD member broker/dealer registered in 35 U.S. states, and specializing in investment banking and institutional brokerage. In recent years, CapNet has assisted numerous American firms with financial advisory services, ranging from institutional fixed income to mezzanine financing. Under terms of the Agreement, CapNet will assist Belizea with developing a transaction strategy, finding potential investors and advising with the form and structure of any financing arrangements.
"We consider this a great step forward for our company," said Gerhart W. Walch, Chairman of Belizea Corp. "CapNet has a great resume of success and came to us highly recommended. We are please to be working with them and confident they will assist us in our plans to build the finest resort destination in Central America."
Andrew Wells, president of CapNet, said: "This is a great opportunity for our company to become involved in the future of Belize, which is fast becoming a popular destination for both business and vacation ventures. Belizea's property is well positioned to be a centerpiece of this emerging nation."
Belizea's property, called the Mayan Plantation, lies along the ocean less than ten miles form the nation's major airport and only 20 miles from Belize City. It includes miles of sandy beach, lagoons and more than 10,000 acres of tropical rainforest.