VANCOUVER, British Columbia, June 18 /PRNewswire-FirstCall/ -- Rancho
Santa Monica Developments Inc. (OTC Bulletin Board: RSDV) "the Company or
RSDV" has signed a letter of intent to build, joint venture and develop the
hotel site in Vancouver with DE COTIIS GROUP WINDSOR HOLDINGS LTD., Nick De
Cotiis, President, CEO, Director and a prominent member of the De Cotiis
Family. De Cotiis Group Windsor Holdings Ltd. "DCG" is a major and important
addition to RSDV's development objectives. "DCG will bring its exceptional
skills, experience and leadership to the RSDV team. We are very excited about
working with a reputable builder such as the De Cotiis Group of Companies.
They have the financial resources, reputation and experience to assist RSDV in
making this Development come to fruition," quoted company President, Graham
Alexander.
Mr. Nick De Cotiis is a well-established and prominent Vancouver, British
Columbia businessman, President, Chief Executive Officer and Director of the
De Cotiis Group of Companies: Land Development, Builders, Investments and
Property Management. Further, Mr. Nick De Cotiis has played a prominent role
in philanthropy, supporting various charitable organizations including
Athletics 4 Kids, Children's Hospital and Lions Gate Hospital. He attended
Simon Fraser University in BC Canada.
"DCG brings tremendously valuable experience, skills and knowledge to the
table that will enable RSDV to mature as a premier Resort Developer on the
west coast of Canada. I am highly confident in the development opportunities
with RSDV," said Nick De Cotiis. "I am impressed with RSDV's current business
plan and objectives. As President of DCG, I intend to work closely with the
RSDV board and staff to build valuable and sought after resorts. This will
help grow a premier resort company using top-notch advisors, consultants,
employees, strategic partners, and of course all focused on top-notch
projects," said Nick De Cotiis.
Mr. Nick De Cotiis has over 25 years of experience as a real estate
developer and builder.
Privately owned, De Cotiis Group/Companies and Family have a portfolio of
projects developed and/or underway cumulatively valued in excess of 10 billion
dollars. Mr. Nick De Cotiis has served as a director and officer of numerous
private and public companies and is one of the more significant business
professionals in Vancouver, Canada. De Cotiis Family projects include
Condominium Hi-rise Towers, Hotels, Business Parks, Office and Shopping
Centres.
SOURCE Rancho Santa Monica Developments Inc.