BajaNomad - Mexican casino planned

Mexican casino planned

SUNDOG - 8-2-2007 at 10:04 AM

Mexican casino planned
2 August 2007

RANCHO MIRAGE, California -- (PRESS RELEASE) -- Ad Valora today announced that it has begun the planning and development for two major projects near San Felipe, Mexico, in Baja California on the Sea of Cortez.

The first project, Pelican Reef, is a 157-acre oceanfront property 38 miles south of San Felipe. Ad Valora plans to build 992 1,200 square-foot condominiums at this site, along with swimming pools, spas and a Club House.

The second project, called "Mexicarlo," is a hotel resort and casino. This Five Star Hotel and Casino will include 350 hotel suites, penthouses on the top floor, and a 40,000 square foot casino featuring all the popular gaming Americans find in Las Vegas and excellent restaurants and shops. Also at the site will be constructed an 18-hole professional golf course, club house and restaurant, and a marina on the warm, azure blue, Sea of Cortez waterfront with eventually more than 100 slips.

"Fishing is world renowned in this area which prides itself on 360 days of sunshine a year," said C.M. (Sonny) Ball, Chairman. "We are looking to break ground on these projects in mid-October 2007."

Hook - 8-2-2007 at 10:36 AM

Imagine that..........world renowned fishing just south of San Felipe.

So, where would this be........around Coloradito or farther south?

Bob H - 8-2-2007 at 10:39 AM

....Possibly Shell Island's demize!
Bob H

Is this the same one........

bajamigo - 8-2-2007 at 12:13 PM

http://forums.bajanomad.com/viewthread.php?tid=26030

CaboRon - 8-2-2007 at 01:28 PM

Quote:

Originally posted by bajamigo
http://forums.bajanomad.com/viewthread.php?tid=26030

I think so ....

wilderone - 8-13-2007 at 04:29 PM

RANCHO MIRAGE, Calif., Aug. 9 /PRNewswire-FirstCall/ -- Niteagle
Systems Inc. (Pink Sheets: NGLE), which was formed in 2006 to develop the
next generation of enhanced vision systems for a wide variety of
applications, and is now also expanding into real estate, today announced
that it has made a tender offer to merge with Ad Valora, with Niteagle
being the surviving company, said C. M. (Sonny) Ball, Chairman of Niteagle.
Ad Valora previously announced that it has begun the planning and
development of two major projects near San Felipe, Mexico in Baja
California, including more than 990 condominiums and a hotel resort and
casino. Both projects are expected to break ground in mid-October 2007.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, including, without
limitation, statements regarding the plans and expectations of company
management at the time of publication. However, actual company actions,
performance, development of stated products, sales and marketing activities are subject to change. Actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks
related to Niteagle Systems Inc.'s limited operating history. All
forward-looking statements in this document are based on information
available to Niteagle as of the date hereof and Niteagle assumes no
obligation to update these forward-looking statements.
CONTACT: Niteagle Systems Inc.
Paul Knopick
E & E Communications
(949) 707-5365
pknopick@eandecommunications.com

woody with a view - 8-13-2007 at 04:41 PM

Quote:

Originally posted by Bob H
....Possibly Shell Island's demize!
Bob H

shhhh....it's a secret spot!

Hook - 8-13-2007 at 04:45 PM

Boy, you've gotta be good at enhanced vision to see this project actually being completed.

Interesting time to suddenly develop an interest in real estate.

Ad Valora ALREADY looking for deeper pockets, only a week after the initial announcement?

BajaWarrior - 8-13-2007 at 05:20 PM

Quote:

Originally posted by Bob H
....Possibly Shell Island's demize!
Bob H

Not to worried if the location is Shell Island, they'll just get stuck in the mud first then the sand and they won't be able to develope it! :lol:

oldhippie - 8-13-2007 at 07:02 PM

Quote:

Originally posted by wilderone
RANCHO MIRAGE, Calif., Aug. 9 /PRNewswire-FirstCall/ -- Niteagle
Systems Inc. (Pink Sheets: NGLE), which was formed in 2006 to develop the
next generation of enhanced vision systems for a wide variety of
applications, and is now also expanding into real estate, today announced
that it has made a tender offer to merge with Ad Valora, with Niteagle
being the surviving company, said C. M. (Sonny) Ball, Chairman of Niteagle.

C. M. (Sonny) Ball is also the CEO of Ad Valore. As I guessed in the other thread, this a scam to prop up the failing Niteagle shares. This joker is not going to build anything. It's really a 2-bit move related to Niteagle's failures.

Hook - 8-13-2007 at 07:42 PM

Sure sounds like a shell game..............and I dont mean Shell "Island".

wilderone - 8-14-2007 at 08:28 AM

I think the SEC might be interested too! I wonder what the shareholders of Niteagle have been told. What a bozo.

wilderone - 8-14-2007 at 11:48 AM

and:
"Ball originally planned to develop a casino in Reno, but that development collapsed when his partner in the project died unexpectedly.

Shortly after his business partner's death, Ball was approached by a group of Mexican investors with contacts in the Mexican government about developing resorts and a championship golf course in that country.

The investment group already owned the land near the Sea of Cortez, Ball said.

Ball then formed Ad Valora from a shell company in July and hired E&E Communications in Laguna Hills to help with public and investor relations.

"After the [Reno] casino deal fell apart this seemed like the logical direction for me to go in," said Ball, who has multiple business interests, including part-ownership of a mortgage company in Santa Ana that buys and develops properties in foreclosure and other distressed properties.

He also owns Niteagle Systems Inc., a publicly traded company that he formed last year.

Niteagle is a Nevada corporation that manufactures cameras for recreational vehicles and trucks that are designed for better vision through fog.

Ball agreed to merge Ad Valora into Niteagle on Aug. 9.

"I want to get my investments under one roof," he said.

News of the merger spread quickly. An investor bought 62,000 shares of Niteagle at 25 cents a share immediately after that deal was announced, Anton said.

Niteagle is owned by about 1,000 shareholders and trades on the pink sheets exchange. Ball is the company's board chairman.

Ball said he will manage Ad Valora [Latin for "good value"] from his home."

Martyman - 8-14-2007 at 11:49 AM

I hope they have a craps game!!

Cypress - 8-14-2007 at 01:51 PM

Going down to Baja to gamble makes about as much sense as going down to Baja to play golf. :lol:

Seems like every town has at least one golf course and one casino.

Must boil down to a change of scenery. :bounce:

Hook - 8-14-2007 at 02:19 PM

Quote:

Originally posted by Martyman
I hope they have a craps game!!

Amen to that, Marty.

oldhippie - 8-14-2007 at 03:13 PM

"News of the merger spread quickly. An investor bought 62,000 shares of Niteagle at 25 cents a share immediately after that deal was announced, Anton said."

as of now he's made 62,000 pennies.

http://finance.yahoo.com/q/bc?s=NGLE.PK&t=5y&l=on&am...

CaboRon - 8-15-2007 at 02:51 PM

Quote:

Originally posted by Hook

Quote:

Originally posted by Martyman
I hope they have a craps game!!

Amen to that, Marty.

I'll be at the Texas Hold'em table. :lol:

-CaboRon