| | |  Business News | September 2008 
FIMA Reports Construction Is Ahead of Schedule in Veracruz Project
 InterestAlert
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FIMA, Inc, an emerging diversified land development company, announced today that its subsidiary, Garcia y Garcia Concreto y Diseño Arquitectónico, is ahead of schedule in the construction of two residential units in the Las Palmas neighborhood of Veracruz, Mexico. Construction on the project began last month, and is progressing at a rapid pace.
FIMA Director Paul Salay, who was also in Mexico to present a paper at the Universidad Nacional Autónoma de México in Mexico City, recently visited the project and reported on the status of the project to the FIMA Board of Directors. Pictures of the project can be seen on the FIMA website at: www.fimadevelopmentinc.com.
According to Israél Garcia, a principal of Garcia y Garcia and the project manager of FIMA's Las Palmas project, "We have been able to move forward very quickly with our construction work to this point, and even more importantly do not anticipate any delays. We have obtained final approval on all applicable permits, and are beginning preparations to start construction on the second floor."
"At our current pace, we are extremely confident that we will complete construction of the units in approximately two months, and reach a stage where we can initiate our pre-sale program of the units well before that. In fact, our experience here has been so positive that we are examining the possibility of further development in this neighborhood, and look forward to continuing to develop our relationships in this area."
About FIMA, Inc.: FIMA is engaged in a diverse range of land development and utilization activities, such as the acquisition of raw land and the design and construction of commercial and luxury real estate in the resort regions of Mexico, resource exploration and development in Central and South America, and the acquisition and development of mining properties and mining rights in Central and South America. FIMA operates several subsidiaries, including a prestigious architectural design and construction firm based in Puebla, Mexico, as well as an integrated resource exploration and mining company with holdings in the prolific gold- and silver-producing regions of Colombia. For more information, visit the Company website at: http://www.fimadevelopmentinc.com. |
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