MIAMI, FL, Mar 28, 2017 (Marketwired via COMTEX) — MIAMI, FL–(Marketwired – Mar 28, 2017) – Metrospaces, Inc. (otc pink:MSPC) announces the restructuring of its Venezuelan assets and negotiations to acquire businesses and real estate projects in the U.S.A.
Mr. Silva, Metrospaces CEO, stated: “The Venezuelan economic and political situation has deteriorated faster and further than anyone ever anticipated. Currency devaluation has rendered local banking credit lines and construction loans basically insufficient, thus making the financing of our Tulasi Mandir and Orinoco Belt Hotel very difficult at current times. We will seek to either sell or divest these assets as to allow management to focus o…
Read the full article at: http://www.marketwatch.com/story/metrospaces-announces-restructuring-of-assets-and-refocus-of-business-plan-to-the-usa-2017-03-28-131601034