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International Land Alliance FY24 Audit Report Confirms Record Revenues Reported in March
Globenewswire· 2025-05-22 12:00
Core Points - International Land Alliance, Inc. (ILAL) has filed its audited financial statements for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission [1] - The audited financials confirm record gross revenues exceeding $8 million and net revenues of $3 million for the year 2024 [2] - ILAL management is progressing towards uplisting to NASDAQ by the end of 2025, with the potential to achieve this without an underwritten offering [3][4] - The company is in the final stages of appointing three independent directors to comply with NASDAQ requirements [4] - Despite global economic challenges, ILAL has maintained steady sales, attributed to its business model and the affordable luxury homes in Baja California [5] Company Overview - ILAL is an international land investment and development firm based in San Diego, California, focusing on sustainable and socially responsible solutions [5] - The company specializes in acquiring raw land in Northern Baja California, aiming to develop a diverse portfolio of properties for investment and living options [5]
International Land Alliance Updates Construction at Oasis Park
Globenewswire· 2025-04-30 15:30
Core Viewpoint - International Land Alliance, Inc. (ILAL) is advancing its development projects at the Oasis Park Resort, with five new homes in the contract stage and projected construction revenue exceeding $1.3 million [1]. Group 1: Project Developments - The Oasis Park Resort, a master-planned community, opened sales in Q3 2024, featuring 500 homesites with a gross sales potential of over $15 million and potential construction revenue exceeding $125 million [2]. - The company plans to break ground on the Cabo Oasis Resort and Spa, a 72-room condotel, which will serve as amenities for property owners at both Oasis Park and Rancho Costa Verde [3]. Group 2: Marketing Strategy - The marketing strategy for Oasis Park Resort is modeled after the successful approach used at Rancho Costa Verde, where 1,200 homesites were developed, over 1,000 sold, and more than 100 homes and a boutique hotel built [3]. Group 3: Company Overview - International Land Alliance, Inc. is based in San Diego, California, focusing on sustainable and socially responsible land investment and development, primarily in Northern Baja California [4].