ACDL receives amended Investment Certificate from the Government of Vietnam

Thu Apr 4, 2013 12:01am EDT

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HO TRAM,  Vietnam, April 4, 2013 /PRNewswire/ -- Asian Coast Development
(Canada) Ltd (ACDL) today announced the formal approval by the Government of 
Vietnam  of all of ACDL's requested amendments to its Investment Certificate.  

"This is a landmark day for the Ho Tram Strip," said ACDL Chief Executive
Officer  Lloyd Nathan. "We would like to extend our gratitude to the Government
of  Vietnam, the Ministries that have been involved in our amendment process,
and to the leadership of the Province of  Ba Ria-Vung Tau  who have been
extremely supportive throughout."

The Ho Tram Strip will ultimately include two integrated resorts with gaming
facilities and an additional three five-star resorts, a  Greg Norman  designed
championship golf course and other related real estate development, all set
along a 2.2 kilometer beachfront 164 hectare site, located approximately two
hours from Ho Chi Minh City.   

Construction of the first phase of the Company's first resort is complete. It
includes 541 five star rooms and suites, world-class restaurants, gaming
facilities, convention and meeting space, luxury retail, bars, an ultra-lounge,
a spa, three swimming pools, beach facilities, and other leisure amenities. 
ACDL is also currently constructing Tower 2 of the first resort which will add
an additional 559 five star rooms and suites. In addition, it is constructing an
18-hole  Greg Norman  designed championship golf course.

"We are delighted and honored by today's confirmation of our Investment
Certificate amendment application and look forward to moving ahead with our
opening," said Mr. Nathan. "The resort is spectacular and we have a dynamic and
energized team on site ready to welcome our guests to  Vietnam's first
integrated resort."  

About Asian Coast Development (Canada) Limited:

Asian Coast Development (Canada) Ltd. (ACDL) is an international development
company specializing in integrated resort destinations. ACDL, through its
wholly-owned subsidiary Ho Tram Project Company Ltd, is the developer of the Ho
Tram Strip, a group of integrated resorts to be located on more than 400 acres
of land and more than two kilometers of pristine beach in  Ho Tram,  Vietnam 
and approved in an Investment Certificate issued by the Government of  Vietnam.
With a focus on providing a personalized blend of excitement and relaxation, the
Ho Tram Strip will feature something for everyone, from lavish entertainment to
premium shopping and exceptional recreational facilities.

The first phase of its development will be  Vietnam's first large scale
integrated resort and ultimately will include an 1,100-room, five-star hotel, a
world-class entertainment facility, restaurants, high-tech meeting space, an
exclusive VIP area, a championship golf course, as well as a variety of
beach-front recreation activities. Phase I of this development is scheduled to
open in 2013. It will be the initial component of the largest integrated resort
complex in  Vietnam.

For more information about ACDL, please visit  www.asiancoastdevelopment.com.  

 

SOURCE  Asian Coast Development Ltd


Matterhorn Communications for Asian Coast Development (Canada) Limited, Matthew
Underwood, Tel: +84 8 3838 5517, matt@matcomvn.com; or Ha Nguyen, Tel:
+84908184100, ha.nguyen@matcomvn.com

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