AndhraNews.net
Home » Business News » 2011 » June » June 8, 2011

Intelligent Living Provides Update on Strategic Initiatives: Small Home Development, First Nations and Relief Housing


June 8, 2011 - Vancouver, BC

Intelligent Living Corp. ("ILVC") (OTCBB: ILVC), a leading provider of green building automation and technology solutions updated today its progress with the previously announced housing initiative. The Company anticipates that it will shortly complete a definitive agreement defining commercial terms for the supply of the design build service component of ILVC's engineered, green, energy efficient, pre-manufactured small footprint homes. ILVC previously announced the signing of a Letter of Intent on October 18, 2010.

As part of a strategic initiative aimed at driving shareholder value, ILVC has targeted local and regional markets for small multi-residential strata homes, housing specific to the needs of First Nations communities, and both domestic and off-shore markets for rapid deployment, small footprint buildings pre-manufactured and shipped flat packed in containers ready for site erection.

"We had originally anticipated completion of the definitive agreement earlier in the year; however, our review of the commercial structure to optimize mutual interests has taken longer than anticipated and Smallworks was tied up tendering relief housing for the Japanese tsunami. This agreement gives us market leading design build capability and enhances entry into our target markets," said Michael Holloran, CEO, ILVC. "Our local economy and housing market are robust and continue to provide design build opportunities, the demand continues for well engineered, easy to build, cost effective First Nations housing and there is an immediate domestic and international market for a range of wood based, flat pack 'house-in-a-box' products. In addition, the Canadian government's Asian gateway initiative has created a west coast trade channel into those markets where the need is most critical."

About ILVC (www.intelligent-living.us): Intelligent Living Corp., a leading provider of green building automation and technology solutions, specializes in designing, supplying, installing, upgrading and servicing home and commercial automation systems, the development and supply of small footprint, energy efficient housing for First Nations and emergency relief, and multi-strata resale property development. ILVC, a member of the Canadian Green Building Council, has supplied custom technology solutions since 1994.

About Smallworks (www.smallworks.ca): Vancouver's first and most established builder of custom-made finely planned small residences, Smallworks Studios & Laneway Housing, Inc. has been constructing innovative, low impact, green built, energy efficient carriage, loft and bungalow laneway homes for over 5 years. Smallworks' homes achieved the second highest score of all buildings assessed under the BC Hydro Power Smart program, extremely high EnerGuide ratings, and in addition has won the slow build award. Smallworks' first-to-market and innovative approaches led to their collaboration with the City of Vancouver and the development of the City's Laneway housing initiative and By-Law. Smallworks utilizes their in-house design team, pre-fabrication facility and millwork shop to deliver custom designs, cutting edge building envelopes and high quality contemporary finishes in a fast, cost effective, efficient and seamless process with minimal environmental/site impact.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Intelligent Living, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For more information, please contact:
Intelligent Living Corp
(604) 876 7494

MarketWire

Comment on this story

Share