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May 14, 2012 11:30 ET
Intelligent Living Announces Renovation Division
Strong Sector Performance Accelerates Entry Into Buy, Renovate & Sell Market
VANCOUVER, BC--(Marketwire - May 14, 2012) - Intelligent Living Corp. ("ILVC"), (
Projects will target un-renovated older units in well maintained buildings. Renovations will focus on cost effective value added upgrades designed to bring the unit up to modern interior design standards and provide leading edge energy use, environmental control, communication and entertainment capability, including installation of ILVC's "touch & control" SMART HOME system as a standard feature.
"The local housing market continues to perform with month-on-month housing starts rising 6.3% (Central Mortgage and Housing Corp, April 2012) and ongoing balance in the resale market (Real Estate Board of Greater Vancouver, April 2012). Price stability and resale demand have created a terrific opportunity for us to become operational in this sector," stated Mr. Michael Holloran, President and CEO. "Our ways and means analysis indicates that the revenue opportunity is substantial and the working capital requirements can be met within our existing corporate structure. This is a natural progression that capitalizes the value added benefits of our current technology offerings and better utilizes on our strong in-house engineering and project management capability."
About ILVC
Intelligent Living Corp., a leading provider of green building solutions, specializes in multi-strata property renovation and development, home and commercial automation systems and development and supply of small footprint, energy efficient housing for First Nations communities and emergency relief. Founded in 1994, ILVC is a member of the Canadian Green Building Council.
Safe Harbor Provision
Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, availability of funding, intense competition, demand for the company's products and services, and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at [ http://www.sec.gov ].