VANCOUVER, BC — (Marketwire) — 05/14/12 — Intelligent Living Corp. (“ILVC”), (OTCBB: ILVC), a leading supplier of green building solutions and innovative home automation and control technology systems, today announced the establishment of an operating division focused on the buy, renovate and sell segment of the real estate market. The Company-s entry into this high value added segment of the market was led by the strong local performance of this sector plus the successful completion of a recently announced pilot renovation project in Vancouver-s trendy and high density downtown False Creek Fairview Slopes neighborhood. The division will focus on older condominium properties initially in Vancouver-s downtown urban core.
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.
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Intelligent Living Corp
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