Intelligent Living Corp. Completes Centerpoint Discovery Center Project in Tempe, Arizona
30 January 2007
Elgrande International (OTCBB: EGDI) announced today that the Company's wholly owned subsidiary, Intelligent Living Corp. (ILC) (www.intelligent-living.us), recently completed a project to automate Discovery Center, the sales and marketing center for the planned 800-unit Centerpoint condominium development underway in Tempe, Arizona.
The $70,000 project includes an integrated audio/video/security system utilizing Microsoft Media Center (MCE) technology to drive six 63-inch high-definition plasma screens showing lifestyle pictures, floor plans for the project and special event images. Also included are: two 7-inch touch panel screens that replicate and control images on two large screens, advanced video processing to integrate four of the large screens into one seamless image, and video cameras to record and display cooking demonstrations in the development's gourmet demonstration kitchen.
Michael Holloran, Chief Executive Officer of Elgrande International, commented, "The Centerpoint project has been recognized as a design landmark development, and we are honored to be part of the team. We were given the challenge and a free hand to design and deliver a state-of-the-art system that combines visual impact, technology and utility. Our design contributes to the architectural presentation, and the system gives audio/video impact to the sales process and to prospective condo owners. Going forward, we expect to be the preferred supplier to the development for all home automation solutions."
ILC has ongoing contracts and relationships with a number of builders, primarily those developing high-end condominiums and gated communities, and established associations with industry leading technology partners. ILC is expected to contribute up to $4 million of revenue by the end of Calendar 2007 based on the work-in-progress and the typical systems ordered.
About Centerpoint Condominiums
Developed by Avenue Communities, designed for luxury living and situated in downtown Tempe (Greater Phoenix), Arizona, the Centerpoint Condominiums will comprise of 800 condo homes ranging in size from 800 to 3,000 square feet in 4 high-rise towers. The complex will include a 23,000-square-foot facility on the 7th floor that will house a commercial-quality movie theatre, a world-class fitness centre, and a state-of-the-art commercial demonstration kitchen. The ground floor will include a gourmet café and grocery store and the complex will be home to the first winery in greater Phoenix and the first winery to be located within a residential community (www.centerpointaz.com).
About Elgrande International
Elgrande International through its wholly owned subsidiary Intelligent Living Corp. (www.intelligent-living.us) specializes in designing, supplying, installing, upgrading and servicing home automation and commercial presentation center solutions including: structured wiring, security systems, internet access, lighting and HVAC control, and distributed audio/video systems. The Company offers both wired and wireless technology for single and multi unit new construction and existing buildings, using both traditional component and Windows Media Center based systems. ILC has been supplying custom IT solutions since 1994 and home automation solutions since 2003. The Company has offices and demonstration suites in Phoenix and Vancouver and ongoing projects in southwest BC and the greater Phoenix area.
Safe Harbor Provision
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, "Going forward, we expect to be the preferred supplier to the development for all home automation solutions," and are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Risk factors include, lack of liquidity, availability of product, uncertainty concerning market acceptance of its designs, competition and other risk factors as outlined in the Company's SEC filings.
Contact Information: FOCUS Partners LLC Alison Hart Email Contact 212-755 4884
SOURCE: Elgrande International, Inc.
Source: marketwire
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