VANCOUVER, British Columbia, May 11 /PRNewswire-FirstCall/ -- Rancho Santa Monica Developments Inc. (BULLETIN BOARD: RSDV) ("the Company") announced today the appointment of Richard J Russell as Chief Operating Officer of Hotel ParaYso in Vancouver.
Mr. Russell will oversee the new office in Vancouver where the Company is planning to employ staff to raise funds for the acquisition of the lands at 620 Seymour Street. Richard brings with him over 20 years of experience with high profile developments in Southern Florida such as the Hilton Hotel in Fort Lauderdale and West Palm Beach, IBM Offices in Boca Raton, and the Royce Hotel in West Palm Beach.
Mr. Russell was quoted as saying, "I am not only an Officer of this exciting Project in Downtown Vancouver, I am now an investor and I believe that from my 20 years of development experience, with the combination of scarce land in downtown Vancouver and a superb location in the financial core, it paves the way for an excellent investment opportunity in a strong growth company with sound management like Rancho."
Legal Notice Regarding Forward-Looking Statements: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "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. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
