Business Editors/High-Tech Writers
BOCA RATON, Fla.--(BUSINESS WIRE)--April 13, 2004
CyberAds, Inc. (OTCBB:CYAD), a diversified holding company that specializes in land & real estate development and new consumer products & services, announced today that The Vineyards Country Club, a gated, luxury motor coach country club near Palm Springs, CA in which CyberAds has a 22% equity interest, will receive a $33 million finance package from Scripps Investments & Loans. The announcement was made today by CyberAds' CEO, Walt Tatum.
Scripps Investments & Loans, a private lender based in La Jolla, is one of California's leading privately funded trust deed lenders, originating over $300 million in real estate secured loans since its inception in 1999, through a network of approximately 250 investors. The new financing is scheduled to close by Friday, April 17, 2004. The funds will be used to finish phase one of The Vineyards, as well as improve the commercial property adjacent to the luxury motor-coach resort community.
About Scripps Investments & Loans:
Scripps provides financing for real estate acquisition and development, construction loans, condo conversions, and commercial and multi-unit residential income properties. For additional information on Scripps Investments & Loans, call (858) 866-6300 or visit the website at www.scrippsil.com.
About CyberAds, Inc.
CyberAds is a diversified holding company that specializes in land & real estate development and new consumer products & services. The company currently offers or plans to offer products and services in such diverse areas as luxury country club development, gated community development, golf course development, telecommunications, cutting-edge financial services, and Internet marketing. For additional information about CyberAds, Inc., please visit the company Website at http://www.CyberAdsInc.com
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