8000inc subsidiary Skyvillas Realty exceeds the BDS$100,000,000 value for its property listings

Jan 28, 2010, 09:30 ET from 8000 Inc.

In January 2010 Skyvillas Realty (SVR) Barbados, part of the 8000inc USD $75M investment strategy, exceeded 225 property listings for its sales and rental businesses.

MANASSASS, VA, Jan. 28 /PRNewswire-FirstCall/ - SVR this week exceeded its 225th property listing having secured its 200th, Jamoon, on the Sandy Lane Estate, Barbados, in December. This landmark values the SVR property list for sales in excess of BDS$98M and monthly rental revenue of BDS$200K. It is expected that the rate of growth, and business value, will accelerate through the launch of the new SVR web site and publicity campaign commencing first week of February 2010.

Joel Parris, Managing Director SVR said "Since becoming a part of the 8000inc group, the team has been motivated to take advantage of the potential and possibilities we have at SVR. However, I never expected the interest or the rate at which clients and customers are contracting with us. At this rate we will exceed BDS$500M of listings this year and need more staff to manage this demand."

When we found Skyvillas, we all knew it was an undiscovered gem. What we didn't know was how quickly after restructuring, the market would realize this too. Joel and the team should be extremely pleased and excited with what is happening. Putting this into perspective," said Thomas Kelly, CEO 8000inc, "two property sales on Sandy Lane this year would take the subsidiary annual turnover to over USD$1M. We are all looking forward to the expansion, and expectation, of Skyvillas operating in other countries."

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SOURCE 8000 Inc.