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WINZEN COMPLETES FINANCING FOR MAJOR PROJECT
NEWS RELEASE
WINZEN COMPLETES FINANCING FOR MAJOR TOWNHOUSE PROJECT
Winzen International Inc. is pleased to announce that it has recently completed a financing arrangement with the Bank of Montreal for the construction of 60 townhouses in Burlington, Ontario.
Construction of these units has just begun, and are already 65% sold. The expected completion date is scheduled for the summer of 2001. The price for the units ranges from $150,000 to $190,000, for a total sale price of approximately $9,500,000.
The SilverCreek project of 60 townhouses was acquired in mid-September. The company anticipates significant earnings from the project in its 2002 Financial Statements.
Winzen International Inc. is a holding company active through its subsidiaries in real estate development. More information on the company is available on our website www.winzen. on.ca.
Winzen International Inc. is listed on the Canadian Venture Exchange under the symbol WZI.
ON BEHALF OF THE BOARD OF DIRECTORS
BRIAN ZENKOVICH, CEO
Toronto, Ontario
October 20, 2000
Shares Issued: 8,999,100
CDNX Trading Symbol: WZI
For inquiries, Victor Zenkovich, Winzen
Tel: (416) 253-5900
Fax: (416) 253-1102
E-mail: winzen@winzen.on.ca
Website: www.winzen.on.ca
Marc Bouchard, Prime-Vest
Tel: (450) 378-7718
E-mail: primev@total.net
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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