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Country Clubs Vineyards regelt financiering van 33 miljoen voor uitb..

Datum nieuwsfeit: 20-04-2004
Bron: Business Wire
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( BW)(FL-CYBERADS)(CYAD)(CYAD.BE) CyberAds' Vineyards Country Club to 
Receive $33 Million Finance Package from Scripps Investments & Loans 
 
   Business Editors/High-Tech Writers 
 
   BOCA RATON, Fla.--(BUSINESS WIRE)--April 20, 2004--CyberAds, Inc. 
(OTCBB:CYAD) (Berlin Stock Exchange: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 
www.CyberAdsInc.com 
 
    --30--JAR/mi* 
 
    CONTACT: BZcom Marketing, Inc., Boca Raton 
             Mike Garfinkel, 866-208-6417 
             (Mike@bzcom.com) 
 
 
 
 
 
 

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