International Land Alliance Expands Sales and Marketing Division with Key Leadership Hire and Headquarters Relocation
Rhea-AI Summary
International Land Alliance (OTCQB: ILAL) appointed industry veteran Charles Milles as Director of Sales and expanded its sales team, including three new sales managers. The Company is relocating its headquarters to a larger La Jolla facility and now holds 1,000 homesites with about $33 million in potential revenue, plus existing Tiny Homes and beachfront homes. Cumulatively, it has sold over 1,100 homesites, built nearly 150 homes, and reports a pipeline with projected gross revenues above $300 million.
Positive
- Inventory of 1,000 homesites with approximately $33 million potential revenue
- Over 1,100 homesites sold and nearly 150 homes built to date
- Projected gross revenues exceeding $300 million from the existing pipeline
- Appointment of experienced Director of Sales and three new sales managers
- Relocation to larger La Jolla headquarters to support sales expansion
Negative
- None.
News Market Reaction – ILAL
In the May 15 session, ILAL declined 5.00%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, CALIFORNIA, May 15, 2026 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) (“ILAL” or the “Company”), a global real estate investment and development firm, today announced that Charles Milles has rejoined the Company as Director of Sales. Mr. Milles, an original founder of Rancho Costa Verde with more than 20 years of real estate sales experience in Baja California, has already recruited three new sales managers and is actively building a high-performing team of real estate agents.
This strategic sales and marketing expansion will focus on the Company’s robust inventory of over 1,000 homesites at Rancho Costa Verde and Cabo Oasis. The recent acquisition of an additional 300 acres has significantly strengthened ILAL’s position, increasing total inventory to 1,000 homesites with approximately
As part of this growth initiative, the Company is relocating its San Diego corporate headquarters to a larger facility in La Jolla, California, to better accommodate the expanding sales team.
Frank Ingrande, President & CEO of ILAL, stated: “We are thrilled to welcome Chuck Milles back to the team. His leadership and deep knowledge of Rancho Costa Verde will be instrumental as we accelerate sales across our growing portfolio. While Chuck drives our land sales efforts from our new La Jolla headquarters, we continue to execute on custom home construction. To date, we have sold over 1,100 homesites and built nearly 150 homes at Rancho Costa Verde and Cabo Oasis, creating a strong pipeline with projected gross revenues exceeding
The Company is also actively recruiting additional sales professionals. Interested candidates are invited to visit the careers page at: https://www.ranchocostaverde.com/careers
About International Land Alliance, Inc. International Land Alliance, Inc. (OTCQB: ILAL) is a publicly traded real estate development company focused on acquiring and developing desirable land and real estate assets in Northern Baja California and Southern California. The Company’s mission is to deliver accessible, environmentally responsible housing solutions through innovative design and advanced technology for vacation, retirement, and investment buyers.
For more information, visit: www.ila.company
Media and Investor Relations Contact: Investor Relations info@ila.company (877) 661-4811
Safe Harbor Statement. The press release may include certain statements that are not descriptions of historical facts but are 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. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions, which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
