Suntex Enterprises Inc. Announces Formation of Wholly Owned Subsidiary, Red Spur Land & Ranch Co., Focused on Raw Land Acquisition and Development

Rhea-AI Summary

Suntex Enterprises (OTC: SNTX) formed a wholly owned subsidiary, Red Spur Land & Ranch Co., to pursue acquisition, holding and development of raw land in high-growth regions.

Red Spur will target large tracts (Suntex is reviewing opportunities exceeding 100 acres), ranches, development corridors and underutilized parcels for multiple future uses. No definitive agreements have been executed; the subsidiary may pursue improvements, entitlements and partnerships to enhance value.

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AUSTIN, Texas, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Suntex Enterprises Inc. (OTC: SNTX) today announced the formation of Red Spur Land & Ranch Co., a wholly owned subsidiary established to pursue the acquisition, holding, and development of raw land assets in high-growth regions.

Red Spur Land & Ranch Co. will serve as Suntex’s dedicated real estate platform, targeting strategic land positions with long-term appreciation potential and development optionality. The subsidiary will evaluate opportunities including large-tract acquisitions, ranch properties, development corridors, and underutilized land positioned for future residential, commercial, agricultural, or mixed-use value creation.

Suntex is currently reviewing multiple potential land opportunities exceeding 100 acres that align with Red Spur’s acquisition criteria. No definitive agreements have been executed at this time.

“Land is one of the most durable and dependable asset classes in the world,” said Javier Leal, CEO of Suntex Enterprises. “Red Spur Land & Ranch Co. gives Suntex a focused vehicle to acquire strategic real estate positions that can be held, improved, developed, or monetized over time. This is about owning quality dirt in the right paths of growth and creating long-term value for the company.”

Red Spur will evaluate acquisitions in markets experiencing infrastructure expansion, population migration, and commercial development activity, with an emphasis on properties that offer multiple future use cases. The subsidiary may also engage in selective land improvements, entitlement processes, and development partnerships where appropriate to enhance asset value.

The establishment of Red Spur is intended to provide Suntex with a structured platform for managing real property assets as part of its broader portfolio of operating subsidiaries. Over time, tangible asset holdings may contribute to the company’s overall asset base and corporate development initiatives.

By forming Red Spur as a standalone subsidiary, Suntex creates operational clarity around its real estate initiatives while maintaining flexibility to scale land holdings as opportunities arise.

About Suntex Enterprises Inc.

Suntex Enterprises Inc. (OTC: SNTX) is a diversified holding company focused on acquiring and operating businesses across multiple sectors including manufacturing, construction services, and real estate through its wholly owned subsidiaries. The company’s strategy centers on acquiring, building, and operating asset-backed and revenue-producing businesses designed to support long-term corporate growth.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding potential land acquisitions, future asset holdings, and corporate development initiatives. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. No assurances can be given that any contemplated transactions will be completed. Suntex undertakes no obligation to update forward-looking statements except as required by law.

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FAQ

What is Red Spur Land & Ranch Co. and why did Suntex (SNTX) create it on February 3, 2026?

Red Spur is a wholly owned Suntex subsidiary focused on raw land acquisition and development. According to the company, the subsidiary provides a dedicated platform to acquire and manage land positions for long-term appreciation and development optionality across multiple use cases.

What types of properties will Suntex's Red Spur target under the SNTX real estate strategy?

Red Spur will target large tracts, ranch properties, development corridors and underutilized land for residential, commercial, agricultural or mixed-use conversion. According to the company, criteria emphasize markets with infrastructure expansion, population migration and commercial development activity.

Has Suntex (SNTX) closed any land deals for Red Spur as of February 3, 2026?

No definitive agreements have been executed as of February 3, 2026. According to the company, Suntex is reviewing multiple potential land opportunities exceeding 100 acres that align with Red Spur's acquisition criteria but has not closed transactions yet.

How might Red Spur affect Suntex's (SNTX) corporate asset base over time?

Red Spur could add tangible real property assets to Suntex's balance sheet over time. According to the company, holdings may be held, improved, developed or monetized to contribute to the broader portfolio and corporate development initiatives when appropriate.

Will Red Spur Land & Ranch Co. undertake development or only hold land for Suntex (SNTX)?

Red Spur may both hold land and engage in selective improvements and entitlement processes. According to the company, it can pursue land improvements and development partnerships where appropriate to enhance asset value and create multiple future use cases.

Where will Suntex (SNTX) focus Red Spur's land acquisitions geographically and strategically?

Red Spur will prioritize markets with infrastructure expansion, population migration and commercial development activity. According to the company, acquisitions will emphasize properties offering multiple future use cases and positions along growth corridors to maximize long-term appreciation potential.