ASC Global is Moving Forward on Paradise Island Project
Rhea-AI Summary
ASC Global Inc., a subsidiary of Token Communities (OTC:TKCM), has completed the architectural design for Phase One of the Paradise Island development project in Florida. The project stems from a Letter of Intent (LOI) signed with American Software Capital in October 2024 for a 165-acre premium development site located on Peace River, Arcadia, Desoto County.
The Phase One development, situated on 22 acres of peninsula land near Sunny Breeze Road and Paradise Golf Course, will feature 180 units of high-end steel-structure waterfront townhouses, along with amenities including a restaurant, retail space, marina, community pool, and scenic pond. The companies are currently discussing a co-development plan for the project.
Positive
- Completion of architectural design for Phase One marks significant project milestone
- Premium location on 165 acres including peninsula and islands near Gulf of America
- Comprehensive development plan including 180 high-end waterfront units and multiple amenities
- Strategic location between Sarasota and Naples with waterfront access
Negative
- No financial terms or project costs disclosed
- Project still in early stages with only LOI signed, no final agreement
- Significant execution risks associated with large-scale real estate development
- Multiple regulatory and construction approvals still needed
News Market Reaction 1 Alert
On the day this news was published, TKCM gained 2.94%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Paradise Island Phase One Design is now completed
BRADENTON, FLORIDA / ACCESS Newswire / September 19, 2025 / ASC Global Inc. is a wholly-owned subsidiary of Token Communities (OTC ID / Stock Symbol:TKCM) is announcing the completion of the architectural design of Paradise Island's Phase One development project.
According to David Champ, president and CEO of the company that ASC Global Inc. executed a L.O.I. with American Software Capital (ASC) in October 2024 to acquire the Paradise Island Project in Florida, it is a 165 acres premium development site, consisted by a peninsula, two larger islands and several smaller islands. Paradise Island is located on Peace River, Arcadia, Desoto County, north of Charlotte Harbor and Gulf of America (South of Sarasota and North of Naples). The proposed Phase One development is located on the Peninsula part right off Sunny Breeze Road and Paradise Golf Course, it will have 180 units of high-end steel-structure waterfront town houses, restaurant, retail space, marina, community pool, scenic pond and others on 22 acres of the peninsula portion. A co-development plan is now being discussed between American Software Capital and ASC Global Inc.
For further information or assistance, please contact the company at (631) 397-1111
Forward-Looking Statements
Certain information set forth in this presentation contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Token Communities Ltd.
View the original press release on ACCESS Newswire
FAQ
What is the scope of Token Communities (TKCM) Paradise Island Phase One development?
Where is the TKCM Paradise Island development project located?
What is the total size of TKCM's Paradise Island development site?
When did Token Communities sign the LOI for the Paradise Island project?
What is the current status of TKCM's Paradise Island development?
