The Largest House Boat Resort in the U.S. is Being Planned
Rhea-AI Summary
Token Communities (OTC:TKCM) said on October 10, 2025 that its wholly owned subsidiary ASC Global began joint-venture discussions on October 7, 2025 with American Software Capital to co-develop a house boat resort called Paradise Island, Florida.
ASC plans to use its ADU house-boat product from its APOZ business park projects in Texas as rental units operated by ASC Global. The announcement frames the arrangement as a development and rental-operation opportunity; no transaction value, binding agreement, timeline, or financial guidance was disclosed.
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News Market Reaction
On the day this news was published, TKCM declined 13.98%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TKCM is Teaming up with ASC to co-develop Paradise Island in Florida
TAIPEI, TAIWAN, 2654 / ACCESS Newswire / October 10, 2025 / ASC Global Inc. is a wholly-owned subsidiary of Token Communities ( OTC ID / Stock Symbol:TKCM ) on October 7th, 2025 has started a J.V. discussion with American Software Capital ( D/B/A American Softbank Capital ) to co-develop the largest house boat resort project on Paradise Island, Florida.
According to David Champ, president and CEO of the company, as ASC Global Inc. is working on an ADU Space Capsule Prefab home project at its APOZ ( Asia Pacific Opportunity Zone ) business park in Texas, and house boat just happens to be one of the ADU ( accessory dwelling unit ) products it offers, therefore it makes perfect business sense to utilize this house boat product on the Paradise Island project in Florida. These house boats will be operated as rental properties and operated by ASC Global Inc.
For any further information, please contact Mr. David Champ 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 did Token Communities (TKCM) announce on October 10, 2025 about Paradise Island Florida?
Will ASC Global operate the house boats for TKCM's Paradise Island project (TKCM)?
Does the TKCM press release provide a timeline or financial terms for the Paradise Island JV?
What product will TKCM/ASC use from its APOZ Texas business park for the Paradise Island project?
Who can investors contact for more information about the TKCM Paradise Island project?
