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Intelligent Living Corp. Completes Centerpoint Discovery
Center Project in Tempe, AZ
January 29, 2007 |
VANCOUVER, BC -- (MARKET WIRE) -- January 29, 2007
-- Elgrande International (OTCBB: EGDI) announced
today that the Company's wholly owned subsidiary,
Intelligent Living Corp. (ILC) (www.intelligent-living.us),
recently completed a project to automate Discovery
Center, the sales and marketing center for the
planned 800-unit
Centerpoint condominium development underway
in Tempe, Arizona.
The $70,000 project includes an integrated
audio/video/security system utilizing Microsoft
Media Center (MCE) technology to drive six 63-inch
high-definition plasma screens showing lifestyle
pictures, floor plans for the project and special
event images. Also included are: two 7-inch touch
panel screens that replicate and control images on
two large screens, advanced video processing to
integrate four of the large screens into one
seamless image, and video cameras to record and
display cooking demonstrations in the development's
gourmet demonstration kitchen.
Michael Holloran, Chief Executive Officer of
Elgrande International, commented, "The
Centerpoint project has been recognized as a
design landmark development, and we are honored to
be part of the team. We were given the challenge and
a free hand to design and deliver a state-of-the-art
system that combines visual impact, technology and
utility. Our design contributes to the architectural
presentation, and the system gives audio/video
impact to the sales process and to prospective condo
owners. Going forward, we expect to be the preferred
supplier to the development for all home automation
solutions."
ILC has ongoing contracts and relationships with a
number of builders, primarily those developing
high-end condominiums and gated communities, and
established associations with industry leading
technology partners. ILC is expected to contribute
up to $4 million of revenue by the end of Calendar
2007 based on the work-in-progress and the typical
systems ordered.
About
Centerpoint Condominiums
Developed by Avenue Communities, designed for luxury
living and situated in downtown
Tempe (Greater Phoenix), Arizona, the
Centerpoint Condominiums will comprise of
800 condo homes ranging in size from 800 to 3,000
square feet in 4 high-rise towers. The complex will
include a 23,000-square-foot facility on the 7th
floor that will house a commercial-quality movie
theatre, a world-class fitness centre, and a
state-of-the-art commercial demonstration kitchen.
The ground floor will include a gourmet café and
grocery store and the complex will be home to the
first winery in greater Phoenix and the first winery
to be located within a residential community.
About Elgrande International
Elgrande International through its wholly owned
subsidiary Intelligent Living Corp. (www.intelligent-living.us)
specializes in designing, supplying, installing,
upgrading and servicing home automation and
commercial presentation center solutions including:
structured wiring, security systems, internet
access, lighting and HVAC control, and distributed
audio/video systems. The Company offers both wired
and wireless technology for single and multi unit
new construction and existing buildings, using both
traditional component and Windows Media Center based
systems. ILC has been supplying custom IT solutions
since 1994 and home automation solutions since 2003.
The Company has offices and demonstration suites in
Phoenix and Vancouver and ongoing projects in
southwest BC and the greater Phoenix area.
Safe Harbor Provision
This press release may include 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 statements
include, "Going forward, we expect to be the
preferred supplier to the development for all home
automation solutions," and are based on the
Company's current expectations as to future events.
However, the forward-looking events and
circumstances discussed in this press release might
not occur, and actual results could differ
materially from those anticipated or implied in the
forward-looking statements. Risk factors include,
lack of liquidity, availability of product,
uncertainty concerning market acceptance of its
designs, competition and other risk factors as
outlined in the Company's SEC filings.
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