ACDL receives amended Investment Certificate from the Government of Vietnam

 ACDL receives amended Investment Certificate from the Government of Vietnam

PR Newswire

HO TRAM, Vietnam, April 4, 2013

HO TRAM, Vietnam, April4, 2013 /PRNewswire/ --Asian Coast Development
(Canada) Ltd (ACDL) today announced the formal approval by the Government of
Vietnam of all of ACDL's requested amendments to its Investment Certificate.

"This is a landmark day for the Ho Tram Strip," said ACDL Chief Executive
Officer Lloyd Nathan. "We would like to extend our gratitude to the Government
of Vietnam, the Ministries that have been involved in our amendment process,
and to the leadership of the Province of Ba Ria-Vung Tau who have been
extremely supportive throughout."

The Ho Tram Strip will ultimately include two integrated resorts with gaming
facilities and an additional three five-star resorts, a Greg Norman designed
championship golf course and other related real estate development, all set
along a 2.2 kilometer beachfront 164 hectare site, located approximately two
hours from Ho Chi Minh City.

Construction of the first phase of the Company's first resort is complete. It
includes 541 five star rooms and suites, world-class restaurants, gaming
facilities, convention and meeting space, luxury retail, bars, an
ultra-lounge, a spa, three swimming pools, beach facilities, and other leisure
amenities. ACDL is also currently constructing Tower 2 of the first resort
which will add an additional 559 five star rooms and suites. In addition, it
is constructing an 18-hole Greg Norman designed championship golf course.

"We are delighted and honored by today's confirmation of our Investment
Certificate amendment application and look forward to moving ahead with our
opening," said Mr. Nathan. "The resort is spectacular and we have a dynamic
and energized team on site ready to welcome our guests to Vietnam's first
integrated resort."

About Asian Coast Development (Canada) Limited:

Asian Coast Development (Canada) Ltd. (ACDL) is an international development
company specializing in integrated resort destinations. ACDL, through its
wholly-owned subsidiary Ho Tram Project Company Ltd, is the developer of the
Ho Tram Strip, a group of integrated resorts to be located on more than 400
acres of land and more than two kilometers of pristine beach in Ho Tram,
Vietnam and approved in an Investment Certificate issued by the Government of
Vietnam. With a focus on providing a personalized blend of excitement and
relaxation, the Ho Tram Strip will feature something for everyone, from lavish
entertainment to premium shopping and exceptional recreational facilities.

The first phase of its development will be Vietnam's first large scale
integrated resort and ultimately will include an 1,100-room, five-star hotel,
a world-class entertainment facility, restaurants, high-tech meeting space, an
exclusive VIP area, a championship golf course, as well as a variety of
beach-front recreation activities. Phase I of this development is scheduled to
open in 2013. It will be the initial component of the largest integrated
resort complex in Vietnam.

For more information about ACDL, please visit www.asiancoastdevelopment.com.



SOURCE Asian Coast Development Ltd

Website: http://www.asiancoastdevelopment.com
Contact: Matterhorn Communications for Asian Coast Development (Canada)
Limited, Matthew Underwood, Tel: +84 8 3838 5517, matt@matcomvn.com; or Ha
Nguyen, Tel: +84908184100, ha.nguyen@matcomvn.com
 
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