For Immediate Release
RRR DEVELOPMENT ANNOUCES STAKEHOLDERS EARN A NO RISK INSURANCE GUARANTEE INUPCOMINGS PROJECTS COMPLETION
(Las Vegas, NV – June 24, 2013) On June 21st, 2013 RRR Development receives confirmation that First American Title the leader in commercial services in US will provide project financing guarantees, title and escrow services in the amount of $120,000,000.00 for the RRR Development project in Downtown River District of Rockford, Illinois. This is a major part of the success of this project, property and acquisition (PPA) of the RRR program. It like receiving a No Risk Guarantee for principal investment into PPAs for our stakeholders and private partners cites Philip Pritchard and Lord Neil B Gibson of LNBG, LLC.
LNBG, LLC provides (for all its subsidiary companies and projects) investment insurance (guarantees) for all our projects, programs and acquisitions (PPA) in a wide variety of sectors, covering all regions of the world. We believe that transparency and accountability are fundamental to fulfilling our development mandate and to strengthening public trust with our private PPAs, stakeholders and our other client entities involved.
RRR Development Rock River Revitalization (RRR) is dedicated to the redevelopment of the Downtown River District in Rockford, IL. The program is funded by LNBG, LLC, and its group of partners and Stakeholders who provide the financial backing to the overall program. www.rrr-development.com
First American Title Insurance First American Title Insurance Company, a leading provider of title insurance , national commercial services and settlement services and the largest subsidiary of First American Financial Corporation (NYS: FAF) www.firstam.com
LNBG, LLC Is a privately held US-based company that operates domestically and overseas in global markets. We create, develop, own, and manage our projects, programs, and acquisitions as well as provide contract management expertise and advisory services. LNBG straddle several synergistic business sectors that enable us to achieve superior financial results while improving the economic and natural environments as well as the safety and security of our communities. We search for opportunities with outstanding potential that encompasses energy & infrastructure, real estate, and technology investments; building competitive profitable enterprises consonant with our values. www.lnbgllc.com
Cautionary Statement Certain statements contained in this press release are forwarding statements within the meaning of the private securities litigation reform act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted.
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