PUEBLO DE ORO IT ECOZONE

Pueblo de Oro IT Park is the first only information technology park in Mindanao duly proclaimed and registered with the Philippine Economic Zone Autority (Peza).Proclaimed an IT Ecozone by President Gloria Macapagal Arroyo in January 2005. Located beside Pueblo Business Park and SM City Mall and is also close to several residential villages and other facilities.Underground provision for cables and telecom facilities where telecom providers have put up their broadband nodes are in place. In addition, an interconnected electrical distribution system loop is connected to three Cagayan Electric Power and light co. (CEPALCO) substations, ensuring constant power supply.
STRATEGY: ITPI acquired one lot and reserved another lot in Pueblo de Oro development.( details of the purchase in documents attached)ITPI aim is to design to towers one for each lot but included in one single project.The construction phase, will start with a first building in the propriety acquired. This first building will be used also as market survey.If the market will respond positively to the project, ( we’ll be able to see it starting from the pre-selling phase), ITPI will proceed with the construction of the second tower.The target is the domestic market, affordable units ( different size, starting from studio type to 2 bedrooms).ITPI will financing the entire management.When the project will be authorized by the offices in charge of ( building permits) , ITPI will start to look for investors (bank or private investors) to join venture with and construct the buildings.