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[QUOTE]Originally posted by FatherOfTwo: [QB] Grand Lux, Inc. Signs Letter of Intent to Purchase World Hockey Association Corporation ORLANDO, FL -- (MARKET WIRE) -- 07/18/2005 -- Grand Lux Inc. (OTC: GRDX), today announced that it has signed an letter of intent (LOI) with World Hockey Association Corporation to purchase the company for stock. Upon completion, the present board of directors of Grand Lux, Inc. will resign and be replaced by the directors of World Hockey Association, which includes among others R. (Butch) Goring and Robert Marvin Hull. Grand Lux, Inc. will be spinning out all current assets into Marinas International Inc. and will provide Grand Lux, Inc. shareholder a one (1) share dividend of Marinas International Inc., for every ten (10) shares of GRDX. The Marinas International Inc. new symbol and dates will be announced in the near future as they become available. About Grand Lux, Inc. Grand Lux, Inc. is a company that focuses on upscale real estate development around the world. Its emphasis is on building marinas for large yachts, being 160 feet and above, and developing and pre-selling real estate whether condos or villas to the yacht owners. The benefits of our company offerings are manifold. It is a recession-proof industry and many yacht owners have already expressed a strong interest in purchasing berths in the marinas. Thus, appropriate real estate will be developed to meet their needs. [/QB][/QUOTE]
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