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SunVesta, Inc. / Results of Special Meeting of Shareholders and Closing of Sale of SunVesta Holding AG

May 20, 2019

TALLAHASSEE, Fla.--(BUSINESS WIRE)--May 20, 2019--

SunVesta, Inc. (OTC Pink: SVSA) (the “Company”) announced that the special meeting of its shareholders held on May 14, 2019 approved the sale of the Company’s wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc. and the subsequent dissolution of the Company. The votes in each case were 53,588,860 “For”, 8,105,852 “Against” and 100,000 “Abstain”. The closing of the sale of SunVesta Holding AG took place on May 14, 2019. At the closing, Humberto Pacheco-Alpízar and Dr. Max Rössler resigned as directors of the Company and Andrea Beck resigned as Secretary of the Company. Following the closing, the Company’s directors are Hans Rigendinger, Alex Rosenzweig and Gabriel Margent, and the Company’s officers are Hans Rigendinger, CEO and CFO, and Alex Rosenzweig, Secretary.

Shareholders may direct any questions they have to Alex Rosenzweig, Secretary, at alexr@equitechresearch.com.

*** This press release contains projections and other forward-looking statements that concern future events or future financial performance. These statements are based on the current expectations of the Company and are subject to uncertainty and changes in circumstances and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. The Company does not undertake any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Readers are cautioned not to place undue reliance on any forward-looking statements.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005729/en/

CONTACT: Alex Rosenzweig

alexr@equitechresearch.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: TRAVEL LODGING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: SunVesta, Inc.

Copyright Business Wire 2019.

PUB: 05/20/2019 02:51 PM/DISC: 05/20/2019 02:51 PM

http://www.businesswire.com/news/home/20190520005729/en

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