Island Breeze International, Inc. (IBII.OB) Enters Joint Venture and Investment Agreement
Island Breeze International Inc. is focused on developing and operating entertainment cruise projects. The company is currently evaluating port locations in East Asia for the establishment of its initial operations. Island Breeze announced today it has entered into a joint venture and investment agreement with a private investment group. Under the terms of the joint venture and investment agreement, Island Breeze International will form a new subsidiary for the purpose of acquiring an existing overnight cruise vessel to operate in East Asia. In addition, the private investment group has committed to make a $600,000 equity investment into the company. Furthermore,…