( BW)(FL-CYBERADS)(CYAD)(CYAD.BE) CyberAds' Vineyards Country Club to
Receive $33 Million Finance Package from Scripps Investments & Loans
Business Editors/High-Tech Writers
BOCA RATON, Fla.--(BUSINESS WIRE)--April 20, 2004--CyberAds, Inc.
(OTCBB:CYAD) (Berlin Stock Exchange:CYAD) , a diversified holding
company that specializes in land & real estate development and new
consumer products & services, announced today that The Vineyards
Country Club, a gated, luxury motor coach country club near Palm
Springs, CA in which CyberAds has a 22% equity interest, will receive
a $33 million finance package from Scripps Investments & Loans. The
announcement was made today by CyberAds' CEO, Walt Tatum.
Scripps Investments & Loans, a private lender based in La Jolla,
is one of California's leading privately funded trust deed lenders,
originating over $300 million in real estate secured loans since its
inception in 1999, through a network of approximately 250 investors.
The new financing is scheduled to close by Friday, April 17, 2004. The
funds will be used to finish phase one of The Vineyards, as well as
improve the commercial property adjacent to the luxury motor-coach
resort community.
About Scripps Investments & Loans:
Scripps provides financing for real estate acquisition and
development, construction loans, condo conversions, and commercial and
multi-unit residential income properties. For additional information
on Scripps Investments & Loans, call (858) 866-6300 or visit the
website at http://www.scrippsil.com.
About CyberAds, Inc.
CyberAds is a diversified holding company that specializes in land
& real estate development and new consumer products & services. The
company currently offers or plans to offer products and services in
such diverse areas as luxury country club development, gated community
development, golf course development, telecommunications, cutting-edge
financial services, and Internet marketing. For additional information
about CyberAds, Inc., please visit the company Website at
http://www.CyberAdsInc.com
--30--JAR/mi*
CONTACT: BZcom Marketing, Inc., Boca Raton
Mike Garfinkel, 866-208-6417
Mike@bzcom.com