OTCReporter.com: WDAS Corporation to Seek Growth at the Infrastructure Asia Conference & Exhibition ...

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Issue# 1705


November 18, 2009


WDAS Corporation to Seek Growth at the Infrastructure Asia Conference & Exhibition 2010

NEW YORK, NY--(Marketwire - 11/18/09) - World Assurance Group (Pinksheets:WDAS - News ) announced today that its subsidiary Anav Holdings Corporation intends to pursue growth in Central, South and Latin Americas, Mexico, Africa, Middle East region and in the Asia-Pacific region particularly in Indonesia.

The "Infrastructure Asia Conference & Exhibition 2010" (IA 2010 -- www.infrastructureasia.com ), will be held directly alongside and in conjunction with the UNESCAP "Asia Pacific Ministerial Conference for Infrastructure Development" (UNESCAP 2010 -- www.unescap.org ) to be hosted by the Indonesian Government in Jakarta, April 14-17, 2010.

WDAS intends to attend the events which will be attended by official delegations from the country members of UNESCAP. Among the invitees are Ministers from each Asia Pacific country (including Russia), joined by over 500 senior infrastructure procurement officers and 7000 buyers from the region.

The importance of sustainable infrastructure for Asia has never been more important than today, as governments throughout Asia look to large scale infrastructure projects to deliver lasting development solutions for their countries' future growth. The success of the upcoming UNESCAP 2010 ultimately rests on the collaborations that can be achieved between public and private sector in attendance.

For WDAS, the timing and opportunity couldn't be better for promoting US - European industry as well. Over 30,000 sq ft will be available to the private sector within the exhibition with over 1,500 senior government and business leaders expected to attend the conference where the topic of discussion among the Ministers will be the UNESCAP estimates of a required annual infrastructure overhaul of Asia in excess of US$600 billion. As Indonesia has one of the largest populations it is a perfect platform for WDAS to promote itself and products throughout Asia.

Jonathan B. Morgan, the president of WDAS, stated, "Economic growth in the emerging markets may truly help fuel gains; there is quite a good likelihood of continuing growth for several years. WDAS intends to invest and bring products from North America and Europe to meet any need. It is critical for WDAS to participate in the growing emerging markets in order to establish itself as a global player in sustainable building products."


WORLD ASSURANCE GROUP, INC
Stock Symbol :: WDAS
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WORLD ASSURANCE GROUP, INC (WDAS)

World Assurance Group through its wholly owned subsidiary Anav Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers.
Recent Price $.26
Market Capitalization $468K
Est Float N/a
Outstanding Shares 1.8M
Quotation OTC.PK

World Assurance Group Inc.
Anav Holdings Corporation
183 Madison Avenue
Suite 1719
New York NY 10016


Phone: 212-613-6329
Fax: 212-560-2283
http://www.anavholdings.com
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Current Projects
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World Assurance Group recently announced that its subsidiary Anav Holdings Corporation in conjunction with its Ecuadorian projects intend to build new construction and homes out of revolutionary new building products which are environmentally green. The new products significantly reduce the time and cost of construction as well as eliminating the waste, therefore, causing a positive impact on the environment especially in comparison with stick build methods. The Company is presently working with Sustainable Green Corporation to develop homes in Mexico.

World Assurance Group Announces Development Contract on Self Storage Site

World Assurance Group has announced that its subsidiary ANAV Holdings Corporation has signed a letter of intent with NFL PA, LLC. The Company has signed a proposal to enter into a purchase agreement for a 45% membership interest for 4.5 acres in Tacoma, Washington. The property is a proposed '881 Third Generation' (self-automated, modern, institutional quality self storage) unit project. When completed, the multi-story facility will contain 879 climate-controlled units with a state of the art digital video security system.



Company Overview
World Assurance Group, Inc. (OTC.PK: WDAS)

Anav Holdings Corporation is a Real Estate Investment Company that is publicly traded on the US OTC under the symbol: WDAS. Anav’s plan for building a viable long term real estate investment company is focused on taking advantage of the distressed commercial and cash flowing real estate opportunities found in the United States, Latin America, the United Kingdom, Canada and Germany.

The downturn in the global economy coupled with the downturn in global real estate markets due to sub-prime mortgages and the general state of the economy has created incredible opportunities for investors focused on real estate investments. The ability to take advantage of these economic conditions is what is valuable to Anav Holdings Corporation.

Anav Holdings Corporation, though its subsidiaries, participates in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying asset(s).

Philosophy

The real estate market is in a state of dramatic transition with rapid depreciation across all asset classes nationally and globally. With the failure of many of the nation’s most powerful financial institutions, lenders and investors alike have incurred significant losses, setbacks and failures. These events have significantly changed the perspective, philosophy and investment strategies of many investors the effects of which rippling through the global economy causing temporary dislocations, creating opportunities that Anav feels it is poised to take advantage of.

The aftermath of the rapid depreciation of the real estate market has altered the investment environment and created one of the best buying opportunities in 3 generations. Investors can no longer assume that their real estate investments will always continue to appreciate. The ability of a real estate investor to leverage their investments and afford negative cash flow anticipating rapid real estate appreciation is gone. Anav Holdings Corporation has adopted an investment philosophy with the understanding that the days of highly investments with the hopes of rising capital values are gone for the foreseeable future. They have devised and adopted new approaches and appropriate strategies that effectively address and allow them to successfully navigate this new landscape to achieve very attractive risk adjusted rates of return on our capital investments. These effects of global deleveraging and the credit crisis have not put an end to real estate investing but rather have created new opportunities for the real estate investor.

Anav Holdings Corporation realize that the current real estate market conditions have created an environment whereby the most attractive property is not always the most profitable. Well kept property does not guarantee property appreciation. Buying property below market price requiring rehabilitation in a stable area does mean built in appreciation. Profitability is the first asset selection criteria.

The strategy of property acquisition is simply price and profitability. Another consideration in Anav’s evaluation of a property acquisition cost are the property taxes and all possible tax reduction strategies.

The old axiom of Real Estate was “location, location, location,” however; Anav Holdings Corporation axiom is “price, price, price.” Based on our price and profitability approach, the intention is to acquire properties that once rented will generate positive cash flow.

They combine established partnerships with local area brokers and the USA Wealth Institute to assist us in due diligence review and analysis. Leveraging these resources provide them valuable new real estate analysis tools to thoroughly understand the economics for each market Anav plans to acquire properties in.

Anav’s strategy is to eventually maximize income potential regardless of market conditions. All property acquisitions will generate monthly revenues for Anav either through immediate resale of the property or rental of the property. As market conditions change, property analysis for each property will determine whether Anav will continue to hold or sell the property. This strategy will keep Anav liquid, while continuing to generate monthly income and profitability regardless of market conditions.

Vision

The US, Canadian, German and British market were targeted specifically due to their low cost of entry and the fact that the larger cities found in these Countries have very strong rental markets. These circumstances provide income opportunities for Anav with each property acquired. The low cost of entry provides strong ROI (Return on Investment), opportunities as well as long term real property assets that generate positive monthly revenues.

The financial goal of Anav is to leverage up to an initial $5,000,000 investment into a company with a balance sheet in excess of $10 million in assets after its first two years of operation. Anav aims to achieve this goal by acquiring up to 250 properties by the end of


our second year in operation. By acquiring these properties as rentals we anticipate generating monthly net revenue in excess of $100,000. Primarily, revenue is derived from two streams of income:

  • Short Term Solution to Meet Liquidity Needs
  • Bridge Finance Up To 50% LTV

The eventual purchase of properties and/or mortgages backed by real estate at discount below intrinsic and replacement cost on an unleveraged basis, may provide Anav the ability to significantly reduce investment risk.

Anav intends to eventually acquire real estate, build a portfolio and maintain a 100% capital preservation on every property transaction that it would be involved in. Anav’s associates intend to conduct the following due diligence on each individual asset prior to acquiring the asset: on-site BPO (broker price opinion) Appraisal (with pictures), encumbrance report, loan documentation review, risk assessment report (analyzing borrower, property, zip code, etc.)

The company commenced operations in June 2009 and currently, through their network, have access to capital for conducting their business purposes. Organized under the laws of Nevada, they intend to conduct substantially all of their business through their subsidiaries generally under the designation Anav Holdings Corp.

LEADERSHIP

Jonathan Morgan, President and Director

Mr. Morgan is currently President of JB Morgan Ltd. operating in commercial and residential real estate from 1990 to the present. Mr. Morgan has been involved in over $500m USD of transactions in real estate since he started his career in the United Kingdom in 1990. He has also been involved in real estate transactions throughout Europe specializing in Germany. Mr. Morgan has focused in both the investment and development of residential and commercial sectors of and has been involved in the sales of multi-family properties, income producing office buildings, single family private residences, and sites for redevelopment. He has developed tailor made real estate services for private high networth individuals and their companies. Mr. Morgan is licensed real estate broker and has held his United Kingdom License since 1989 and his New York License since 2008.

Shelley Schonfeld, Secretary and Director

Ms. Schonfeld has previously held roles as the Head of Human Resources at the Blackstone Hotel, Mansfield Hotel and Cosmopolitan Hotel in New York City. Ms. Schonfeld resolved complaints, conducted investigations into any potential unfair labor practices, and assisted in gathering information necessary to respond to any labor, legal, or unemployment issues. She was involved in the coordination of all property-level employee disciplinary actions, ensuring consistent adherence to government and hotel guidelines. Ms. Schonfeld has grown up in the real estate business and has been involved in all levels of management, and administration for many years.



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