PropGOLuxury Closes Financing Round

by Gordana Davila on 2 July, 2012

in Company News

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PropGOLuxury.com, one of the world’s leading luxury property marketing platform for English & Chinese readers, announced the close of private placement transaction to further expand their broad range of luxury property media services.

“We appreciate our luxury property audiences’, clients’, and internal teams’ support. We will continue to work hard to deliver more value added services on a continual basis,” said George Varvitsiotis, Managing Director, PropGOLuxury.com.

“This is a strong validation our company’s business model which has realized sequential triple digit revenue and earnings growth since launching in late 2009. We will leverage this new growth capital to further expand business at each level.

This is only the beginning of our new global expansion process, and more transformative events will be coming over the next several months,” concluded Varvitsiotis.

Founded in 2006, PropGOLuxury.com represents tens of thousands elite properties from over 35 countries. The company was created to fulfill the high demand of an affluent Chinese consumer base requesting exclusive properties from around the world.

China represents the world’s largest and fastest growing population with more new millionaires being created than at any time in history. China’s new elite are seeking access to luxury properties and items from around the world.

From Luxury Homes in China to Villas in the South of France and Golf Course resorts in the United States: PropGOLuxury.com claims to offer its visitors the best selection of exclusive luxury real estate from every corner of the earth.

 

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