Emvelco Announces That Public Discussion Will Commence on Samobor Project in Croatia

2008-06-14 02:19:24 -

- Emvelco Corp. (NASDAQ:EMVL), the majority shareholder of the Atia Group Ltd., announces that the City of Samobor officially posted its decision that the making of an Urbanistic Plan of Organization shall be ascertained with respect to the development known as the "Samobor Garden." The public discussion for the City's approval of the Plan shall commence June 30th, 2008 and

be open for a period of thirty days until July 30, 2008. At the end of the Public Discussion period, the Conclusion will be published in the Official News of the City of Samobor.

The Mayor of the City of Samobor, Antun Dubravko Filipec, executed the Administrative Notice.

The Samobor Garden entails the development of residential condominium units.

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Emvelco Corp.'s actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

For Emvelco Corp.
Robin Ann Gorelick, 323-822-1750