South American Properties, Inc. — 2013 Annual Shareholder Meeting Held; New Name Change and Company Direction Announced

DALLAS, Sept. 2, 2014 (GLOBE NEWSWIRE) South American Properties, Inc. (Pink Sheets:SAMP), is pleased to announce that the 2013 annual shareholder meeting was held on Dec. 31, 2013. At that time, the 3 proposals previously announced, which included adding 2 new members to the Board, adopting new Bylaws and amending the Articles of Incorporation, were voted on at the meeting and passed. Mr. Scott Horne delivered the new Corporate Vision and laid out the business plan for the company s new business venture. During this Shareholder meeting, SAMP received approval to change its name to LTV Funding Corp. This information is on the websitewww.southamericanproperties.com/annual-meeting-info.html. South American Properties had to cancel its investment opportunity in South America, as was previously announced, due to a shareholder s action. This was also the reason for the delay in this announcement. The new direction of the company is as an asset based or hard money lending company to residen
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