Large Industrial Building Project in Negotiations

Scandinavian House Development SA (“Scandinavian House” or the “Company”) is negotiating a big order from swedish Draget Gruppen AB ( for three industrial buildings. The delivery time is scheduled for 2014. The calculated turnover for all three buildings amounts to approx. EUR 2.5 Million. The contract for the first building is expected to be signed in April. Draget Gruppen AB is a Swedish construction company with a focus on development and owning industrial buildings mainly in are west of Stockholm. Draget Gruppen AB is an affiliate and shareholder of Scandinavian House.



Route d’Oron 2, 1010 Lausanne, Switzerland


Disclaimer; Forward-Looking Statements:

This announcement or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA contains forward-looking statements that are based on assumptions and estimations of SCANDINAVIAN HOUSE DEVELOPMENT SA. Words such as “estimate,” “expect“, “plan,” “project” and “will” and similar expressions identify such forward-looking statements. The actual results may differ substantially from such assumptions and estimations caused by various factors. These forward-looking statements speak only as of their dates and have been reasonable at that time. SCANDINAVIAN HOUSE DEVELOPMENT SA undertakes no obligation to publicly update or revise any forward-looking statements. This or any other statement from SCANDINAVIAN HOUSE DEVELOPMENT SA does not constitute an offer or a solicitation of an offer for the purchase or sale or subscription of any securities of SCANDINAVIAN HOUSE DEVELOPMENT SA in Germany, Switzerland or any other country. This statement constitutes pure information about the company. Each and any investment into securities, particularly into shares of young companies like SCANDINAVIAN HOUSE DEVELOPMENT SA, bears high risks including a total loss of the invested amount. Potential investors generally should consult a qualified advisor before taking any investment decision at all.