Cuentas Inc. announced that it is accelerating its Cuentas Casa sustainable community development initiatives with two new land purchase agreements, the first, a 28.4 acre lot, contemplated for development of a 370 multi-family unit apartment complex in Davenport, just southwest of Orlando, Florida, and the second, consisting of 27.2 gross acres of which 7.6 are to be set aside as a conservation area, contemplated for the development of 300 Cuentas Casa apartments, located on the Northeast coast of Florida, 31 miles south of Saint Augustine and 24 miles north of Daytona Beach. All permits and entitlements come with the properties, providing what management believes adds an additional edge to its rapid development initiatives, reducing costs and accelerating time to market through the entire development project. Management is accelerating its strategy and expects to move to definitive agreements within the next 90 days, then directly into development.

These moves are part of Cuentas Casa's initiative to take advantage of the financial pressure being put on traditional developers but utilizing the Company's cost-efficient, alternative building technologies to grow more aggressively in this challenging market. These announcements come on the heel of Management's recent announcement of its 28 acre Ocala initiative. The Davenport Property, slated to be the second Arden by Cuentas Casa property in development, is located near Orlando, Florida, and is designed to bring the Cuentas Casa concept of sustainability, accessibility, and affordability to an increasingly expanding market surrounding Orlando.

The second property is located in Palm Coast, between the tourist destinations of St. Augustine and Daytona Beach, and features access to the Flagler Beaches. Flagler Beach and Palm Coast, FL are home to beautiful beaches and miles of pristine shoreline.

Management released details on the two properties, along with proposed renderings of the Davenport development.