Kadestone Capital Corp. announced that it has entered into a non-binding letter of intent with Taisheng International Investment Services Inc. regarding the further development of the Qinghuangdao Economic and Technological Development Zone ("QETDZ") Industrial Park in Terrace, BC further strengthening the Company's building procurement business in Canada. The Qinhuangdao Economic and Technological Development Zone (QETDZ) Industrial Park project is a 1,200-acre industrial land development site in Terrace BC, owned by Taisheng. The long-term goal is to develop a manufacturing-oriented industrial park, which will be the first of its kind in Western Canada. Under the terms of the Letter of Intent, completion of the transaction is subject to a number of conditions including, but not limited to, negotiation of the transaction, the completion of due diligence on the QEDTZ property, negotiation and execution of the definitive agreement and satisfaction of the closing conditions. There can be no assurance that the transaction will be completed as proposed or at all.