Name Change
In early 2018, the Company plans to file for a name change to Lighthouse Global Holdings, Inc.
Change of State Registration
Also, in early 2018, the Company plans to file for a change of incorporation to the State of Nevada.
Background of the new CEO
The Company will be led by Danny Barons Lim, whose background is as follows:
Mr. Lim entered the real estate industry in 1995, providing crucial database and research tools to
developers, banks, government ministries and offices, real estate agencies and agents. He is CEHA
qualified and has undergone an Integrated Land Planning Use by URA (Urban Redevelopment Authority,
Singapore). He has trained thousands of Agents, assisted and advised them in countless deals, including
both residential, commercial properties and hotels.
Being a sophisticated Technopreneur, he was an avid developer for technology. As early as 1998, Mr.
Lim was setting up Property Portals, Consumer online Supermarkets, and data mining. By 2010, he was
venturing into mobile apps for the property industry and by 2016 he was dabbling in social media apps
for charitable organizations.
He was also among the first from Singapore to venture into the US distressed property market in 2009.
Within 6 months, he had acquired 53 properties and achieved a 52% ROI the following year.
Subsequently, he raised another US $8M in 2 months and acquired another 521 properties. With
additional $3M for the acquisition and management of 192 multi-family apartment units. Thus, his
demonstrated expertise in asset acquisition and management.
As opportunities unfolded, he joined REDAS (Real Estate Developers Association of Singapore) as a
member and ventured into Project Development. Initially, he raised $4.25M to develop a 60-room Hotel
in Killdeer, North Dakota which became operational in October, 2014. After that, he continued the
acquisition of land in the US, particularly the State of North Dakota, Malaysia, and Indonesia, in
preparation for his next big Project Development using sharing economy and block-chain technology.
Scheduled Operations
The Company, under the leadership of Danny Barons Lim, the Company will proceed as follows:
Cryptocurrency Mining and Hosting Services
Lighthouse being in the forefront of trending technology will use Cryptocurrency as a venture to further its
expansion into the project development industry with Blockchain technology. To tap on the burgeoning market and
the ever growing demand of Bitcoin, Ethereum, Litecoin, and Ripple, Lighthouse had acquired powerful Mining
Machines to mine Bitcoins and others, where profitable. We plan to use the hosting of 2000 mining machines in
Western North Dakota (ND).
In ND, the practice of flaring by oil drillers is a common occurrence. It's a waste of energy and extremely harmful to
the environment. By harnessing the flaring power for our mining machines, we will turn something environmentally
harmful to something productive.
Sharing Economy and Blockchain Technology
Our core vision and focus will be on Project Development adopting a Sharing Economy with Blockchain
technology; working with landowners and resources from funding communities around the world, using smart
contracts and decentralized ledgers.
The idea of this sharing economy strategy is to reduce our liabilities as project developers to literally negligible,
which we believe will enhance Lighthouse's profitability. We will no longer require huge financing and loan
commitments to acquire assets as we will bring in land owners as equity partners. Simultaneously, we will guide
funding communities; angel investors, family wealth offices, fund managers, crowd funding, financial institutions
and banks, to jointly fund projects according to their mandates, preferences and comfort level.
Development: Negligible Liabilities and Higher Profitability
In this manner, building on our sharing economy business model, Lighthouse will no longer be restricted by the use
of its own funds. We will be able to engage multiple projects in the United States, Europe and Asia having the right
mix of 3rd party equity funding and debt instruments. Our revenue model will be based on collecting 20% sweat
equity on projects we successfully undertake, and collecting profit sharing when projects are completed.
We currently have several projects in our pipeline, both in United States and Asia. We will be acquiring the first
project, a 250 acres mixed development in Dickinson, North Dakota . This will enable us full operational control,
where we can test our 3-party collaboration platform, the Project Aggregator, rigorously before we open to
developers and governments all over the world.
Our first Targeted Project
Our first project is to develop a mix of 565 residential homes, 60 acres of commercial and retail lots. A Mega
Garden Mall with possibly, the largest indoor picnic ground in ND, will be built jointly with other partners on the
Project Aggregator platform. For this particular project, we had commissioned THK Associates, Inc. (“THK”), an
economic and market research and land and development planning consultant in the Unites States to conduct a
feasibility study report. The market analysis conducted by THK indicates that there is considerable demand for each
of the different uses of this project; and that the Dickinson market could fully absorb the project within a five-year
period, due to the continued lack of new "affordable housing" supply, brought on by the oil boom in the region.
