SunVesta Inc. (fka SVSA)

[andrius]

Wednesday, June 20 2007 9:53 AM, EST

Openlimit Signs Agreement to Acquire ZAG Holding AG

Business Wire "US Press Releases "

BAAR, Switzerland--(BUSINESS WIRE)--

Openlimit, Inc. (OTCBB:OPLM) ("Openlimit") today announced that it has reached an agreement to acquire ZAG Holding AG ("ZAG"), a privately held Swiss corporation, in exchange for 21,000,000 shares of Openlimit common stock.

The agreement further requires Openlimit to obtain shareholder approval of the transaction, effect a 50:1 reverse split of its outstanding common stock, increase the number of preferred shares authorized to 50,000,000 and permit ZAG to nominate three individuals for election to Openlimit's board of directors.

Openlimit intends to change its name to "SunVesta, Inc." and consummate the transaction as soon as practicable.

ZAG, based in Zug, Switzerland, is focused on identifying, purchasing, financing, developing and marketing luxury real estate tied to the international hospitality industry. ZAG is finalizing the acquisition of 8.5 hectares of prime property located in Guanacaste, Costa Rica, as the site for the development of a USD $120 million luxury resort and spa hotel, slated to open in November of 2009. ZAG is also seeking to identify other promising hospitality properties in emerging tourism markets that could suit its business model.

Openlimit is a public company currently without operations; its common shares are quoted on the OTCBB under the ticker symbol "OPLM".

Forward Looking Statements

A number of statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release because of certain exclusions under Section 27A (b). These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, and uncertainties related to the development of Openlimit's business model. The actual results that Openlimit may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Openlimit encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB. Openlimit's public filings may be viewed at www.sec.gov.

Source: Openlimit, Inc.