Wednesday, August 31, 2011 7:47:46 PM
Dear Loyal Shareholder,
We are sorry to report that we were not able to obtain financing to close the purchase of the Dimyat Hotel that we were so excited about.
We are continuing our due diligence on the remaining projects. We are aggressively pursuing financing for our select and diverse projects. We had hoped to start construction on the White Lagoon Resort project before winter returns.
We will try to update the website to reflect recent developments as soon as possible.
We are still working on finding a way to recycle those rubber tires.
Again, we would like to take this opportunity to thank all of our loyal shareholders, investors, and partners and look forward to sharing new and exciting Company accomplishments very soon.
Thanks for your patience,
TMSH
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