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buxmaker

05/18/04 10:34 AM

#17333 RE: ceez #17332

Good news just out on GRDL-

B: Grand Lux Inc: Grand Lux Inc. (OTC.PK: GRDL) today announced that it has sign
d a letter of intent to purchase Emerald Bay Developments. ( M2 PRESSWIRE )

May 18, 2004 (M2 PRESSWIRE via COMTEX) -- Emerald Bay Developments is a
Caribbean based real estate company with a number of real estate development
projects in the Caribbean at the present time.

Emerald Bay Developments also brings to the table a management team that is
highly skilled and professional.

Emerald Bay will be purchased for shares in Grand Lux Inc. and become the Real
Estate development operating arm for Grand Lux Inc. within the Caribbean Region.
These projects will include both resort development projects as well as high end
condominium projects. Grand Lux believes that resort development alongside
proposed Marina Developments by Grand Lux, will be extremely beneficial and
profitable.