Balance - May 2008


Credits (Entrance) :

· Land Sales........................................... :  L$  18,000
· Rental Houses.......................................:  L$  34,800
. Rental Comercial Land..........................:   L$    8,000
· Stock Options Sale...............................:   L$   20,000
. Land Sales ABA Real State....................:   L$ 145,000
. Total of Credits in May 2008...................:  L$ 225,800

Debits (exit) in First Quarter:

· Tier Land Saint Tropez.........................:    L$   36,900
· Tier Land Beach Houses.......................:    L$   24,000
· Tier Land Ocean Breeze.......................:    L$   30,000
· Tier Land Trindade SIM........................:    L$   10,600
· Wage leaf...........................................:    L$   25,000
· Total of debits ....................................:    L$ 216,500

. Net Profit........................................... :    L$  99,300
. Shareholders dividends........................:    L$   4,180
. Cash Flow May.....................................:   L$  95,120



Sabbas Mills
CEO