BALANCE JUN 2008

Credits (Entrance) :

· Land Sales.....................................: L$ 65,000
· Rental Houses................................: L$ 35,100
. Rental Comercial Land....................: L$   8,000
. Land Sales ABA Real State..............: L$  92,000
. Rental Lands ABA Real State...........: L$  24,000
. Difference stock option sales May....: L$    5,000
. Total of Credits in Jun 2008.............: L$ 229,100

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$   12,480
· Wage leaf......................................: L$   28,000
. Purchase of land............................: L$    6,000
· Total of debits ...............................: L$ 137,380

. Net Profit....................................... : L$   91,720
. Shareholders dividends....................: L$    4,580
. Cash Flow Jun.................................: L$   87,134

Regards

Sabbas Mills - CEO