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ANNOUNCING CAROLINA SANDS OCEANFRONT RESORT

Now that our current project Bahama Sands Beach Resort is virtually sold out, we are pleased to announce our intention to begin taking non-binding Reservation Requests for Carolina Sands Resort, a new condominium project scheduled for completion in 2009.

The site for these New Oceanfront condos is 1717 South Ocean Blvd. in the Crescent Section of North Myrtle Beach. This is the most desirable section of the beach, famous for being so wide that it is never crowded, and offers a view of the entire North Strand. Nearby neighbors include Crescent Shores, Crescent Keyes, Bluewater Keyes, South Shore Villas and Bahama Sands.

Carolina Sands features a variety of Two Bedroom and Three Bedroom condominiums and a preliminary price list is attached, but all Reservations are non-binding.

Plans call for direct view units and angled view condos on each of the nine floors. Upgrades abound at Carolina Sands to create the best vacation experience and maintain the high standard set by Bahama Sands Beach Resort, our other new pre-construction property. Vacationers will enjoy consistent high quality interior features such as 16'' ceramic tile floors, granite counters, upgraded appliances, plus LCD TVs in both kitchen and an Oceanview living room. There are 4 Outdoor Pool facilities (Swimming Pool, Lazy River, Kiddie Pool, and Hot Tub) and 4 Indoor Pool facilities of the same design.

Construction will continue throughout 2008 with delivery in 2009, almost two years away. Our site plan will be filed in September before new building restrictions take effect, making future development much more difficult on the few parcels of beachfront that are not already developed. This scarcity of new oceanfront condos will reward the owners of Carolina Sands Resort when the building is completed in 2009.

If you are interested in receiving a contract to consider purchasing at Carolina Sands, fax this non-binding Reservation Request to us at 843-272-2753. You will have the first opportunity to own at Carolina Sands, receiving the best price and the best selection. We send monthly updates until completion, but please call anytime you have any questions.