Developments

Formation of LAGOinvest Florida

Berlin: January 21st, 2005

* Today, Lagoinvest announces the formation of LAGOinvest Florida partnership LLC.,which acquired 41 acres consisting of a golf course in a prime residential community in Bradenton, FL.

* Bradenton ranks in the top cities for growth in the US.

* LAGO plans to build a high quality community consistent with the existing residential area where the golf course lies, the name of the area is called Village Green.

* LAGO looks to build 200 homes on the site.

* For more information contact Scott Clark @ 941 962 1997 or email: scottclark@lagoinvest.com. President of LAGOinvest Florida.

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