The process for approval for a project of this size has to be managed and presented within a strictorder of priority. Our presentations and planning are made up from a number of applications that are running parallel to each other. Our objectives are to continue to improve our design and provide everyintricate detail to ensure all the demands of the Town Hall planning officials are met whilst ensuringwe are sensitive to their time scales and work loads.

Schedule : The work referred to in the above is expected to be completed in the next few months, following this presentation decisions are given by the governing authorities within 60 days as to theapproval of the planning.

We have made some improvements to our concept plan that we are now working on with the allocated project team in the Town Hall.

We are working with our accountants and senior partners on a new exciting investment opportunity relating tocommercial and not residential which is planned to be launched in September, I will of course update all ourcurrent investors in due course.