1. o Cape Coral's; Fort Myers population growth is 6% per year o City's in the U.S. populations greater than 100,00 Cape Coral ranks 5th in US in growth o At build out, Cape Coral; Fort Myers will have a population of more than 400K o Cape Coral; Fort Myers is lee County biggest and fastest growing city. o The population of Cape Coral has doubled every decade since the city was incorporated o Since 1970 the population has increased 600%. o Cape Coral's property values increase just under 30% annually over the past 3 years o A devastating hurricane season isn't stopping people from building homes in Lee County o The county issued a near-record number of single-family home permits last month as the residential building boom continued unabated. o According Vice President of Lee Building Industry Association "What can I say; it's phenomenal, It has not slowed down,“ o Cape Coral's property value increase is second to Las Vegas, Nv. over that time period o Lee County's economic growth tops the rest of the nation's 200 largest urban areas, according to a national ranking by the Milken Institute. o 2nd Largest city in Florida as far as square miles of land (Jacksonville is #1) o In November the county issued 662 single family home permits - second only to June's 666 and a 63 percent increase from a year ago. o In October Cape Coral issued 573 permits o In November Cape Coral issued 430 permits, a 29 percent over 333 issued a year ago.

2. Growth Engine of Southwest Florida (summary) Strategically located on the gulf Coast of Southwest Florida, Cape Coral is one of the Nation's fastest-growing cities and the second-largest Florida city in land mass. With a growth rate of 6 percent per year - and adding about 10-thousand new residents annually - Cape Coral is now the fifth-fastest growing city in the U.S. with populations over 100,000 (US Census Bureau). A pre-platted community, Cape's population today (July, 2004) is 131,000. At build-out, the Cape's population is forecast to be more than 400,000. The city is also home to more than 3,200 businesses, a rapidly expanding base of industry and one of the nation's hottest housing markets. The median age is only 41, young adults outnumber retirees, 55% of the population is working age, and 85% of the workforce has a high school diploma or better. Founded in 1957 and incorporated in 1970, Cape Coral is a young city with a rich tradition of urban planning, cooperative government, sound infrastructure and cultural amenities. The most populous city between Miami and Tampa, Cape Coral is a peninsula of 115 square miles resting within the Barrier Islands of Sanibel and Captiva, on the western shoreline of the Caloosahatchee River, across from historic Fort Myers. It is a premier waterfront community with more than 400 miles of waterways, including 222 miles of saltwater access canals, 156 miles of freshwater canals connecting dozens of lakes, and 31 miles of shoreline. Cape Coral; Fort Myers is truly a subtropical paradise. The city's Economic Development Office markets Cape Coral as "Growth Engine of Southwest Florida," in recognition of its size, its growth rate and expansion potential, its well- developed transportation and technology infrastructure and its superior workforce. The Economic Development Office can be reached at 239-574-0444

3. Invest in Cape Coral! Background Information SW Florida has been experiencing exceptional growth for the last three years. Lee County appreciated at an average rate of approximately 25% last year. Cape Coral appreciated at an average rate of 35% last year (Feb. to Feb.). Lot prices have been increasing at about 10% per month lately. Cape Coral is now the number One growth city in the U.S. Some say the "Bubble" will burst. I say there will be no burst, but there will be a leveling out of the appreciation rate at a more reasonable figure, -eventually. However, that time is still a few years away. Here's the two major reasons why: Baby Boomers We all know the "Baby Boomers" are retiring. Great numbers are moving to warmer climates. The figures indicate this will go on for a number of years. The question is.

4. Where will they go? They're not going to choose California. The prices are off the charts. They're going to choose Naples for the same reason. They're not going to choose the Florida east coast. The land is gone, the Traffic is horrible, and again, the prices are too high. That leaves the Carolinas and the Florida Gulf Coast. ~ Bottom-Line.They're coming HERE! They also see the prices going up. Those that won't be retiring for 3-4 years are buying second homes now. Rather than pay more later. Construction Time == 12 Months Most people don't want to wait a year to build! Every second person walking into the model home asks the same question: "Do you have any spec homes." (Homes ready now). I watched a year ago as investors were contracting for home by the hundreds. I was worried that a year later there would be a. huge glut on new houses on the market and supply would heavily outweigh demand. Well, Now a year later there is no glut. Just a huge demand that is continuing,_ People don't want to wait a year. The fact is, in a year it's probably going to take 18 months to build. It's better than stocks. It's better than bonds, mutual fund, or commodities. It's investing in Real Estate and smart investors are coming from around the world to invest in the real estate in Cape Coral.

5. "AMBER" AND "DOVE" FLOORPLANS ON DRY LOTS ESTIMATED, LOTS MAY INCREASE Lot Purchase Cost $75,000.00 Estimated Closing Costs $7,000.00 Estimated Debt Service $10,000.00 Home Construction Cost $206,340.00 TOTAL ACQUISITION COST (TAC)$298,340.00 Pre Construction Appraised Value (PCAV) $330,000.00$325,000.00 Construction Loan Amount (CLA) @ 90% of PCAV $297,000.00$292,500.00 Initial Cash Investment (ICI) = (TAC-CLA) $1,340.00$5,840.00 ESTIMATED CONSTRUCTION COMPLETION TIME: 12 MONTHS Appraised Value at CO {Cert of Occpncy} (AVC) (1 year): AVCProfitAVCProfit Input Appreciation Percent= 15%$379,500$81,160$373,750$75,410 Input Appreciation Percent= 20%$396,000$97,660$390,000$91,660 Input Appreciation Percent= 25%$412,500$114,160$406,250$107,910 Cost To Sell - CTS (Doc Stamps, Title Ins., Sales, Ect.) Appreciation Percent= 15%$27,770$27,425 Appreciation Percent= 20%$28,760$28,400 Appreciation Percent= 25%$29,750$29,375 Profit (AVC-TAC-CTS)/ROI (Profit div by ICI) Appreciation= 15%$53,390.00$47,985.00 Appreciation= 20%$68,900.00$62,285.00 Appreciation= 25%$84,410.00$78,535.00 This is for example purposes only. These numbers represent close estimates and speculative market projections. Consult your CPA for precise reliability.