STERLING CAPITAL STERLING CAPITAL GROUPGROUP

Sterling Capital GroupSterling Capital Group is a private equity is a private equity investment group that invests in, syndicates and investment group that invests in, syndicates and helps its joint venture partners and/or helps its joint venture partners and/or buyer/acquisition institutions acquire first class buyer/acquisition institutions acquire first class hotels/gaming and lodging properties internationally. hotels/gaming and lodging properties internationally. Because of the extremely high demand, Latin Because of the extremely high demand, Latin American markets are the primary focus although all American markets are the primary focus although all markets worldwide are considered. Investments are markets worldwide are considered. Investments are joint venture syndicated complete with financing; or joint venture syndicated complete with financing; or outright acquisitions are arranged for its buyers and outright acquisitions are arranged for its buyers and clients. Minimum size acquisition deal is $5 million clients. Minimum size acquisition deal is $5 million and no maximum with preferences for $50 million or and no maximum with preferences for $50 million or above. Only properties that have a minimum net above. Only properties that have a minimum net operating income of 8% to 12% are considered. operating income of 8% to 12% are considered. Investors share equally. Investors share equally. (CLICK ON CURTAIN TO PROCEED)(CLICK ON CURTAIN TO PROCEED)

CONTACT USCONTACT US

Sterling Capital Group is a subsidiary of Pan-Continental Resorts S.A. a Sterling Capital Group is a subsidiary of Pan-Continental Resorts S.A. a Costa Rica Company licensed and chartered to do business worldwide. Pan-Costa Rica Company licensed and chartered to do business worldwide. Pan-Continental Resorts S.A. has joined several major luxury hotel owners in Continental Resorts S.A. has joined several major luxury hotel owners in presenting their properties for sale. Many financial institutions have presenting their properties for sale. Many financial institutions have expressed their willingness to participate in short or long term financing for expressed their willingness to participate in short or long term financing for our clients that desire to acquire these fine properties. In other words our clients that desire to acquire these fine properties. In other words Sterling Capital can provide an unprecedented high yield income Sterling Capital can provide an unprecedented high yield income opportunity for capable sellers, buyers as well as institutional and private opportunity for capable sellers, buyers as well as institutional and private groups ready to acquire debt and/or equity.groups ready to acquire debt and/or equity.

Sterling Capital Group; Pan-Continental Resorts S.A. c/o Pacheco Coto Sterling Capital Group; Pan-Continental Resorts S.A. c/o Pacheco Coto Attorney Firm. Attorney Firm.

Lic. Alvaro Leiva Escalante, 517, Avenida 11, Barrio Amon, San Jose, Costa Lic. Alvaro Leiva Escalante, 517, Avenida 11, Barrio Amon, San Jose, Costa Rica. Rica.

USA Contact- Continental Finance, POB 231464, Montgomery, AL. 36123USA Contact- Continental Finance, POB 231464, Montgomery, AL. 36123

continentalfinance@realcashlinks.netcontinentalfinance@realcashlinks.net Fax: 770-234-5535 Tel: 334-279- Fax: 770-234-5535 Tel: 334-279-75677567

MEMORANDUM OF UNDERSTANDINGMEMORANDUM OF UNDERSTANDING It is understood by all participants in this plan or any related plans on this web site or related web sites or businesses, individuals, corporations, institutions, brokers and/or principals that this is a mutual agreement. It is a mutual agreement of trust and confidence. It is a mutual agreement of confidentiality and contains all of the tenants of internationally understood rules of non-circumvention meaning that all sources shared confidentially are protected thereafter from direct contact with the principles in any and all transactions except those that are permission driven by the donor who remains in the loop and part of the transactions indefinitely. The only exceptions are cases in which the introduced party is already known to the party to whom he is being introduced. Further understood is the fact that Pan-Continental Resorts S.A.; and its subsidiaries Sterling Capital Group, Continental Finance, Continental Group and VIP Club, is a Costa Rica corporation duly licensed to operate internationally and to engage in all forms of finance, real estate, construction, development, commercial real estate sales and purchases using legal and professional ethics and standards throughout its operations. It is represented by competent legal consul who represents it internationally and can provide all legal services that new associates to this group require in order to close a contractual obligation. All parties to contracts for service, sales or purchase agreements are equally protected under Costa Rica law. Revenues are banked and audited in a prime Costa Rica bank that will pay profit shares as directed by the joint venture participant. All transactions that involve joint ventures and/or finance syndications are regarded as purchases of joint venture ownership equity in the project under syndication and not as investments such as in securities transactions. Pan-Continental Group S. A. does not sell stocks and bonds or securities from any country including Costa Rica. Any equity purchase will share proportionally the revenues from each project in which equity is purchased. Outright sales or purchases of properties will be arranged for completely turnkey including financing so that the buyer or seller can confine his efforts to decision making with complete oversight. Click applicable options on home page for further information. Please forward Confidentiality Agreement.

It is understood by all participants in this plan or any related plans on this web site or related web sites or businesses, individuals, corporations, institutions, brokers and/or principals that this is a mutual agreement. It is a mutual agreement of trust and confidence. It is a mutual agreement of confidentiality and contains all of the tenants of internationally understood rules of non-circumvention meaning that all sources shared confidentially are protected thereafter from direct contact with the principles in any and all transactions except those that are permission driven by the donor who remains in the loop and part of the transactions indefinitely. The only exceptions are cases in which the introduced party is already known to the party to whom he is being introduced. Further understood is the fact that Pan-Continental Resorts S.A.; and its subsidiaries Sterling Capital Group, Continental Finance, Continental Group and VIP Club, is a Costa Rica corporation duly licensed to operate internationally and to engage in all forms of finance, real estate, construction, development, commercial real estate sales and purchases using legal and professional ethics and standards throughout its operations. It is represented by competent legal consul who represents it internationally and can provide all legal services that new associates to this group require in order to close a contractual obligation. All parties to contracts for service, sales or purchase agreements are equally protected under Costa Rica law. Revenues are banked and audited in a prime Costa Rica bank that will pay profit shares as directed by the joint venture participant. All transactions that involve joint ventures and/or finance syndications are regarded as purchases of joint venture ownership equity in the project under syndication and not as investments such as in securities transactions. Pan-Continental Group S. A. does not sell stocks and bonds or securities from any country including Costa Rica. Any equity purchase will share proportionally the revenues from each project in which equity is purchased. Outright sales or purchases of properties will be arranged for completely turnkey including financing so that the buyer or seller can confine his efforts to decision making with complete oversight. Click applicable options on home page for further information. Please forward Confidentiality Agreement.

It is understood by all participants in this plan or any related plans on this web site or related web sites or businesses, individuals, corporations, institutions, brokers and/or principals that this is a mutual agreement. It is a mutual agreement of trust and confidence. It is a mutual agreement of confidentiality and contains all of the tenants of internationally understood rules of non-circumvention meaning that all sources shared confidentially are protected thereafter from direct contact with the principles in any and all transactions except those that are permission driven by the donor who remains in the loop and part of the transactions indefinitely. The only exceptions are cases in which the introduced party is already known to the party to whom he is being introduced. Further understood is the fact that Pan-Continental Resorts S.A.; and its subsidiaries Sterling Capital Group, Continental Finance, Continental Group and VIP Club, is a Costa Rica corporation duly licensed to operate internationally and to engage in all forms of finance, real estate, construction, development, commercial real estate sales and purchases using legal and professional ethics and standards throughout its operations. It is represented by competent legal consul who represents it internationally and can provide all legal services that new associates to this group require in order to close a contractual obligation. All parties to contracts for service, sales or purchase agreements are equally protected under Costa Rica law. Revenues are banked and audited in a prime Costa Rica bank that will pay profit shares as directed by the joint venture participant. All transactions that involve joint ventures and/or finance syndications are regarded as purchases of joint venture ownership equity in the project under syndication and not as investments such as in securities transactions. Pan-Continental Group S. A. does not sell stocks and bonds or securities from any country including Costa Rica. Any equity purchase will share proportionally the revenues from each project in which equity is purchased. Outright sales or purchases of properties will be arranged for completely turnkey including financing so that the buyer or seller can confine his efforts to decision making with complete oversight. Click applicable options on home page for further information. Please forward Confidentiality Agreement.

STRATEGIES FOR VALUE ENHANCEMENT DURING RECESSIONARY PERIODSSTRATEGIES FOR VALUE ENHANCEMENT DURING RECESSIONARY PERIODS

We believe that capital can be best utilized partially in repositioning hotel properties to take We believe that capital can be best utilized partially in repositioning hotel properties to take advantage of the turn around in approximately 18 months. The next 12 to 18 months advantage of the turn around in approximately 18 months. The next 12 to 18 months represents the ideal time to undertake a repositioning strategy. This recessionary period is represents the ideal time to undertake a repositioning strategy. This recessionary period is targeted to be 2009 thru 2010.targeted to be 2009 thru 2010.

We need to seek out properties that can be repositioned to achieve higher RevPars by We need to seek out properties that can be repositioned to achieve higher RevPars by branding or re-branding, management innovation, capital infusions and renovations to branding or re-branding, management innovation, capital infusions and renovations to surpass competition. This repositioning will be done during the next 12-18 months so that surpass competition. This repositioning will be done during the next 12-18 months so that we are ready for the upturn with distinctive guest services that beat the competition. The we are ready for the upturn with distinctive guest services that beat the competition. The little things are important. An excellent welcoming strategy that warms the reception and little things are important. An excellent welcoming strategy that warms the reception and arrival of every guest is paramount. A caring, smiling services agenda that pays attention arrival of every guest is paramount. A caring, smiling services agenda that pays attention to every guest as opposed to simply turning down sheets and putting a chocolate on every to every guest as opposed to simply turning down sheets and putting a chocolate on every pillow.pillow.

The renovating and branding strategy aims to offer an improved product in comparison to its The renovating and branding strategy aims to offer an improved product in comparison to its competitive set to achieve a rate premium. Once that is achieved and RevPars are competitive set to achieve a rate premium. Once that is achieved and RevPars are maximized the property is sold for a substantial profit. We have seen this happen many maximized the property is sold for a substantial profit. We have seen this happen many times in the past in all market categories.times in the past in all market categories.

Financing considerations are important. Given the present volatility in the debt capital Financing considerations are important. Given the present volatility in the debt capital markets, enhancing an assets ability to get financed greatly improves investor appeal. markets, enhancing an assets ability to get financed greatly improves investor appeal. Therefore, a differentiated property with strong in place RevPars and cash flows has Therefore, a differentiated property with strong in place RevPars and cash flows has greater appeal to the investment community and after implementing our repositioning greater appeal to the investment community and after implementing our repositioning strategy the mark up of the asset opportunity will insure financing and sale of the asset at strategy the mark up of the asset opportunity will insure financing and sale of the asset at a profit. We should seek multiples of 2-3 times in 3-5 years. We can arrange financing at a profit. We should seek multiples of 2-3 times in 3-5 years. We can arrange financing at about 50% of price or appraisal value whichever is lower. about 50% of price or appraisal value whichever is lower.

Depending on the market and profile of the asset, investor groups such as institutional funds, Depending on the market and profile of the asset, investor groups such as institutional funds, owner operators, REITs and high-net-worth individuals will be attracted to a repositioned owner operators, REITs and high-net-worth individuals will be attracted to a repositioned hotel. Repositioning during the next 12 -18 months in this low market recession will help hotel. Repositioning during the next 12 -18 months in this low market recession will help to build more leverage at the exit time.to build more leverage at the exit time.

Therefore, there may be no better time than now to buy or develop with an eye to Therefore, there may be no better time than now to buy or develop with an eye to repositioning the asset in the market place to achieve greater value with the same asset.repositioning the asset in the market place to achieve greater value with the same asset.

STERLING CAPITAL GROUP MISSION SUMMARYSTERLING CAPITAL GROUP MISSION SUMMARY

The Sterling Capital Group seeks to deliver optimum results for the buyer, The Sterling Capital Group seeks to deliver optimum results for the buyer, seller and end user of carefully selected real estate properties possessing seller and end user of carefully selected real estate properties possessing excellent trailing 12- month cash flow to facilitate debt if required; and a excellent trailing 12- month cash flow to facilitate debt if required; and a conservative pro forma cash flow for the next three to five years that will conservative pro forma cash flow for the next three to five years that will produce higher than average cash flow and multiples of principle of from 2-produce higher than average cash flow and multiples of principle of from 2-3 times.3 times.

Sterling will match the equity partners with the excellence of top Sterling will match the equity partners with the excellence of top management companies that have proven their ability to provide distinctive management companies that have proven their ability to provide distinctive services in any market tier whether it is top luxury or medium priced services in any market tier whether it is top luxury or medium priced properties that offer excellent profit potential as well.properties that offer excellent profit potential as well.

Sterling works with the top banks, hotel management companies and Sterling works with the top banks, hotel management companies and international investment management companies to fully syndicate international investment management companies to fully syndicate acquisition options for all interested principals.acquisition options for all interested principals.

Sterling takes the management of your capital very seriously and always Sterling takes the management of your capital very seriously and always with the risk-rewards agenda taking top priority. Sterling matches the with the risk-rewards agenda taking top priority. Sterling matches the people, the capital and the expertise to achieve superior results by taking people, the capital and the expertise to achieve superior results by taking the due diligence in each venue down to the marketing and services at the the due diligence in each venue down to the marketing and services at the lowest levels thus making all levels of current and future management of lowest levels thus making all levels of current and future management of supreme importance.supreme importance.

If you are a private or institutional buyer or seller or simply want to be an If you are a private or institutional buyer or seller or simply want to be an equity participant in highly leveraged opportunities, join the Sterling Capital equity participant in highly leveraged opportunities, join the Sterling Capital Group by contacting the president with contact details in this presentation.Group by contacting the president with contact details in this presentation.

CLICK BACK TO HOME and send Confidentiality agreementCLICK BACK TO HOME and send Confidentiality agreement