2.24.2010 Progress Update - prudent delay

(February 24, 2010)

Crystalina is fully designed and permitted. The fill has been placed, and the house pad has been compacted.

We remain extremely excited about this project, and about the future of the high-end market. Out of prudency, we have decided to delay commencement of significant construction until a sale and closing of Acqua Liana takes place. Should a buyer of Crystalina desire to proceed with the project before the sale of Acqua Liana, we are ready when you are.