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BELIZE PROJECT CONCEPT I. The Intended Project The primary focus of this project is the development of a Sport Fishing /Scuba and Marina Resort Facility in the southern portion of Belize, Central America. The Belize “partners”, (Stewart / Steven Jeffery), hold Belize and American citizenship). Stewart & Steven Jeffery currently own property in the area to be developed and are willing to bring a portion or all of their property to bare on the project. Steven Jeffery has lived in Placencia, a resort village in Belize for the past 7 years. Stewart lives in New Orleans however was born in Belize. II. Basic Reasoning & Timeline We will take advantage of the world’s second largest living reef, (second only to the great barrier reef of Australia), migratory ocean fisheries and associated inland fisheries. The proposed area in which the resort is to be situated currently supports most of the major inland and ocean sport fish species. Sport fishing is well established in Belize attracting fishermen from all over the world. Scuba diving in Belize enjoys an extensive market, that is fully established. A number of the “diving” periodicals have rated Belize amongst the top 5 locations worldwide for certain types of diving. The Marina phase of the project is contingent upon the purchase of property currently available that is essential to the long-term plan we currently have in mind. Timeline for construction of the sport fishing/scuba resort is 12-18 months given a timely in country, shareholder setup and “political alignment”. The sport fishing resort will open for business as soon as possible in order to initiate cash flow and capture ongoing market share. The marina, given the land is still available at the time of capitalization, will be developed over a 3-5 year plan consistent with the political environment and other ongoing considerations that would have impact on the most effective entry into this market. III. Administration game plan The project will be set up as a Belize Corporation in order to meet the minimum requirements concerning repatriation of investment, government incentive programs and duty free importing of products and equipment necessary for the completion and operation of the project. “Ownership” in the project will be specified within the body of the Belize corporate documents or further by whatever means deemed necessary by the Board of Directors (Investors). Investors will be advised of the in country “options” by Steven / Stewart Jeffery concerning capital investment in materials, labor, equipment, political affiliation(s), environmental concerns, licensing, government incentives and specific legal requirements. It is estimated that the combined knowledge and “birthright” of the Belize partners will represent a 35% - 40% positive impact to the bottom line of the investment, due to their comprehensive understanding of working within the existing government and general population’s customary third world realities. IV. Capital Expenditure We calculate that the minimum investment necessary to insure sufficient initial capitalization is USD$750,000.00, which includes approximately $250,000 that will be used to purchase 38 acres of land. Approximately 2300’ of seafront in a bay with approximately 3500’ of riverfront. This property will be used as the basis of the long term Marina plan. An additional parcel of land will be purchased in the extreme southern portion of the country to facilitate a more expedient guest entry into the area via plane. The property we currently have isolated for purchase in this area consist of 19 acres at a cost of approximately USD$25,000. Corporate setup and initial “legals” is estimated to cost approximately $10,000 - $15,000, which will include applications for corporate incentive packages, tax holidays and duty free entry of products, equipment and materials. Remaining capital will be spent on the direct development of the sport fishing/scuba resort considering associated administration, labor, products, equipment and materials necessary for the completion and initial operation of the project. The Marina, which for the sake of this document is considered a long-term project, is dependent to a great extent on certain land acquisition(s) and will necessitate additional capital investment prior to development. The amount of additional capital is dependent on the extent of development that is considered prudent, given the factors affecting the area/project at the time further development is proposed. The Marina property being considered represents “safe harbor” (a bay) suitable for large yachts, sailboats, etc. This property is sub-divided and administratively ready for development. V. Potential for return on investment Due to an existing market within the sport fishing/scuba segments, positive cash flow is projected as soon as the project is completed and in operation. The area of intent is prime for this type project and there are no other accommodations currently in the area to address the sport fishing/scuba market. Another factor affecting profitability is tax in the form of tax holidays (no Belize tax for a prescribed period of time – usually 5 years, with a potential option for 10). We anticipate tax concessions will be granted within the Belize corporate incentive package. While the project is being developed we expect additional incentives concerning the waiving of import duty on certain materials and equipment. Belize is situated in the Caribbean and represents a haven for offshore banking. We project that the greatest percentage of funds spent and or made by this project will not be subject to US taxation and therefore much more lucrative concerning net overall profitability. VI. Due Diligence Although the concept of this idea is basically within this generalized summary we are aware that further investigation will be required in order to depict the financial viability. We are prepared to enter into the necessary investigation however this analysis will require “bridge” capital essential to the assembly of the information. It is also felt that a “point” person representing the investor(s) or the investor(s) themselves should view the area first hand covertly, (so as not to arise curiosity amongst locals) as quickly as is possible. The reason for this pre-project examination has to do with the potential for immediate action as seen through the eyes of the investor(s). We believe that the ultimate potential for this project is readily viewable given first hand observation. Contact: Stewart J. Jeffery E-mail: ricared@hotmail.com Voice: 504 251 3463 * INVESTMENT GROUPS WELCOME! SERIOUS INQUIRIES ONLY, CREDIT REFERENCES WILL BE REQUIRED! |
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| NEW ORLEANS | LA | 70185 |
 ricared@hotmail.com |
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