According to a FIMA company spokesperson, "The Las Palmas section ofVeracruz is an extremely desirable location, and we are very pleased tohave this opportunity. Veracruz is the number one port in all of Mexico,and one of the country's fastest growing metropolitan areas. Based partlyon the desirability of the location, along with the growing reputation ofGarcia & Garcia in the region as a result of their growing portfolio ofprojects, we expect to be able to pre-sell the units within an extremelyshort time. As a result, our capital expenditure will be minimal. Also,lending policies in Mexico and Latin American have traditionally been muchmore restrictive, so unlike the real estate market in the U.S., that inMexico has been largely unaffected by the subprime fallout. Consequently,we are able to participate in a robust and growing sector that we feelcontinues to present excellent expansion opportunities. We believe thatthis latest project will add to our growing portfolio."

About FIMA, Inc.:

FIMA is engaged in a diverse range of land development andutilization activities, such as the acquisition of raw land and the designand construction of commercial and luxury real estate in theresort regions of Mexico, resource exploration anddevelopment in Central and South America, and the acquisition anddevelopment of mining properties and mining rights in Central and SouthAmerica. FIMA operates several subsidiaries, including a prestigiousarchitectural design and construction firm based in Puebla, Mexico, as wellas an integrated resource exploration and mining company with holdings inthe prolific gold- and silver-producing regions of Colombia. For moreinformation, visit the Company website at:http://www.fimadevelopmentinc.com.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forthabove may be forward-looking statements that involve certain risks anduncertainties that could cause actual results to differ from those in theforward-looking statements. Words such as 'anticipate,' 'believe,''estimate,' 'expect,' 'intend' and similar expressions, as they relate tothe Company or its management, identify forward-looking statements. Suchforward-looking statements are based on the current beliefs of management,as well as assumptions made by and information currently available tomanagement. Actual results could differ materially from those contemplatedby the forward-looking statements as a result of certain factors such asthe level of business and consumer spending, the amount of sales of theCompany's products, the competitive environment within the industry, theability of the Company to continue to expand its operations, the level ofcosts incurred in connection with the Company's expansion efforts, economicconditions in the industry and the financial strength of the Company'scustomers and suppliers. The Company does not undertake any obligation toupdate such forward-looking statements. Investors are also directed toconsider all other risks and uncertainties.