In recent weeks the momentum in and around the Los Congos Resort Community project has increased dramatically. Several government agencies and the local press are officially announcing their support of our incredible project. INTUR, the Minister of Tourism and Development, MARENA and INETER are just to name a few.

An agreement has been reached with INTUR (the tourism administration) and the Minister of Tourism which will publicly announce the unilateral support and assistance between Laguna, SA (developer of Los Congos), the pueblo of Diria and the INTUR office itself. This formal agreement will be announced and celebrated in coming weeks at a televised press conference. Terms of the agreement include support of the pueblo of Diria by the Los Congos project's efforts and the formal signing by Laguna, SA of a business "Code of Conduct" - which states our commitment to proper business practices and avoidance of "gray area" business dealings. In addition Laguna, SA and Diria are pledging to begin extensive job and career training efforts through INTUR in conjunction with a massive national marketing and advertising campaign for the project. This is an incredible boost to our already excellent program and we at Laguna, SA are excited about this arrangement.

At the heart of our recent escalation into the Nicaraguan and International development scene is Ausberto Narvaez, former Minster of Tourism and Development for Nicaragua for the past 7 years under the past 3 presidents. Ausberto Narvaez has been named Vice-President of Laguna, SA and has taken the reigns as our Director of Public Relations and has gotten our voice out there to the masses. He is a true professional and has made great strides in increasing the awareness within the various government agencies of our project's impact on Nicaragua from environmental protection, reforestation, animal protection, tourism and social standpoints. He is an asset to Laguna, SA and we are very proud to have such a distinguished and revered person on our staff.

We would also like to share that recently, Jeffrey Finch, was invited to a personal one-on-one meeting with Vice-President Jaime Morales in his offices in Managua. Talks centered on the environmental practices surrounding the Los Congos Resort Community and how Laguna, SA can be a model for other developers in Nicaragua. Mr. Morales has a special interest in the Laguna, he had one of the first homes built on it's shores over 40 years ago. He was extremely happy about the fact that our reforestation efforts and no hunting policies are bringing the animals and forests back to the laguna. The meeting, though informal, was equally gratifying for the new administration as well as Laguna, SA. This is further proof of this new administration's efforts to support foreign investment and increase Nicaragua's attraction as a secure place to travel to as well as invest. We have future meetings scheduled with other new administration members in the coming weeks, including a meeting with Daniel Ortega.

Please check back for additional updates each week.