Loreto Bay Company Announces Major Milestones at Tianguis Tur'istico 2006

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. October 14, 2008

LORETO BAY, Baja California Sur, Mexico, March 20, 2006. Loreto Bay Company, in partnership with FONATUR, Mexico's tourism development agency, is developing The Villages of Loreto Bay, an authentic Mexican seaside community in Baja California Sur. The company will be announcing significant updates happening in the region of Loreto Bay at the Tianguis Tur'istico 2006, Latin America's most important tourism trade show that drives the marketing for Mexican tourism. Following is a brief summary of Loreto Bay Company's important announcements:

. To date, more than 600 homes have been sold, representing nearly $300 million in sales. After selling out the Founders' Neighborhood, the first nine phases that will comprise The Villages of Loreto Bay, Loreto Bay Company began to offer last October, homes in Agua Viva, a new neighborhood right along the Sea of Cort'es with a vibrant confluence of human habitation and a series of regenerated estuaries.

. One percent of homes sales continue to be donated to the Loreto Bay Foundation, a non-profit dedicated to serving the economic and social needs of the historic town of Loreto. With the current pace of sales, approximately $3 million has been pledged to the Foundation, which has begun to distribute grants to charities affiliated with Loreto to assist them in their efforts towards creating a better community. The first donations were used to enhance services at Loreto's hospital; other grants include support for animal welfare, health services, education, job creation, economic development, urban planning and environmental awareness.

. In the last year, tourism to the Loreto Bay region has increased exponentially. To improve the tourism offering in the region, Loreto Bay Company and Citigroup through a joint venture purchased the 155-room Camino Real Resort, located near Baja's historic fishing village of Loreto. The property, now the Inn at Loreto Bay, will undergo extensive renovations to begin this year. Planned renovations include full beautification of the property grounds, fitness facility upgrades and major improvements to all hotel rooms. The focus on sustainable development in the region heavily contributed to Citigroup's decision to participate in this venture.

. For visitors who desire spacious accommodations, the rental program of The Villages of Loreto Bay will allow visitors to stay in beautifully furnished vacation homes. Launching in early 2007, visitors looking for one, two and three bedroom villas in various locations - waterfront, golf course, courtyard and mountains - will be able to begin making reservations this fall.

. Loreto Bay Company successfully launched its first learning vacation, "Building with Adobe," to educate visitors on the environmental focus of the destination. The experience provides visitors the opportunity to spend an unforgettable long weekend in Loreto Bay while learning about the growing use of adobe and compressed earth block as a building resource. This learning vacation is the first of many ecotourism learning vacation products that Loreto Bay Company will be launching in the years to come. Others will focus on topics such as organic farming, sea turtle exploration and Baja flora.

For more news and information on the Villages of Loreto Bay, please visit

www.loretobay.com.