Objectives

The Company's development efforts are focused primarily on fully integrated five star resorts, although select business oriented boutique hotels with extensive amenities in prime city locations are currently under consideration and development.

Each property will be unique in its personality, style, design and facilities. A Palmerston Resort will typically include hotel accommodation, conference facilities, spa, golf and country club facilities, exceptional food and beverage and residential real estate development.

Financial stability will be assured by superior financial returns to shareholders and investors and by the enhancement of assets through the resort positioning in the market place, together with on-going investment in training, brand enforcement, marketing and promotions.