Project Location:
Kaniki Point Resort, Busuanga, Palawan, Philippines

Particulars:
1. 50 yr old American born national living overseas for 20 years
2. Married to a sweet Filipina for 17 yrs
3. Have Philippine Corp. 40% mine, 60% hers by as required by law named Gulfstream Enterprises Corp. (GEC)
4. GEC has 20 hectares (about 60 acres) with 1/2 mile sand beach frontage
5. Has 3 concrete bldg completed, fresh water spring, 8000 fruit trees and 400 mahogany trees planted since 1993
6. The Project Design is completed on 90 AUTOCAD drawings for 32 units, a Clubhouse with Pool, Fully equipped Dive Shop, self-contained Power, Water and telecommunication systems.
7. Environmental impact study & certificate in hand and study is featured in the book Hosts and Guests Revisited, Hardbound ISBN 1-882345-28-2 $62.50 Softbound ISBN 1-882345-29-0 $55.00:indicating the quality of work put into the project
8. Project feasibility, building permits and all other Gov. Req. are in hand
9. Zoned Beach and Forest Commercial; Reg. Name: Kaniki Point Resort
10. Appraised value by the independent firm Integrated Appraisal Corp in 1997 at $2.15 million, most likely would appraise a little higher today though the PESO has dropped by %50 since then
11. No liens or loans
12. Wife and I have 30 yrs Dive Instruction Experience, I’m a PADI Master Instructor
13. I have 25 yrs experience as a Construction Manager/Engineer
14. I have 3 years developing Dive Tourism and managing 6 dive shops and a commercial dive boat in the RED SEA off the Jeddah, Saudi Arabia Coast.
15. Have liquid assets of less than $30k, need $1 million to complete the construction.