Developer David V. Johnson Acquires Biras Creek Resort

Virgin Gorda, British Virgin Islands

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. October 14, 2008

BLOOMFIELD HILLS, MI, NOVEMBER 3, 2006. Pam and David V. Johnson of Victor International Corporation have announced their acquisition of Biras Creek Resort in the British Virgin Islands - one of the Caribbean's premier resorts. Plans include an immediate renovation of all guest room suites. Victor has designated Mike Deighton as Interim General Manager for Biras Creek effective October 16, 2006.

Biras Creek is situated on a stunningly beautiful peninsula on Northern Virgin Gorda with dramatic views and unrivalled physical beauty. The only access is by helicopter or water. It consists of 33 luxury suites, which will be totally refurbished and upgraded by December 2006. A new spa facility, enhanced marina and docks as well as the addition of a luxury villa are in the immediate plans to meet the ever-changing needs of the luxury traveller, whose interests include adventure and ecotourism.

Commenting on the resort, David V. Johnson said, "Biras Creek perfectly complements our portfolio and philosophy with its relaxed luxury environment and the exceptionally friendly and professional staff who are dedicated to exceeding our customers' expectations. Our passion for the BVI keeps us focused on our goal to be God's caretaker of the land and to leave it better than we found it."

Pam and David V. Johnson are committed to the success of the BVI and are proud to continue the strong history created by Bert and Analia Houwer while transforming this leading boutique hotel into an even more phenomenal travel destination. According to Pam Johnson, "The renovated Biras Creek suites will feature a more simple, sophisticated, comfortable and elegant d'ecor and will capitalize on the outside beauty."

Recent accolades for Biras Creek include: named one of the 2006 Top 10 Hotels for Service in the Caribbean, Bermuda, and the Bahamas region by Travel + Leisure, and rated #6 of the 100 World's Best Hotels - 2006 by Luxury Link. The selection is based on service, facilities, location, uniqueness of property, and overall levels of luxury.

Brenda Homick, Director of North America Relais & Chateaux, states, "We are enthusiastic about the opportunity to work with the Victor International organization though Biras Creek. The resort's combination of charm, character and especially its cuisine embodies the soul and spirit of Relais & Ch^ateau."

Russell Harrigan, Chairman, BVI Tourist Board says, "We are proud to be associated with Pam and David V. Johnson and their company, Victor International, with its 30 years of experience of high quality, low density resort development which parallels the world-class quality and long-term goals of the BVI."

The US-based Victor International Corporation is an award-winning real estate, resort development and management company which has a tradition for creating 'unique living environments in ecological harmony with the land'. Victor International's accomplishments include the prestigious Bay Harbor Resort located in Bay Harbor, Michigan and Turtle Lake, located in Bloomfield Hills, Michigan.

Victor International is comprised of a group of companies with interests in four specific areas:

Developing upscale master planned communities.

Creating and building world-class community amenities, including the Bay Harbor Resort & Marina, Hotel and Conference Center; the Bay Harbor Yacht Club; the Bay Harbor Equestrian Center; and the boutique retail and dining facilities at the Village of Bay Harbor.

Developing unique corporate/commercial environments.

Conducting brokerage business specializing in resort properties and luxury residences, commercial leasing and rental management.

For more information on Biras Creek Resort and Victor International Corporation visit www.biras.com; www.victorintl.com; www.bayharbor.com; and www.turtlelake.com.