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Dear Fellows:

All soccer fans have been lately very excited about the Korea World Cup 2002. We couldn't be less at Tampa Bay area. We enjoyed every match enormously and congratulate the winners but also all the teams for their professional performance.

Speaking about excitement. Recent news in Tampa Bay are exciting! George Damiani, Power Legal Advisory's CEO recently was at the radio station Super Q, 1300 AM,.and he said that the Florida Association of Realtors reported that in St. Petersburg, Tampa and Clearwater market homes were sold last May 2002 an 8% up compared with May of last year. The average selling price was 5.5% up for the same period of time.

Besides, according to the last June reports of the Federal Reserve, no change on the rates is expected, which will help to the growth of the market of construction and sales of homes.

Did you know that Florida International University ranked two Tampa Bay Area beaches as one of the top five beaches in the Country? Fort De Soto Park, near Saint Petersburg was ranked number 4 and Caladesi Island Estate in Dunedin was placed number 5.

Tampa Bay has been named Florida's mega economic development market of the year by "Southern Business and Development", a trade magazine.

All these data and statistics are really promising . They allow us to predict and again remark that Tampa Bay area real estate market has and will have in a short future a solid and safe base for investing on properties.

We would like to take this opportunity to announce the acquisition of the site for the new development: "Ocean Harbor". This magnificent project will result in 24 single-family custom built houses located in Town and Country, Tampa. Excellent category for a casual life style. This is our most recent accomplishment that we are very proud to release and it is a great satisfaction for us to share it with you!

See you soon!

Liliana Damiani