Dear Investor

 

With great pleasure, We would like to provide you with the latest news about the development of the most exhilarating resort on the Black Sea coast!

 

One year ago Thracian Cliffs had entered advanced negotiations with one of the most prominent global hotel networks with the intent to brand the anchor hotel with one of their top 3 global brands. Thracian Cliffs encountered unexpected conditions and decided to search for equivalent or better alternatives.

 

On June 16, 2008, Thracian Cliffs signed a Management Agreement with GHM Singapore, the operators of acclaimed resorts with names such as The Chedi, The Datai, The Setai and The Serai hotels. We trust that your investment will benefit from this global luxury resort brand’s association with the Thracian Cliffs resort. You may wish to look at their websites www.ghmluxuryhotels.com as well as www.ghmhotels.com

 

One of the GHM contract conditions required the appointment of Denniston International Architects and Land Planners from Kuala Lumpur, Malaysia.

 

Belgium born Jean-Michel Gathy, the company’s president and CEO, ranks among the World’s Top 3 resort designers. See www.denniston.com.my

 

Denniston will design the 60-suite Chedi hotel, the 30-unit Chedi Club Suites, the 90-unit Chedi Residences, the 30 Chedi Villas, the 2,000m2 Beach Club, the 3,000m² Gary Player Clubhouse and the 4,000m² Healing Spring Spa.

 

We are convinced that his appointment will add material value to your investment.

 

As Thracian Cliffs sold nearly all units of THE HILLSIDE RESIDENCES and THE MARINA VILLAGE, we are now launching the sale of

 

Denniston International will complete the exterior and interior design of this development that consists of 9 buildings with 40 residences and a variety of 5 different floor plans.

 

You may wish to take advantage of our offer stating that the first five buyers will benefit from a 10%-Early Bird price.

 

The developers will complete THE HILLSIDE RESIDENCES and THE MARINA VILLAGE in spring 2009; we expect to send you confirmation of ACT 15 of Buildings 1-4 in Marina Village and all Hillside Residences in December 2008 and of ACT 16 in spring 2009. Act 15 & Act 16 for block 7 in Marina Village is expected in April – May 2009. We are currently determining the interior design components, commonly known as the Furniture Package and will send you our proposal as soon as we feel sufficiently positive about design, quality and value.

 

However we have found a company based in Bulgaria who is able to offer all these mortgages but with less set up costs.

The company is called Credit Center: www.creditcenter.bg

 

 

Additional positive information entails the appointment of Braemar Golf, a professional firm based in St Andrews, Scotland. Braemer counts amongst the foremost companies for the development, maintenance, and operation of world class golf courses. See www.braemargolf.com

 

Thracian Cliffs expect to be able to play the first 9 holes in summer of next year and the completion plan foresees the full operation of the 18-hole Gary Player signature course for summer 2010.

 

 

Sincerely yours,

Asta Bridge International Properties Team