Dear All 

I would like to take this opportunity to apologise for not having contacted in the last few weeks, but have been waiting for confirmation of the following information before doing so. 

The Confotur is now in place....at last 

I was informed last Saturday that the long-awaited Confotur meeting occurred last Friday and that Punta Perla was given first stage approval and that the final stage was approved yesterday.  The immense size and complexity of Punta Perla are the reasons that the project was discussed in more than one meeting. Now that Punta Perla has obtained full and complete approval, the developer will contact you directly with the good news. This means that full construction will get under way imminently and that we can all look forward to some rapid progress. The developer will provide you with specifics on dates and build schedules in the near future as well. 

I am delighted to inform you that I had a very positive meeting with the developer last Friday as well as having been over to the Dominican Republic to meet with Ricardo Miranda, the President of Punta Perla Caribbean Golf, Marina & Spa S.A.  During my time with Mr. Miranda, we had the great honour of being invited to meet with President Leonel Fernandez, who graciously took time from his busy agenda to speak to us about the great importance of tourism for the Dominican economy and about how projects like Punta Perla are essential for strengthening this economic sector. 

The new Minister of Tourism, Francisco Javier Garcia, was also kind enough to allot us some time for a meeting.  Mr. Garcia echoed the thoughts of Mr. Fernandez with respect to tourism and the economy and went on to add that projects like Punta Perla would not only attract increasing levels of tourism but also serve to drive standards of accommodation, facilities and service levels higher and higher. 

As an emerging residential & tourism market the DR has provided us with a number of bureaucratic obstacles, which have impeded progress over the last two years. Nevertheless we have gone about everything in the correct and right way which means that as soon as we start building that because we have all permits in place for the whole project that we can forge ahead without any hitches. Other similar projects in the DR do not have approval across their whole projects and therefore have to go around the loops we have had to time and time again each time they plan a new phase. 

We are expecting that you will have been contacted directly by the developer by the 31st October. If you have not heard from them by then, please do not hesitate to contact us. In the mean time, I hope you will all agree that this news is great and that we all have much to look forward to with our investment in Punta Perla. 

Kindest regards
 
Mark Andrew
Emerging Earth Ltd