Exclusive Cruises and Resorts (XCLU) Message Board

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Microcap & Penny Stocks : Exclusive Cruises and Resorts (XCLU)

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To: jhild who wrote (601)	8/1/1999 6:53:00 PM
From: Dr. Microcap	Read Replies (1) of 644

Great Post; Jhild , & here is what XCLU shareholders should expect near term! The Hotel Brazil project is going to be financed via a construction loan for renovation & expansion along with new long term financing. I'm told that a proposal for the loan commitments has been submitted and that XCLU could hear something next week. Upon approval the Hotel Brazil will be transfered into a new LLC that XCLU owns 51% of. After renovation is completed the Timeshare sales will begin of 50% of the Hotel Rooms. As for the Audit the December 31, 1998 books are complete and the Auditor should start on them in the next two weeks. He is going complete a six month interm thru June 30, 1999 as well. The Lawyers will start form 10 some time in September with it being filed sometime in late October early November 1999. The auditors name from last years interm June 30, 1998 is Kurt D. Saliger No: 1-702-367-1988. He will also due the Audit for yearend 1998 as well as interm June 30, 1999. <eom>

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