Contact Development Corporation, Baker & McKenzie and other resort experts to offer insight on investing and developing in booming Mexico resort sector this December 5-7 in San Diego

SAN DIEGO, CA, October 7, 2005 - Real estate investors and developers interested in learning about opportunities for resort development in Mexico will want to mark their calendars to attend, "Resort Development in Mexico: Opportunities for Foreign Investment and Development", a three-day conference being held in San Diego this December 5-7 at the Coronado Island Marriott Resort.

The conference is being presented by Baker & McKenzie, the nation's largest law firm, and Contact Development Corporation, a specialist in resort development in Mexico. The two organizers have attracted a "who's who" of resort specialists to speak at the conference, all of whom are currently involved in developing resort projects in Mexico, including hotels, fractional/timeshare properties, golf clubs, residential resorts and mixed- use projects.

According to Jose M. Larroque, Partner, Baker & McKenzie, "Foreign investment and resort development in Mexico's touristic/resort real estate industry is booming. In the last 15 years, annual tourism in Mexico has grown from 4 million visitors to more than 20 million visitors. Moreover, for the relatively short time period from 1999-2004, foreign investment into Mexico's tourism industry has totaled approximately US$3.1 billion dollars and continues to trend upward."

The organizers expect that, by attending this seminar, attendees will walk away with the most reliable information and resources available to conceive, invest in and execute resort development projects in Mexico. Attendees will also make numerous invaluable contacts to assist them throughout the process.

"The time for a conference that specifically addresses resort development in Mexico "targeting" the American development and financial communities is overdue," says David G. Ellsworth, Chairman and CEO of Contact Development Corporation. "There are significant opportunities in Mexico for American developers, financial institutions and investors and for service providers to the industry."

Ellsworth adds that, "Attending this conference will provide a sound foundation for assessing where those opportunities are and how to bring resort concepts to market efficiently. Our speaker roster is loaded top to bottom with experts who are coming specifically to share their experiences and help attendees realize their Mexican investment and development ambitions."

Sessions to be presented include:

• Resort Development in Mexico 101: An Overview for Beginners
• Mexico Resort/Hospitality Industry Review
• The Anatomy of the Mexican Resort Development Deal
• Legal Aspects of Resort Development in Mexico
• Financing for Mexican Resort Developments
• Cross-Border Marketing & Sales of a Resort's Residential Components
• Mexican Resort Development and Investment Trends
• The Future: Where Do We Go From Here?

Two special keynote sessions will also be offered as part of the conference program:

"Mexico: Land of Opportunity, a Political Perspective", presented by Ambassador Jeffrey Davidow, former U.S. Ambassador to Mexico and current President, Institute of the Americas. Davidow is also author of "The Bear and the Porcupine".

"Mexico: Land of Opportunity, a Real Estate Perspective", presented by John McCarthy, Director General of Fonatur, the official real estate development and finance agency of the Mexican government.

The organizers suggest that this conference will be of greatest benefit to those in the American development and financial communities as well as real estate service providers to those industries who are already participating in Mexico's resort development industry or who are seriously considering taking advantage of these expanding opportunities, including: Resort developers, Hotel developers and operators, Timeshare developers and operators, Master-planned community developers, Real estate investors, Residential builders, Commercial builders, Foreign capital investors, Debt lenders, Architects, Landplanners & landscape architects, Golf course designers and construction firms, Real estate consultants and Real estate attorneys.

The conference will be held December 5-7, 2005 at the Coronado Island Marriott Resort in Coronado, CA, just west of San Diego. Complete information, including event registration, is available at www.mexicoresortdevelopment.com.

Conference sponsors include many leading firms in resort, real estate and golf course development that are successful operating in Mexico at this time, including: Fonatur, Alvarez & Marsal Real Estate Advisors Services, Diamond Golf International, Eiffel Construction, KMD Architects, Nicklaus Design, Stewart Title Guaranty de Mexico, The Beck Group, AIG Global Investment Group, Economics Research Associates, EDSA, e- group, inc., InterCommunications, Inc., Norton Consulting and GlobalHotelNetwork.com. The event is produced by Great American Exhibition.

About Contact Development Corporation
Contact Development Corporation (CDC) is a resort real estate firm whose principal services include: investment banking, real estate development and "cross-border" resort/residential marketing and sales, all to the domestic and international resort real estate industry. CDC's principal functions are facilitating the equity capital and debt financing for the development or acquisition of resort, residential, hospitality and mixed- use real estate projects, including whole ownership and fractional ownership projects, both domestically in the U.S. and abroad with a special emphasis on Mexico, Central America and the Caribbean as well as executing on the development on such projects. CDC has been involved in projects in Mexico since it was founded in 1986 and has maintained an office in Mexico City for the past 9 years as well as its headquarters in San Francisco, California. As it relates to Mexico, due to its long tenure and extensive involvement in the country, CDC is partnering with American resort developers and financial institutions to lead the way into new development and financing opportunities for such developers and institutions and, in certain cases, remain an active participant in the execution of such projects.

About Baker & McKenzie
Baker & McKenzie is the world's largest international law firm. Founded in 1949, it has more than 3,200 lawyers offering services in 38 countries, with 69 locations in the major cities and financial centers of the world. Its attorneys have extensive knowledge and professional experience to handle national and international legal affairs, being capable of providing highly sophisticated legal advice on any subject related to the law of their respective country.

Baker & McKenzie has had a presence in Mexico since in 1961.The firm has gained unrivaled expertise in a wide range of legal specialties to serve its clients. Currently, the firm has six offices throughout Mexico, including Mexico City, Ciudad Juarez, Tijuana, Monterrey, Guadalajara and Chihuahua. The Mexican offices of Baker & McKenzie are regularly involved in major real estate projects, including hotel, residential and resort development, fractional ownership and timeshare, construction. The firm also advises on related fields of law, including, corporate structuring, tax, financing, securities, environmental and labor, among others.

The firm is well known for the high level of specialization of its professionals. Partners and other members of the firm are recognized as the top professionals in their respective practice areas. It is the only firm in Mexico that has an integral highly specialized professional team which includes attorneys, accountants and economists, enabling the firm to respond to the legal needs of sophisticated companies operating in Mexico and abroad.

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For more information, contact:

Brian Sullivan
Great American Exhibition
Phone: 203.375.6371 Fax: 203.375.6485
Email: info@mexicoresortdevelopment.com
URL: www.mexicoresortdevelopment.com

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