KSI Capital participates in a $5.4 million loan to developer of Fiji island resort*

Paramus, NJ, March 11, 2004 — KSI Capital, a direct private lender based in Paramus, New Jersey, USA, makes its first entry into the South Pacific market with a $5.4 million loan to Taunovo Bay Limited, the developers of Taunovo Bay, a luxurious resort community under construction on the southern coral coast of Fiji’s main island, Viti Levu. The loan will enable the developers to complete construction of beachfront villas.

This loan is the perfect example of KSI’s willingness to go anywhere the deal is. Taunovo Bay will offer an incomparable oceanfront setting with properties that will be in high demand.

The master-planned community of Taunovo Bay will offer spacious 4,000-square-foot luxury villas situated on 1-plus acres of beachfront property nike air rift trainers with direct ocean frontage and spectacular ocean views. Each estate has its own private pool, a jetted spa, and is surrounded by magnificent tropical landscaping.

The community will be adjacent to the Taunovo Bay Resort and Spa, a luxury five-star resort which will be managed by Rosewood Hotels & Resorts, one of the world’s leading boutique hotel operators. There will also be a private owners club and spa managed by Rosewood.

On completion, Taunovo Bay will span more than 750 acres of freehold land, including one-and-a-half miles of coastline with four white sand beaches. The community and adjacent resorts will offer extensive amenities for recreation, water sports, health club, tennis, golf at a nearby Robert Trent Jones Jr. course and access by a short boat ride to Nanuku Island , an uninhabited private island available exclusively to Taunovo Bay estate owners and guests of the Resort & Spa.

According to Mitch Hagerman, CEO and managing director, Taunovo Bay seeks to set a new standard in design and luxury in the South Pacific with beachfront villas designed to mimic the traditional Fijian village while combining world-class tropical architecture with all of the features of modern technology and convenience.

Most traditional lenders will not consider funding foreign commercial real estate projects such as Taunovo Bay due to the risks and complexities that fall outside the scope of their expertise. KSI’s expertise allows them to make a quick assessment of a potential loan scenario, undertake the due diligence, and make a decision quickly to let the borrower know where they stand.

For more than two decades, KSI Capital has provided financial expertise and guided its clients through complex loan processes. The company Chaussure de Foot Magasin has an international reputation for its lending expertise and ability to devise innovative strategies to deal with commercial property workouts, foreclosures, acquisitions, refinancing, bankruptcies and related situations. KSI’s excels at managing multifaceted loan transactions, resolving potential problems with innovative solutions, and assessing complex risk scenarios.

An increasingly wide range of borrowers, from land-use developers to resort builders, entrepreneurs, and major businessmen, have turned to KSI, obtaining financing from $1 million to $50 million. KSI can make loan commitments in as little as 24 hours, and close in as little as 10 days.

While specializing in commercial real estate loans, KSI has expanded its scope of lending to include a wide range of enterprises, including Acheter Air Jordan Pas Cher amusement parks, high-profile golf courses, tv and radio stations, airlines, and sports complexes, among others. Their extensive knowledge base and solid reputation has seen them manage everything from the most complex of financial transactions to simple acquisitions, workouts, refinancing, bankruptcies, and foreclosures.