Crest Development Company

CORPORATE PROFILE

The founding company, Crestline Development Corporation's mission has been to develop and maintain a profitable and diversified portfolio of income producing properties in Canada together with running its subsidiary operations in Mexico and Florida where it is involved in all aspects of the Real Estate Industry.

The Company's experience in developing and re-developing unique, distinctive, quality properties focuses on condominium and office buildings, retail centres, retirement properties and some industrial as well as low to medium density residential. Some 60 development projects have been co-ordinated by the principals of the firm over the past 25 years.

Work began in the fall of 1983 to form a new, independent Real Estate operation and in February 1984, Crestline Development Corporation was incorporated. Later that year, a contract was signed with Mollenhauer Limited to create and operate a development company, as a separate profit centre from their 50 year old construction company.

Five years later, Mollenhauer Properties Limited had a staff count of well over 20 and a project volume in excess of $150,000 million. Operations included 3 successful joint venture relationships and numerous financial connections, largely as a result of Crestline leadership. In March of 1990, the operation was turned over to the family in good health with excellent prospects for the future.

Currently, Crestline has access to a diversified complement of Development Officers and Consultants, Architectural and Construction co-ordinators together with Marketing, Sales and Leasing representatives. In addition to Property Managing its own projects, this highly respected group is retained by various institutions and clients to develop, workout and operate a mixed portfolio of Real Estate.

Through Crestline Development Corporation's dedication to the creation of value and quality in the properties under their control, they have ensured the comfort and stability of a host of owners and tenants. Crestline will continue through leadership, integrity and service to ensure the success and happiness of their purchasers, tenants and clients while at the same time providing safe, strong investment opportunities for their investor partners.

Most recently, Crestline has joined with some of the most prominent consultants in Ontario to form an association whose purpose is to provide information, co-ordination, advice and business planning to companies or individuals interested in accessing Mexico and Latin America.

Further information is available on the background of the Company and its people together with details on its Mexican and Florida activities as well as packages on its Professional Property Management and Real Estate consulting services.