Our recognition and trust from our loyal domestic and overseas investors, accompanied with our extensive experience and background and dealing with U.S. hospitality has assisted us in the execution of many complex hotel transactions in excess of 50 million dollars per transaction. Past few years has been very rewarding for our organization as we have represented many buyers and sellers exclusively in various hotel transactions.

Looking into the future, we are very excited about the challenges which lie ahead. We anticipate new hotel developments in the west coast. We also expect an ever increasing demand from our clients to locate perfect hotel properties that matches their specific requirements.
We are looking forward to a great deal of repeat business in the years to come from our existing clients.
Our reputation in the industry as premier hotel brokers will continue to bring new clients from abroad. We will constantly monitor the changes in the hospitality industry and continue to analyze their effects on us and on the company's ability to compete and excel. We are aggressively searching for growth opportunities.
As part of our expansion into new ventures; since saving and loan associations have decreased their involvement in arranging financing for various hotel properties, our special sources from overseas have committed to finance hotels in which we offer to potential investors. Also we are expecting to enlarge our staff in the next few years.
If opportunities arise, mergers and acquisitions and investment banking will be carefully considered and presented to our selected clients.

We are convinced that our strong strategic position, our excellent reputation and the high quality of our staff will continue to provide outstanding results and services to our customers for the years to come.