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VILLAS AT FIRST BIGHT LAGOON ARE ALMOST HERE.

Ground breaking is scheduled for August 15th, 2004 when all of the permits
and environmental impact requirements have been met.

The first building,
housing five units, will be that closest to the waterfront where we will find a seawall with a walking pier that takes you onto the lagoon itself.

Small boat tie-ups will be available and a project skiff ready for your use on a first come first serve basis. Paddle boats a floating island will stand ready for your pleasure day or night.



RESERVATIONS FOR THE VILLAS AT FIRST BIGHT LAGOON.

Reservations will be accepted on August 15th, 2004.

A fully refundable deposit will at that time hold any particular unit in any of the six
buildings.

It will be placed in a separate Trust Account and held in escrow
ready for its return to you should you not wish to exercise your option within
the next ninety days.




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Trans Island Enterprises S.A. and two local associates are developing a most
unique project on Roatan.

An exclusive planned unit development with something for everyone.

WHERE?
In a slightly remote but easily accessible location that affords the project
the same breath taking and pristine view of First Bight Lagoon as the Parrot
tree Plantation owners enjoy.

A few miles before the Parrot Tree Plantation turn-off we take a right up a
beautiful winding approach road safely bringing us through farmland and cattle
country. With wildlife crossing the road every now and then and cattle roaming
the hillsides we take our time and enjoy the scenery.

Up a rise and before us is the site of the Villas at First bight Lagoon.
Thirty units starting at $ 184,470.00 U.S to $ 307,450.00 U.S., there will
be something that fits your lifestyle and budget.

From two bedroom two and a half bath villas to one bedroom two bath units to
exciting Top of the World Executive Penthouse units that blend living with
sleeping, all with a fantastic view of the Lagoon.

Community facilities will include off street parking, a self service bar with
refrigeration and cooking facilities, lawn furniture, shade devices, a
beautiful Jacuzzi and in Phase II, a swimming pool.

Back to something for everyone. If you are looking for a retirement property,
look no further. Quiet, peaceful, healthy surroundings, close to shopping and
transportation. Away from it all yet close enough to Doctors and pharmacy's
and churches.

If instead you are looking for a vacation/income producing investment, this
will fit your portfolio as well. On-site management will be available to
everyone either on a full-time or part time basis and you choose the times.
Trans Island Real Estate and Travel will advertise, handle reservations and
deposits, airport pick-ups and general maintenance for you if you are to be an
absentee owner. Every service imaginable from getting your car or boat ready
for you or your guests arrival, to stocking the refrigerator and cupboards
with local treats. Just call ahead and everything will be in Turn-Key
condition for your arrival.


During the next ninety days the foundation, the fresh water holding tanks and
the downstairs floors and walls of the first building will hopefully be
completed giving you something to come and look at for yourselves.

There will also be ratified conditions, covenants and conditions relating to
the community and your individual unit. Eventually a homeowners association
will take control of the project and modify the original rules.

There will always be a substantial interest held by Trans Island Enterprises
S.A. with situations pertaining to exterior architectural treatments.

At that point in time you will be asked to enter into a construction/purchase
contract and be required to submit a 25% deposit. Your $ 10,000.00 reservation
money will make up part of that fee.

As your particular unit is moving toward completion additional 25% payments
will be required with the last being due after the total completion of your
unit is accomplished.

You will then own the unit outright in what we refer to as Fee Simple title. A
policy of title insurance may be obtained from either Stewart Title Company of
America or First American Title Company as they are both active in this area
now.

11-504-991-0281. For instant e-mail response, write to: tie@caribe.hn

Donald J. Pearly, President
Trans Island Enterprises S.A.




Remodeling existing structures is even easy. Using the most latest in building technology rooms can be expanded and re-ventilated.
Balconies and decks added
and kitchens upgraded.

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