MOON Bahamas-‘All Systems Go’

Michael R. Henderson, Chairman, RJH Holdings today announced the company had
received formal approval from the Government of The Bahamas to proceed with the
next stage of MOON Bahamas development.

“We are very pleased to have received official approval from The Government of
The Bahamas. This approval also supports the Memorandum Of Understanding
previously entered into with the Grand Bahama Port Authority dated July 28th,
2004. With these agreements in place the MOON Bahamas Team will now commence
exhaustive feasibility studies which when complete will be presented to
relevant parties for sign off, prior to construction start” said Michael R.
Henderson, Chairman, RJH Holdings. “The MOON Bahamas Team comprised of 120
international companies looks forward to beginning the project’s next critical
phase in early 2005” added Henderson.

Appreciation

“Since our July 30th press release we have been inundated with support from all
over the world for the project and for the beautiful location in Grand Bahama
which we have chosen as MOON’s home. We would like to sincerely thank all the
wonderful people of The Bahamas for their incredible support which has been
most welcome. Our sincere appreciation is extended to The Prime Minister of The
Bahamas, The Rt. Honorable Perry G. Christie MP, The Honorable Obie H.
Wilchcombe MP, Minister of Tourism, The Honorable Fredrick A. Mitchell MP,
Minister of Foreign Affairs and Mr. Vincent Vanderpool Wallace, Director
General, Ministry of Tourism” said Sandra G. Matthews, Partner and Managing
Director, RJH Holdings. “In addition we express our thanks and admiration to
the outstanding professionals at the Grand Bahama Port Authority for their
continued support” added Matthews.

MOON Team – Special Thanks

The MOON Team would like to sincerely thank the following world-class companies
without whose outstanding services this project would be significantly more
challenging.

Four Seasons Hotels and Resorts / American Express / British Broadcasting
Corporation / CNBC – a General Electric Company

Acknowledgement

The MOON Bahamas Team would like to acknowledge the support of the Bahamas
Association of Consulting Engineers and look forward to working closely with
this professional organization as the project moves forward. We would also like
to acknowledge the generous offers of expertise from various global space
agencies including the Florida Space Authority based in Cape Canaveral,
Florida. We extend sincere appreciation for the tireless efforts of the
project’s Bahamas Representative, Mr. Gerard Wirth of Wirth Associates, Nassau,
The Bahamas and the project’s Social Economic Impact Feasibility and Global
Advisory Group, Gilbert Morris and Associates, Nassau, The Bahamas, led amiably
by its outstanding Chairman Dr. Gilbert Morris. These two gentlemen have
demonstrated an unwavering desire for the betterment of The Bahamas and its
citizens which we acknowledge and admire.

Congratulations

On October 4th, 2004 SpaceShipOne made history by winning the coveted Ansari X
Prize. The MOON Bahamas Team would like to congratulate Michael Melvill, Brian
Binnie, Burt Rutan, Paul G. Allen, Sir Richard Branson and the group of
geniuses at Scaled Composites in Mojave California on their truly historic and
outstanding achievement! Further we would like to acknowledge Dr. Peter
Diamandis and Mrs. Anousheh Ansari for their valuable contribution to manned
space flight.

Project Development

The MOON Bahamas Concept Development team has completed the design for the
project’s “Mission Control Center”. This ten acre 25,000sqft facility will
house the project’s operations department and visitor real estate sales center.
The MOON Monorail system has also been designed. Renderings of these designs
can now be viewed on the project’s website at www.moonbahamas.com Additionally
current development planning calls for an enlarged high tech Medical and
Wellness Facility, Television Studio, Satellite Radio Broadcast facility, Film
Studio, Film School, Recording Studio and Global Humanitarian Center. Design
work has begun on the development of the MOON Spaceport center; MOON Bahamas
will become the global central operations platform for future space tourism
travel; Grand Bahama offers a great advantage with its close proximity to the
global capital of Space flight, Cape Canaveral, Florida.

Welcome

We are very pleased to welcome the following additional members to the MOON
Bahamas Team. For a complete list of the 120 team members please review the
“team section” of the projects web-site at www.moonbahamas.com.

/T/

• Marina Development Consultants – Edwin H. McMullen & Associates, Orlando, USA
• Joint Architects of Record – Lawrence Chisholm and Associates- Nassau, The Bahamas
• Bahamas Counsel and Attorneys at Law – McKinney Bancroft & Hughes – Freeport / Nassau, The Bahamas
• Bahamas Real Estate Representatives – H.G. Christie – Nassau / Freeport, The Bahamas
• Telecommunications Agents – Enterprise Business Networks – Nassau, The Bahamas
• Structural Engineers of Record – George V. Cox and Company – Nassau, The Bahamas
• Civil Engineers of Record – Caribbean Civil Group Ltd – Nassau, The Bahamas
• Electrical Engineers of Record – Integrated Building Services – Nassau, The Bahamas
• Telecommunications Design and Supply – Ericsson – Stockholm, Sweden
• Lighting Architect – Gert Hof Productions – Berlin, Germany
• Lighting Suppliers – General Electric (GE) Lighting – Oakville, Canada
• Film, Television, Satellite Radio and Recording Studio Consultants –
• Leach Entertainment Enterprises – Las Vegas, USA
• Risk Advisory and Brokerage Services – Marsh – New York, USA
• Internet Marketing – Quotient Marketing – Portland, USA
• Monorail Designers and Manufacturers – Doppelmayr – Wolfurt, Austria
• Customs Brokerage / Freight forwarding – Lucaya Shipping & Trading – Freeport, The Bahamas
• Infrastructure Security – General Electric (GE) Infrastructure Security – Mississauga, Canada
• Insurance Agents – Sunshine Insurance – Nassau, The Bahamas
• Corporate Aircraft Manufacturers – Embraer – Sao Paulo, Brazil
• Planet Ice Design Team – Input – Wolfurt, Austria
• Modular Space Suppliers – General Electric (GE) Modular Space – Florida, USA
• Helicopter Manufactures – Bell Helicopters/Textron – Providence, USA
• Seaplane Manufactures – Cessna / Textron – Wichita, USA
• Personal Water Craft Manufactures – Honda – Tokyo, Japan
• Water Craft Engine Manufactures – Honda – Tokyo, Japan
• Power and Automated Technologies – ABB Asea Brown Boveri – Zurich, Switzerland
• Limousine Manufactures – Maybach, Daimler Chrysler – Stuttgart, Germany
• Water Purification – General Electric (GE) Water and Process
• Technologies – West Palm Beach, USA
• Card Solutions and Lock Systems – ASSA Abloy – Stockholm, Sweden
• All Terrain Vehicles – Honda, Tokyo, Japan
• Wind Turbines – General Electric (GE) Wind Turbines, Montreal, Canada
• Automation and Control Solutions – Honeywell, Miami, USA

/T/

About MOON Bahamas

When completed in 2010 MOON Bahamas will be the worlds largest, most expensive,
most exclusive and most spectacular resort and real estate development. The
project is a tribute to earth’s closest celestial partner and as such is built
on an enormous scale. MOON Bahamas will comprise of five man made islands which
will house the worlds largest casino, worlds largest and tallest hotel with
12,000 suites, multiple resort attractions including extravagant entertainment
facilities, ten cruise ship terminals, 50 of the worlds best restaurants with
their star chefs, the worlds largest resort wine cellar, the worlds largest
mega yacht marina, aquatic centre, real estate (22,000 Condominiums), huge
convention centre and sports facilities which will include four PGA golf
courses. Moon Bahamas is designed to live in harmony with nature and will
include one of the world’s largest artificial coral reefs. MOON Bahamas will be
brought to life by the worlds “Best of the Best” and when opened will truly
represent “the first wonder out of this world.” Additional information is
available from the MOON Bahamas web-site at www.moonbahamas.com.

About The Grand Bahama Port Authority

In Freeport City management and economic development are the mandates of a
private corporation, The Grand Bahama Port Authority Limited (GBPA). The GBPA
is responsible for promoting and regulating all commercial and residential
development within 230 square mile ‘Port Area’ of Grand Bahama.

During the early 1950’s American investor, Wallace Grooves and British
Financier, Sir Charles Hayward, pioneered development on Grand Bahama Island.
Their vision for development led to negotiations with the Government of the
Bahamas and the signing of the Hawksbill Creek Agreement. The Agreement,
executed on August 4th 1955, created the ‘Port Area’ and gave birth to the City
of Freeport.

The agreement required the dredging of a deep-water harbour at Hawksbill Creek
in the western sector of the ‘Port Area’. It also granted responsibility to the
GBPA for the provision, management and administration of all infrastructure,
municipal and community services and for development of 50,000 acres of crown
grant land which was later extended to 138,000 acres. This, together with an
additional 12,000 acres purchased by the GBPA from other party’s forms the
160,000 acre ‘Port Area’.

The agreement also conveyed to the area the legacy of a ‘free port’ with
substantial tax concessions for financial, commercial and industrial
enterprises. The guarantee for these rights through the year 2054 distinguishes
Freeport, Grand Bahama, as an economic zone with unsurpassed competitive
advantages within the region. Grand Bahama is no stranger to significant
investments not least that made in recent years by Hong Kong based Hutchison
Whampoa organization of over $1 billion. Grand Bahama is also home to an
International Airport with a newly paved 11,000 ft runway and a new state of
the art airport terminal with US pre clearance for Customs and Immigration.
Further information on the Grand Bahama Port Authority can be found at
www.gbpa.com.

FOR FURTHER INFORMATION PLEASE CONTACT :

MOON Bahamas

Michael R. Henderson

Creator

Phone: (604) 762-1962

Fax: (604) 947-2054

Email: mrh@moonbahamas.com

Website: www.moonbahamas.com