The following letter, we received from a Canadian investor on September 22, 2005. Stuart trusted the recommendation of a friend and purchased an investment package prior to visiting Panama. Following the visit, he wrote this letter and invited us to share it with protential investors.

Mr. Michael Ducharme
Ducharme Investments
Panama City, Panama

September 22, 2005

RE: Purchase of Condominion

Hi Mike,

Now that I have returned to Canada from Panama I thought I would write you a letter.

When I arrived in Panama, it was no secret that I had "reservations" about the country, for various reasons.

I had not heard too much about Panama or It's people but I had heard of its neighbours!!

They say you should not judge a book by it's cover, in this case I have never been so happy to be so very wrong.

We arrived at the Decameron and settled in, when you called to arrange visiting the city (and our condo) myself and carol my wife had no idea what you had in mind.

We spent the next five days together (The 5 star hotels in the city are indeed what I would call 5 star!!).

Myself and Carol have travelled all over the world, and never have we been treated so well, especially by country and it's people, who if you listen to the horror stories are "Behind and Third world".

We spent a lot of time together, and I must tell you, from the swanky waterfront restaurants up to the drive in cafes in the little towns up in the mountains I have never seen a people so keen to be courteous, polite and keen to help!!

You can visit the air conditioned up market shopping mall which has a great choice of shops boutiques and fast food, Carol enjoyed shopping there.

I just had to let you know, that we had such a wonderful time, people must visit the country, hire a 4x4 and travel around and meet the people before coming to any conclusions.

There is nothing wrong with the "Decameron", we made use of the beautiful white sand beach, but you must in our opinion get out and about and get to know the people, especially if you intend to invest in the country and subsequently it's economy.

Many thanks for a wonderful time, we look forward to many happy times in the near future.

Stuart & Carol
C r o o k s h a n k