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Omega finalizes casino cruise acquisition

The Omega Royale will be a 100,000 square foot ultra luxurious resort style casino vessel equipped with a 49,000 square foot, state-of-the-art casino that will include approximately 500 player tracking slot machines and 64 table games consisting of Baccarat, Black Jack, Craps and Roulette. The plush style casino will be spread over four decks, which will be connected via elevators and escalators. A complete Vegas Style Sports Book will afford gamblers the opportunity to wager 24 hours a day on various sport competitions including basketball, baseball, boxing, football, golf, hockey, soccer and horse racing.

Resort style amenities such as multiple lounge venues, a Grand Show Room with headliner & production shows, expansive outdoor decks with several dining options ranging from 'All You Can Eat' buffets, to luxury gourmet 4 star dining with white glove treatment, will adhere to the wide range of gamblers the ship expects to draw. Special attention shall be paid to the ships VIP facilities. The company anticipates including luxury suite accommodations, a VIP lounge, a world-class Asian spa, business conference facilities and retail boutique shops. High Rollers will enjoy the luxury of having the ability to fly in on the vessels VIP heliport.

Omega Royale expects to compete primarily with other gaming operations within a one hundred mile radius. Management believes that their casino operations have a distinct competitive advantage over its primary competitors. Visitors who prefer playing Roulette, Baccarat, Craps, a wider variety of slot games and the ability to wager on sports will have the ability to do so on the Omega Royale.

Additionally, through strategic planning, the company has identified an unprecedented way to turn over its gambling clientele several times a day without the vessel having to leave its international waters. The use of two catamaran shuttles will give the company the ability to transport up to 300 gambler's less than 60 minutes allowing the casino and its operations to run at full capacity virtually 24 hours a day. This unique ability to sustain constant gambling operations mixed with the vessels 2,000 passenger capacity should allow for a consistent revenue stream for the company and its operations.

The anticipated launching of the Omega Royale is scheduled to coincide with the 2009 Super Bowl, one of the foremost gambling days of the year in Tampa, Florida. Omega Royale will cater to the offshore major metropolitan areas and will be located in international waters with its multiple U.S. Flag catamaran passenger shuttles. Additionally, as a "foreign-flagged vessel" the Omega Royale can dock anywhere in the US and abroad.

Jon S. Cummings III, Chairman, stated, "We are extremely pleased with the definitive acquisition of this vessel. This marks our first completed acquisition as a publicly traded holding company. A tremendous amount of effort and negotiations went into this project and we are happy in meeting with our objective of adding strong tangible assets that will undoubtedly produce steady income stream to our balance sheet." Additionally, he stated, "In today's current market conditions, creative and diversified strategies with imbedded values, a strong business model, and the ability to execute is necessary in order to achieve our competitive edge for the foreseeable future and to bring value to our shareholders."

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