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Turquise Development, Carib Gaming Sign Deal

NEW PORT RICHEY, Florida – (PRESS RELEASE) -- Turquoise Development Company (OTC Pink Sheets: TQDC) announced that it has entered into an agreement to purchase a 25% stake in Carib Gaming. Carib Gaming is the largest land-based gaming operator on the Turks & Caicos Islands with 25 locations, and has experienced strong growth during its past couple of years of operations.

"We're very excited about this acquisition," remarked company president Andrew Ross "as it enables us to expand our current footprint on the islands. Until now we have been focused on our real estate development project on the 20 acres the company owns on North Caicos, but this acquisition provides an opportunity for current and immediate earnings for the company while we continue to explore additional attractive real estate development."

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