OVERVIEW LQM PRESENTATION PROPERTY SALES & REAL ESTATE MANAGEMENT

1. OVERVIEW LQM PRESENTATION PROPERTY SALES & REAL ESTATE MANAGEMENT GLOBAL M & A LEGAL & PROFESSIONAL SERVICES DESTINATION MANAGEMENT & TOURISM SERVICES PROJECTS – 2007 \ 8

2. Index • Our History • Our Network • Our Divisions and Services • Our Clients

3. Our Organisation At the end of the seventies a licensee, Tescosa Spa, a company of the Fila Group specialising in men’s and women’s formal wear, an a licensor, Pierre Cardin, the largest fashion designer in the world in terms of production range and turnover, were the parties to an agreement which led to a few successful deals without developing any further. It was in that period that Mr. Giuseppe De Vecchi, then General Director of Tescosa and today’s Managing Director of La Quinta, conceived the idea of setting up a service company acting as a broker between designers and companies and, above all, serving as a catalyst for new forms of exploitation of brand names. Since the original Licensingdivision has been the creation of trading, design, marketing, advertising and foreignlanguagesdivisions and the opening of local offices throughout the world. Thanks to its twenty-year experience and long-established relations with its partners, La Quinta has reinforced its image and consolidated the confidence of companies and designers. In the near future La Quinta Srl. is scheduled to become a holding company with its various divisions turned into individual companies. Foreign local offices will be transformed into subsidiaries organised according to this same structure.

4. La Quinta was established in 1980 as the first company acting as a Fashion Broker, brokering alliances between large well known fashion houses and smaller suppliers From its initial area of brokering specialization La Quinta branched out into other complementary services and developed 8 divisions each with a specific task, enabling the company to offer a 360° service-consulting program Today La Quinta is comprised of an efficient international network that includes an extensive number of branches and associate offices present throughout the major markets of the world The 25 years of proven experience in the Fashion Industry has given La Quinta invaluable know-how and has allowed it to establish strong relationships with key designers and suppliers that remain unmatched to date Our history

5. Our network • La Quinta is present internationally either with own offices, freelance or representative offices, which often cover several surrounding countries and increase the effectiveness of the network itself: • Branch Offices: Italy (Milan, Florence), Americas (Miami), France (Paris), Singapore (Thailand, Malaysia, Singapore), Malta, (sede for Albania, Algeria, Gibraltar, Greece, Lebanon, Tunisia, Morocco, Cyprus, Libya Arab Jamahiriya, Monaco, Egypt, Portugal & Israel), • Representative Offices: Hong Kong, Japan (Tokyo), China (Shenzen, Shanghai), South Korea (Seoul), Turkey (Istanbul), India (New Delhi) • Freelance: UK, Russia, Vietnam, Dubai, Spain, New York

6. Our division: licensing • Identification of the ideal partners for our client Brands and Designers throughout the world; facilitation of contacts between the parties • Management and co-ordination of the licensing agreement, from the negotiation to the implementation, aiming to the best return on investment for its clients • Identification of emerging and successful up-coming Designers for our client Suppliers, ensuring the best solutions for the consolidation and the protection of the brand image • Identification, also internationally, of Real Estate opportunities, (boutique-hotels, restaurants, cafè, golf clubs, department stores…). La Quinta brings together the brand with builders and real estate investors, supporting the clients (Licensors) along all the steps of the project, from the business plan to the negotiations between partners, to the implementation

7. Our division: trading • The Division benefits from an extensive international network of offices manned by highly experienced professionals prepared to provide our Clients, both Designers and Suppliers, with profitable and practical solutions • Trading Function: identification and promotion of qualified production sources; assistance with negotiations and with implementation of the agreement • Buying Function: market research; identification of ideal Clients/Producers to purchase/produce fashion related goods; assistance with negotiations and with order fulfilment • Creative Trading: client’s brand analysis; identification of ideal strategy to promote the brand and distribute its products

8. Our division: design • Analysis of the client’s needs; identification of the ideal fashion and graphic Designer to match those needs • Access to an extensive database of selected Italian and international fashion and graphic Designers • Promotion and /or consolidation of the Designers’ image on the international arena • Trend market research; Image revitalization of the producer’s brands and products

9. Our division: marketing • Consulting in strategic and operative marketing, corporate image and brand positioning, competitive analysis,market researches • Access to international teams of professionals expert in qualitative and quantitative market research in the major markets • Advertising competitive analysis, professional semiotic analysis of the company communication and advertising • Consulting in mergers & acquisitions, from identification of potential partners to support during negotiation

10. Our division: design lab • La Quinta Design Lab is an organisation made up of professionals in the field of Design, Architecture and Fashion, backed by a very high level of experience in Italy and abroad. The team’s efficiency is ensured by professional cohesion that permits speed and quality in design, with a huge range of creative approaches capable of tackling the challenge of any request or job • Managing Director of La Quinta Design Lab is the architect Fabrizio Landiorio, currently manager for Max Mara Fashion Group Design-Visual and Architecture Factory; professor in Architectonic Design & Planning at Parma University; design consultant for Richard Meier & Partners Office in New York – interior design for the MBK tower in Prague; former collaborator with the Office for Metropolitan Architecture (Rem Koolhaas & Partners – Rotterdam) for the Prada NY shop. Winner in 2005 of the Knoll Design Competition and co-designer for the Max Mara Headquarters in Reggio Emilia (Italy).

11. Our division:communication • 360° consulting on media and communication: from identification of best communication strategies, to implementation of advertising campaigns, to media buying, to the creation of the best graphic and production options • Full press-office service: from compilation of press releases and company profiles to organization of press conferences and media relations • Organization of special events, fairs, meetings and promotional launch activities and coordination with all the other brands’ communication activities • Sponsorship opportunities with public and private bodies and totally customized global awareness opportunities for brands and companies

12. Our division:translations • Translating and Interpreting services specific to the apparel industry; our specialty areas are business/commercial, advertising, scientific, technical, legal; all translations are by mother tongue professionals • Access to over 300 selected professional translators in all the major European languages as well as in Russian, Arabic, Japanese and Chinese • The division is also a member of the following Associations: Feder. Cent.Tr.I. (International Federation Centers for Translators and Interpreters) and of EUATC (European Union of Associations of Translation Companies)

13. Our division: legal • Commercial law: identification of the appropriate civil law institution, negotiation of agreements, drawing up of contract draftings for locally- and internationally-based operations • Company law: mergers and acquisitions, companies setting-up and reorganization, venture capital, management of all legal activities • Legal consulting: judicial and extra-judicial consulting in civil and penal law, like: licensing, trademark, intellectual property, commerce and retail, agency contracts, credit recovery

14. Our division: M & A • The division operates in partnership with State Capital, a private leading Investiment/Merchant Bank and provides expert M&A and corporate finance services as: • Sell-side advisory: acting for target companies,, special board committees or selling shareholders, assisting in negotiations, giving objective advice aboutthe merits of bids received • Buy-side advisory: advising on stock or asset purchases of or by publicly listed companies or private companies • Cross-border advisory: managing transactions all around the globe • Private equity: structuring and assisting negotiations between corporate clients and Private Equity and Investment funds • Joint Ventures & Partnerships • Corporate Finance Services

15. La Quinta (Malta) Ltd. Our mission & vision • Our mission  • To supply creative turn-key solutions to improve the performance and the growth of our client companies in full respect of their history and philosophy • Our Vision • To support creativity and bring innovation within companies to help them compete in the global market • Profile: • Tony Coleiro has started his management carrier back in 1979 as Deputy General Manager with the Gozo Channel Co. Ltd., a shipping company, with four passengers and cargo shipping liners. Subsequently he has been in the post of General Manager with various Hotels and Tour Operating Companies until the day that he has been appointed Managing Partner of La Quinta Malta in September 2005. In March 2007, Tony Coleiro has been appointed CEO & Managing Partner of La Quinta (Malta) Ltd. after being registered as a Limited Liability Company, a subsidiary Company of La Quinta Group Srl. • He has had top managerial experiences in Three and Four Star Hotels as well in Time Sharing Resorts in Malta & Gozo, namely Halland International Resort, Qawra Palace Hotel, Lapsi Hotels, Serena Beach Resort, Bay Street Hotel Complex, The New Alexandra Palace Hotel. All Hotels varies from 65 luxury Apartments to 1000 hotel room’s bed capacity. He had also managed Tour Operating Companies which include Summed Travel & Tourism Ltd., Accord International DMC Ltd., TravelTek DMC Ltd., and Travel Malta – Group of Companies. • Tony Coleiro is a Chartered Consultant by profession, he holds a Master Degree in Business Administration and a Fellow of the Institute of Hospitality and of the Sales & Marketing Management Association; Full Member with various Leisure, Hospitality & Tourism Management Professional Institutions worldwide. Tony Coleiro is a Full member of the National Committee of Skål International, Association of Travel & Tourism Professionals. President of the Malta DanceSport Association. Tony Coleiro MBA., FHCIMA, FSMMA.CC CEO & Managing Partner La Quinta (Malta) Ltd. Sede for the Mediterranean Countries

16. Property Analysts & Consultancy Services Property Management Services Worldwide real estate network Pre-sales services  Consultancy & turnkey services  Fittings & furnishing services  Re-allocation services  Insurance services  Management & Maintenance services La Quinta (Malta) Ltd., strategic and licensed partners:

17. Our corporate vision Global M & A consultancy services Our firm has one vision, this being client focus, and commitment to operational excellence. La Quinta (Malta) Ltd. through its strategic and licensed partners provides a diversified business process from Auditing and Assurance, Accountancy, Tax, Legal Consultancy, Business Advisory and Corporate and Compliance services, to Information Technology, Debt collection and much more outsourcing solutions. We can also create tailor-made software according to your requirements. Arthur Douglas Turner – Certified Public Accountant & Auditor, Tax and Management Consultant, and Financial Director for La Quinta (Malta) Ltd. through his Global M & A firm - Turner & Associates offers innovative and effective solutions for clients both locally and overseas. The firm adopts one concept: the “can do” attitude that motivates all of us to deliver nothing less than the very best to our clients. La Quinta (Malta) Ltd.: strategic and licensed partners:

18. Legal & Tax Advisory Services • Commercial law: identification of the appropriate civil law institution, negotiation of agreements, drawing up of contract draftings for locally- and internationally-based operations • Company law: mergers and acquisitions, ITC’s, IHC’s, Ltd’s, LLC’s company setting-up and reorganization, venture capital, management of all legal activities • Legal consulting: judicial and extra-judicial consulting in civil and penal law, like: licensing, trademark, intellectual property, commerce and retail, agency contracts, credit recovery • La Quinta (Malta) Ltd., strategic and licensed partners:

19. Management & Business Client’s support • La Quinta (Malta) Ltd. through its strategic and licensed partners Innovative Business Solutions Ltd., a leading management and technology consultancy, with a unique combination of the two elements. We have played a role in supporting many of the recent major developments, companies in the delivery and creation of business. • We group our business and management consultancy experience into four areas: • Operational support – this term describes the essential elements of what is needed for a business to run successfully. • Strategy and policy development – we provide many services that help clients to address the challenges faced in the market. Our techniques ensure that the strategies developed are subject to rigorous analysis and we are achievable based on the organisation’s goals and objectives • Performance improvement –enabling organisations to achieve sustainable improvements and beneficial changes in performance from using techniques such as cost and value management, performance setting, business process re-engineering, and analysis of the impacts of change. • Change management –when implementing change across an organisation, many business challenges arise that can negatively impact the outcomes of the project.

20. Human Resource & Development • HR Solutions • We understand that HR is the key to employ retention, motivation and satisfaction. To handle HR activities, solutions, improvement, appraisals, administration, courses, monitoring is not an easy task. La Quinta (Malta) Ltd. though its strategic and licensed partners Innovative Business Solutions Ltd., provide effective solutions to help small business and large companies in successfully reach the HR target. Our expertise in creating that unique employee experience which is fruitful to the company. • Training Solutions at business level: • Customer care • Problem solving • Complaints handling • Dealing with difficult customers • Sales techniques and achieving targets • Handling telephone and office customers • Customer care for techniques and IT people • Retail sector customer service • Training Solutions at technical level: • Basic Windows XP & Windows XP advanced • Basic & advanced Internet courses • Handling Computer systems at work • Managing computer hardware • Website design

21. Formation of Trusts & Nominee Services • Formation of Trusts & Nominee services: • Formation of Trusts • Trust services • Registration of companies • Company nominee services • Compliance services of Trusts and nominee companies • Money laundering regulations: • Identification procedures • Internal reporting procedures • Record keeping procedures • Staff training procedures • Relationship between nominee company professionals and bank: • Evidence of identification • Declaration • Notification of change of circumstances La Quinta (Malta) Ltd., strategic and licensed partners:

22. Hospitality & Aviation Consultancy Services Hospitality & Tourism Management Customer Relationship Management Operating Procedures Quality Management Mystery Guests Audits Human Resources HACCP System Food & Beverage Audits Low Cost Airlines & Aviation Airline startup and roadmap  Airline business & marketing plan  Fleet planning & maintenance  Human resources & financials  Risk mitigation & equity offering  Booking engine & systems development  La Quinta (Malta) Ltd. strategic and licensed partners

23. Destination Management Consultancy Services Destination Management Operators  Tour operators   Conference organizers   Retail travel outlets   Travel agencies   Airlines companies  Conf & Incentive travel opts   Product launching Conventions   Corporate incentive travel   Destination advise   Animation programmes  Conference facilities Excursions World span reservations Airline Tickets Sales Accommodation worldwide Reservations Niche Market Packages Travel & Tourism Services La Quinta (Malta) Ltd., strategic and licensed partners:

24. Languages & Commercial Studies Consultancy Services • Traditional language courses • General; Intensive & Business language Courses • Combination & Mini group language course   • One to one & absorption language course  • Accelerated absorption & Specialized electives • Mini group tuition course   • Living & learning language courses   • Summer vacation & school group lang. course    • Niche market language courses  - • Technical course for the: • Oil industry  • Aviation industry   • Tourism industry   • Francophone industry   • Arab & Asian Speaking World   • Bankers & People in Finance   • Pharmacists, Doctors & Paramedics   • Jurisprudence, Ecologists, Archeologists   • Engineers & Technical Personnel • IT Industry • La Quinta (Malta) Ltd. strategic and licensed partners:  

25. Fashion & Creative Business Consultancy Services Fashion & Creative Business Services • Direct Participation in Miss Maltese Islands for Miss World • Promotion of High Quality Brands • Fashion week 2008 • Modeling School • Specialized courses in fashion and commercial studies • Design Lab promotion • Multi – Level Network marketing • Entertainment & Leisure Industry • La Quinta (Malta) Ltd. strategic and licensed partners:

26. Gallotti Gimo's GrandesignGruppo TecnicaHanro HitachiInghirami CompanyIntercosmoIsa Seta  Istituto geografico De AgostiniItochu CorporationKina ItaliaLubiam  Maglificio Sartori Martini & RossiMarzottoMarubeniMatsushita Electronics Miss DeannaMitsui ModafilMorris Profumi  Navigazione laghi  OsamaPa.Co.Dis.  Pastorelli & NettunoPepper IndustriesPhilip Morris Group Our clients: companies Regione Lombardia  Regione PiemonteR.F. Celada  Ricoh Safilo Samas Scavia Schiapparelli Pikenz  Selene  Sipal Arexons  SitourTecmec  TeiraiUnione Comm. Turismo e Servizi    Valstar  Vetrerie di EmpoliYamahaZenith  Zucchi-Bassetti Ferrovia Trento-Malé Ferrovie Nord MilanoFramesi Funivie Folgarida Marilleva Plasmon Privilege  Redwall Group 3D Habitat Alpha Wasserman A.P.T. Nord Italia  A.P.T. del Lago Maggiore A.P.T. del Lago d'Orta A.P.T. del Trentino Banca Agricola Mantovana Beretta Armi  Betty BarclayBindaBoselli Bp Studio Caleffi Camel distillerie Candy  CarellaCoeclerici Carbometal  Cogifer  Comune di CapriComune di MilanoComune di VeneziaCharles Stewart Edilgres-Sirio Edizioni Ecomarket E.N.I.T. Ente Nazionale Italiano del TurismoEnte del Turismo Svizzero

27. Our clients: brands Alfieri & St. JohnAlviero MartiniAntonio FuscoAustralian Balenciaga Balmain Basile Belvest Benetton Borbonese Charles Jourdan Consorzio Costa Smeralda Coveri Diego Dalla Palma Dolce & Gabbana Dunlop El Charro Ellesse Emilio Cavallini Estee Lauder Fendi Fila Fratelli Rossetti Gai Mattiolo Gattinoni Gianmarco Venturi Giugiaro Gucci Invicta Jean Charles de Castelbajac Jean Paul GaultierLamborghini Lancetti Laura Biagiotti Les Copains Loro Piana Lovable Luciano Soprani M. Missoni Malhas Malo Mariella Burani Marlboro Martini Racing Merit Cup Mila Schön Momo Design Naj Oleari UngaroValentino Onyx Pierre Cardin Pininfarina Renato Balestra Reporter Roberta Roberta di Camerino Roberto Capucci Roberto Cavalli Sergio Tacchini Smith & Wesson Stile Bertone Superga Swish Jeans Teatro alla Scala Think Pink Trussardi

28. Our clients

29. La Quinta (Malta) Ltd. Consultants & Company Directors • Tony Coleiro M.B.A., F.I.H., F.S.M.M.A., C.C : CEO & Managing Partner – La Quinta (Malta) Ltd. • Arthur Douglas Turner F.C.C.A., B.A. (Hons) Accty., A.C.I. (Arb.), F.I.A.,C.P.A., A.M.I.T. Chartered Public Accountant & Auditor, Tax & Global M & A Consultant La Quinta (Malta) Ltd. – Financial Director • Dr. Doreen Turner Bilocca LL.D., Dip. Can., M.C.J.& P., Dip. Tax., I.F.S.P. Legal Consultant La Quinta (Malta) Ltd. – Company Secretary La Quinta (Malta) Ltd. MANAGING CONSULTANTS • Jonathan Camilleri Bowman B.Sc. IT., (Hons), D.S.D.M.Trainer, M.B.C.S. Communications & It Consultant • Sue Rossi Fashion & Creative Business Consultant • Etta Mizzi Micallef M.A., B.A. (Hons) (Lond). Languages & Commercial Studies Consultant • Trafford Busuttil Property Analyst & Consultant • Giovanni Corrieri Aviation & Destination Management Consultant • Charles Martin MSc. F.I.H. Hospitality & Tourism Consultant

30. LA QUINTA HEAD OFFICE Corso Plebisciti, 15, 20129 Milano, Italia Tel. +39 02 7385353 info@laquintagroup.net LA QUINTA (MALTA) Ltd., Sede for: Albania; Algeria; Cyprus; Egypt; Gibraltar; Greece: Lebanon; Libyan Arab Jamahiriya: Monaco; Morocco; Portugal, Tunisia & Israel 13, Curate Fenech Street, Birzebbugia BBG 03, Malta Tel. +356 9933 3088; +356 21 651368; +356 21 417889 Fax. +356 21 650913; +356 21 662034 malta@laquintagroup.net t.coleiro@laquintagroup.net