Future prospects

While still heavily focused on the development opportunities within the leisure residential market, in 2007 - 2008 Eurosilex will establish new development and investment opportunities in the city centres of both Sofia and Varna. These will consist of mixed use (residential/commercial) complexes. Land negotiation is already in process. With the lowest corporate tax rate (10%) in Europe, which commenced January 2007, we believe the country is well positioned for relocation of many multinationals. As a result, we are looking to create a portfolio of property products to capitalise on this opportunity.

Based on the ever growing popularity of Bulgaria as a prime location both for overseas property investment and tourism, as well as the projected growth of the commercial sector, we very much consider Bulgaria our core base to which we remain committed for the long term. And, as the prosperity of Bulgarian nationals increases, based on the favorable conditions achieved through EU membership, international investment, tourism and an increased GDP, we will look to develop residential projects for the local Bulgarian market.

Our longer-term vision is to utilise our capabilities and our Bulgarian business model to further expand into new emerging markets (Brazil, Mexico, Morocco…), as well as further leverage the company’s sales operations in established markets like France and the United Kingdom.

Period: March 2007 – January 2009
Catalysis: Opening of the new headquarter
Key factors: Employees: 30-150; Turnover: 10-50 million Euros; Cumulative Properties: 750-1750
Goals: Further developing the size of the company, gaining market recognition and market shares, creating new services for our clients, starting the creation of a bilateral monopoly

• Creation of new departments and companies to offer better property services:
  1. International Sales team (part of Eurosilex team)
  2. After sales solution (part of Eurosilex team)
  3. Resale services (Blue Estates)
  4. Mortgage assistance (part of Eurosilex team)
  5. Rental Department (Rent’lidays)
  6. Management, maintenance of developments (Silex-Maintenance)
  7. Furniture Design (Unik furniture)
  8. Investors department (part of Eurosilex team)
  9. Internet Marketing/ design Solutions/ outdoor advertising (2G media)
  10. Development of Infrastructures water drillings/sewage system (Eco-Silex)
  11. Development of Luxurious projects (Eurosilex Platinum)
  12. Start of construction company only for finishing’s (Silex-construction)
• Offer bank guarantees, title deed insurance to all our clients
• Importing material directly for our developments to offer better quality
• Launch of a finance with independent financial adviser for our clients
• Employ Financial Advisor company: First Wall Street Capital (USA)
• New large investors: Investment funds, Large Retail groups
• Turn Eurosilex Public to create a holding

Period: January 2009 – January 2012 Key Factors: Employees: 150-500; Turnover: 50-250 million Euros; Cumulative Properties: 1’750-10’000 Goals: Turn Eurosilex market leader in its predominant market (Bulgaria), Create investment fund, finish the branding of the name as quality of services and build, further develop all branches and make them profitable with external contracts, develop the Bulgarian Market

• Develop three large projects over 100 million in capitalization
  1. A city Quarter in Varna with mix use developments
  2. A golf course in the North Region of the Black Sea Coast
  3. A new Coastal resort in the North region of the Black Sea Coast
• Develop the commercial and retail side of the company
• Develop private hospitals in Bulgaria near large resorts
• Enter the Bulgarian residential market by offering them our scope of services
• Create a full construction company
• Develop side products for our clients (small productions water/wine)
• Developing Eco-Silex in renewable energies (wind Farms), and fully sustainable developments
• Build our own headquarters offices

Period: January 2012- …
Key Factors: Employees: 500-…; Turnover: 250-… million Euros; Cumulative Properties: 10’000-…
Goals: Turn Eurosilex into a multinational

• Develop new markets and new countries (Montenegro, France, Brazil, …)
• Further secure the structure
• Enter the Stock Market