Press Release: The Bauer Partnership Inc.
February 7, 2002
LONDON -- The Bauer Partnership Inc. (OTCBB:BUER; ``BAUER''), a leading international real-estate investment company,
announced yesterday that through one of its wholly-owned subsidiaries, it has entered into a Share and Asset Purchase
Agreement to acquire The Windjammer Landing Resort & Spa in St. Lucia, British West Indies for US $30,000,000.
The Windjammer Resort & Spa was built in 1989 and is a five-star resort and spa, encompassing approximately
56 acres of beachfront land with 144 villa units plus all resort & spa facilities complementing these units.
``The acquisition of The Windjammer Landing represents a major milestone for The Bauer Partnership,'' said Ronald
J. Bauer, CEO of The Bauer Partnership. ``This is our first major acquisition, and currently serves as our most
significant Caribbean resort property while we continue efforts to aggressively expand our property portfolio worldwide.
This serves as one of the many acquisitions that Bauer will undertake in the coming months,'' added Mr. Bauer.
The Windjammer property has been profitable for many years, and BAUER anticipates an increase in net income from
the property as it executes on the expansion of existing fractional ownership and luxury estate villa development
activity.
About BAUER
Founded by Ronald J. Bauer, BAUER is a Financial Services and Holding company that specializes in acquiring cash-flow
positive commercial real estate assets on an international basis. BAUER fills a unique position in the market place
by offering the ability to structure and finance sophisticated transactions in various geographies worldwide. BAUER
seeks to utilize its listed equity to acquire existing hotel and commercial real estate assets to add significant
increases in revenue and net asset value to its financial position.
Statements contained in this release, which are not historical facts, including statements about plans and expectations
regarding business areas and opportunities, demand and acceptance of new or existing businesses, capital resources
and future financial results are ``forward-looking'' statements as contemplated by the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not
limited to, government regulation, taxation, spending, competition, general economic conditions and other risk
factors which could cause actual results to differ materially from those projected or implied in the forward-looking
statements. There may be other factors not mentioned above that may cause actual results to differ materially from
any forward-looking information.
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Contact:
The Bauer Partnership Inc., London
Daniel M. Bauer, +44 207 016 6708
Fax: +44 207 493 1743
E-mail: dan@bauer-partnership.com
Web: www.bauer-partnership.com