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Press Release: Strategic Internet Investments
July 6, 2004
VANCOUVER, BC -- Strategic Internet Investments Incorporated (OTC BB:SIII.OB) (the "Company") is pleased
to announce that the Company with Star Leisure & Entertainment Inc. have formalized their preliminary Letter
of Intent (see press release issued April 6, 2004) by completing a formal Marketing, Promotion and Property Share
Agreement (the "Agreement") with AL Misehal Real Estate, Al Ayiri Real Estate and Khalil Ibrahim Ali
Khan, (collectively the "Marketing Group"). The Marketing Group will market and sell, on a pre-sale basis,
the future residential real estate of the Dream Island Project located at Manama, Bahrain, consisting of Beach
Villas, and Marina Residences units. Proceeds from all pre-sales will be held in a joint escrow account and released
to the project in stages based upon construction milestones being achieved.
Al Misehal Real Estate of Damam, Kingdom of Saudi Arabia, has all necessary marketing experience and sales capabilities
from initial sales contact though formal bid proposals and contract negotiations. Since inception, Al Misehal Real
Estate offers an unrivalled service in project management, sales and marketing through in-house specialists and
through partners in the Europe and the USA (www.almisehal.com). Al Ayiri Real Estate, Damam, Kingdom of Saudi Arabia
is a privately owned business with experience in real estate marketing and sales within the Gulf Council States.
Khalil Ibrahim Ali Khan is an individual residing in Al Kohbar with experience in real estate marketing and sales
in Saudi Arabia.
Mr. Abbas Salih, CFO and director of the Company states that "The combined experience of this Marketing Group
ensures the best chance for the available Dream Island residential units to be completely subscribed for and purchased,
through pre-sale, in the shortest period of time."
The Marketing Group will commence their marketing initiative in the coming weeks. The Company anticipates a strong
market for the Dream Island residential units. Should the units be fully subscribed for, the Company will have
achieved a significant step in its financing plan for the Dream Island Project.
The Dream Island Resort Complex is to be a 16.5 hectare (41 acre) man-made island approximately 250 meters offshore
along the northeast coast of Manama, Bahrain. The project will be mixed-use resort development, comprised of a
world-class hotel and Spa, Beach Villas and Marina Residence. Dream Island will be a self contained resort with
world-class facilities including an aquarium, swimming pools, a full entertainment centre, water park, bowling
alley, ice skating palace, boutiques, restaurants and cafes. Many other amenities will be offered including horse
riding, health club, sports courts and a fully serviced marina, among others.
News Release: #04-04 Shares issued: 18,130,957 Sec #33-28188 Symbol: SIII Exchange: OTC BB
Statements regarding financial matters in this press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company
intends that such statements about the Company's future expectations, including future revenues and earnings, and
all other forward-looking statements be subject to the safe harbours created thereby. Since these statements (future
operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's
actual results may differ materially from expected results.
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Contact:
Corporate Contact:
Strategic Internet Investments, Incorporated.
(604) 684-8662
email: info@siiincorporated.com
http://www.siiincorporated.com
Source: Strategic Internet Investments