Name                          : PRECAMP SOUTH AMERICA N.V

Address                      : Copieweg 14b

Place                           : District Para

POBox                        : 1723

Country                       : Suriname

Telephone                  : (597) 0367307/ 0368173

Fax                              : (597) 0306758

Start date                    : December 23, 2004

Legal form                   : Limited Company

Registration number of The Chamber of Commerce of Suriname: 41566

Objectives                   :

1.    Producing, assembling, trading, importing, exporting and forwarding in transit cabins and other prefab buildings;

2.    Practicing goods trade, commission selling import and export business, running shop businesses and commercial businesses and conducting agencies in relation to the objective referred to in sub 1 and all of this in the widest sense in so far as legally permitted;

3.    Participating in, cooperating with, or running any business or enterprise, to which a company with equal or similar objectives is authorized as well as conducting the management of other enterprises of whatever nature in so far as legally permitted.

·                     Historical Overview

PRECAMP SOUTH AMERICA N.V. was established in December 2004 and is owned by PRE-CAMP S.R.L. in Italy for one third and Marnix Lie A Fat in Suriname for two third.

PRECAMP SOUTH AMERICA N.V. produces prefabricated modular cabins/buildings and steel frame houses. After operating for more than three years thirty one employees are on the payroll of PRECAMP SOUTH AMERICA N.V. In the previous period the sales have exceeded almost four million US dollars.

In October 2006 PRECAMP SOUTH AMERICA N.V. started a Branch in Trinidad and Tobago, named PRECAMP TT Ltd. This company submitted bids in 2006 and was successful in obtaining the following:

·         US$ 2.1 million contract with the University of Trinidad and Tobago (UTT) to construct a two storey building;

·         US$ 1.7 million contract with the Housing Development Corporation (HDC) to design and construct 40 low cost houses.

In 2007 PRECAMP SOUTH AMERICA N.V. signed a Distributor Agreement with ISS Products in Guyana and is currently in discussion to finalize a contract for French Guyana.

  Scope of activities

 The main focus of PRECAMP SOUTH AMERICA N.V. is on clients who prefer a high quality, comfortable, environmentally friendly and custom built accommodation. PRECAMP SOUTH AMERICA N.V. guarantees that the construction time is three times faster than a conventional building with the same dimension.

Example: a cabin (size 600*300*240) with one door, two windows, sanitary, electricity and a/c can be fabricated and assembled within seven days from raw materials!!

PRECAMP SOUTH AMERICA N.V. produces six types of modular cabins:

1.    SL- type: Low cost

2.    Precamp – type: standard cabin

3.    Welded-type: solid structure cabin, not possible to disassemble

4.    Bolted-type: solid structure cabin, easily disassembled

5.    Contractor’s type: super solid structure cabin

6.    Fixed type: a modified standard cabin on a concrete slab without the original cabin floor structure

In the previous period PRECAMP SOUTH AMERICA N.V. has supplied guard houses, personnel offices, sleep accommodations, lavatories, medical clinics, and much more.

Technical information about the cabins:

Frame structure: galvanized steel, thickness 1.5 – 3.0 mm

Columns: galvanized steel, thickness 2.5 mm

Wall panel: 40 mm sandwich panels with polyurethane foam core and galvanized, pre- painted sheets on both sides

Roof panel: 40 + 40 mm sandwich panels with polyurethane foam core and 0.6 mm galvanized, pre- painted sheets on both sides

Floor: galvanized structure with 21 mm marine plywood and vinyl.

   Mission

 PRECAMP SOUTH AMERICA N.V has the following mission statement:

To be the Caribbean Leader in Environmentally Friendly Prefab Building Solutions.

Company Values

·                     Integrity: We shall be honest in our dealings with employees, clients, suppliers, shareholders and the community in which we work

·                     Clients: We shall deliver the product quality that our customers pay for and expect from us.

·                     Employees: We consider our employees to be our most important asset, and will continue to invest in their development while providing them with a healthy and safe working environment.

·                     Excellence: We shall strive for continuous improvement in all our undertakings.

·                     Returns: We shall generate sufficient profits from invested capital to promote continuous growth and to ensure acceptable and sustainable dividends for the shareholders.