CIBC FirstCaribbean has announced its intention to relocate its San Pedro Branch operations
to Orange Walk Town.

To facilitate this move our San Pedro branch will close permanently to the public  on June 15, 2012.

In an official statement, Country Head, Glen Smith indicated that the current economic climate had necessitated a thorough review of the bank’s operations, resulting in strategic decision to relocate to the Orange Walk District.

“We remain committed to our clients in San Pedro and we encourage them to continue to bank with us through a number of options, including our Visa Debit Card products; Internet and Telephone Banking; and by mailing in Cheque Deposits.  We are also exploring additional options for providing banking services to our clients in the area that will be advised to our clients as they are finalized.”

He added that the new Orange Walk facility will provide CIBC FirstCaribbean with excellent opportunities for improving customer service while continuing to play its role as responsible corporate citizen in a new community.

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About CIBC FirstCaribbean

CIBC FirstCaribbean is the largest, regionally-listed bank in the English and Dutch speaking Caribbean serving over 500,000 accounts in 17 markets, through 3,400 staff, across 100 branches and offices. The bank offers a full range of market-leading financial services in: Corporate and Investment Banking, Treasury Sales and Trading, Retail Banking, Wealth Management, Small Business and Credit Cards.

CIBC FirstCaribbean is a member of the CIBC Group. CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world. Through its distinct business lines, CIBC Retail Markets and Wholesale Banking, CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor’s.

For more information about CIBC FirstCaribbean, visit www.cibcfcib.com

Media contact:
Debra King, Director of Corporate Communications, CIBC FirstCaribbean, Barbados Head Office; telephone: 246 367 2248; fax: 246 421 7148 and email: debra.king@cibcfcib.com.

Media contact:
Glen Smith, Country Head, CIBC FirstCaribbean, 21 Albert Street, Belize City, Tel: 227-7212

Robert and Kim Kiyosaki were the keynote speakers at the Summit, and this was their first visit to the country of Belize.  During their visit, they enjoyed a private tour of Lamanai, a flight over Turneffe Islands and the Blue Hole, private snorkel charter to Hol Chan Marine Reserve and Shark Ray Alley, followed by lunch at Victoria House and a private tour of South Ambergris Caye Subdivision.  In the words of Mr. Kiyosaki, “I grew up in Hawaii and have always had a love for the islands…but I never knew that such a place as this still existed.” When asked to sum up their impressions of Ambergris Caye, Mr. and Mrs Kiyosaki said iw was simply spectacular and they look forward to their next visit in 2013.

Robert Kiyosaki has written over 15 books with sales of over 26 million copies and in the #1 best-selling author of personal finance books, and three of his books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have reached #1 one on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.

According to the Intoxicating Liquor Licensing Act Chapter 150 of the Laws of Belize section 27 states that:

”   1. (a) all licensed premises in which liquor is sold under a publican’s general license shall be closed – on Christmas Day and Good Friday;
2. (a) All licensed premises in which liquor is sold under a malt liquor and cider license shall be closed – on Christmas Day and Good Friday
3. Any person who during the times at which any licensed premises are required by this section to be closed
(a) sells or exposes for sale in such premises any liquor; or
(b) opens or keeps open such premises for the sale of liquor; or
(c) allows any liquor, although purchased before the hours of closing, to be consumed on such premises, is guilty of an offence”

Vienie Robinson, Officer in Charge of the San Pedro Police Formation and Assistant Superintendent of Police, has stated that the police will be in full force enforcing the law. ASP Robinson explained that there is no provision that allows for the sale of alcohol before midnight Friday. She warned that police will be conducting a special operation with spontaneous spot checks to ensure that all establishments abide by the law. ASP Robinson went on to caution that if ANY establishment is caught breaking the law will be closed immediately. In addition, those who are caught breaking the law will be arrested and detained until they appear before the court until Tuesday.

The San Pedro Town Council (SPTC) however, has advised establishments that they are allowed to sell alcohol after 9PM on Friday. When asked if the SPTC have asked for special provisions regarding the law, ASP Robinson said, “They want me to break the law and that will not happen.”

Mayor of San Pedro Daniel Guerrero explained that the Council got the go ahead from the Minister of Tourism Honorable Manuel Heredia to allow establishments to sell alcohol starting at 9PM on Good Friday. When questioned about this matter Heredia said that during a meeting, ASP Robinson was informed about the traditional provision for Ambergris Caye given that it is a tourism destination. While Heredia agrees that by allowing establishments to open at 9PM on Good Friday contravenes the law, he indicated that there is an economic factor that he would want to see a special provision made for San Pedro. However ASP Robinson indicated to both Mayor Guerrero and Hon. Heredia that the law of Belize is the law of the land and that it will be enforced.

In an interview with Hon. Heredia, The San Pedro Sun was told that the Minister of Police Hon. John Saldivar is aware of the situation and had promised Heredia that San Pedro would be allowed the sale of alcohol on Good Friday starting at 9PM.

Acting Commissioner of Police David Henderson said that he will be taking up the issue with the Liquor License Board and that “I will not get into any back and forth. I will look at the situation and I will take a decision by tonight.”

Since 1994, establishments on Ambergris Caye have traditionally been allowed to sell alcohol on Good Friday within an agreed time. ASP Robinson maintains that traditions do not override the law and as far as the Police are concerned, they will enforce the law.

The organic product originates from the Quillaja saponaria plant, also known as the soap bark tree or Soapbark which is endemic to the warm temperatures of Chile and Paraguay. Nájera explained that the product was imported after he obtained the all-clear from the Belize Agriculture Health Authority (BAHA). The plant, which is considered non-toxic, has great pharmaceutical properties but in its organic state, can be used for bathing or for washing clothes.

Nájera says that in its organic state his product can be used externally to reduce excess skin oil and dandruff. The product comes neatly wrapped in paper and sold in units of two 15-gram packs marketed in a brown paper bag. The bag is sold for $10. Before using, the soap will take a few minutes of perpetration.  The product will have to be dissolved in water and put to boil. Once the water has come to a boil, it can be used for bathing. Nájera explained that the water can also be used to wash clothes; perfect to remove bad odor and stains from clothes without compromising the color.

Anyone wishing to buy the product can look out for Jose Nájera around San Pedro Town or contact him via his email address at josenajera@yahoo.com

Wine lovers will be happy to learn that Wine de Vine has become the new Official Partner and Distributor of Moët Hennessy Wines and Spirits in Belize. The partnership comes after Wine de Vine took the initiative to pursue the distributorship when they learned that their previous supplier would no longer be carrying the products. Wine de Vine says that because there was no official distributor for the country before, wholesalers had to buy through unofficial channels, which ended up pushing up the cost of the products and made availability unpredictable.

What this new partnership means for the country is that Wine de Vine will now be able to offer direct access to the wide range of Moët Hennessy products and will allow for much more reliable availability, as well as cheaper costs at both the wholesale and retail level. Mrs. Flor Bradley, manager of Wine de Vine, says that this is an exciting time for the company as it opens the doors to a large selection of popular and coveted products that are instantly recognized as top liquors worldwide. The Moët Hennessy portfolio includes renowned brands such as Moët et Chandon, Krug, Ruinart, Dom Pérignon, Veuve Clicquot, Ardberg, Mercier, Château d’Yquem, Hennessy, Glenmorangie, Belvedere, Domaine Chandon California, Domaine Chandon Australia, 10 Cane, Bodegas Chandon, Cloudy Bay, Cape Mentelle Vineyard, Newton Vineyard, Lapostolle Terrazas de los Andes, Cheval des Andes, Château de Sancerre, Château Cheval Blanc, Grand Marnier,Wenjun and Numanthia.

Although not all of the products on the Moët Hennessy portfolio are available at this time, Mrs. Bradley says that they are already working on the second phase of their partnership to increase the number of brands they now carry and have every intention to make as many of the products available for the Belizean market and consumers as quickly as possible. Wine de Vine currently carries several sparkling wines and red wines with plans to increase to the full range of Moët Hennessy Liquors.

When asked about the new partnership Mrs. Bradley said, “We are very proud to be able to do this because it is a huge accomplishment for us to be able to provide these products for retail and wholesale and to also continue to be able to provide these products for the tourist industry and anyone else who enjoys Champagne. For us to be able to do that and to do it at a price level that everybody will be comfortable with is great. It is very exciting; for us it’s a huge, huge accomplishment.”

At the moment Wine de Vine currently carries the following selections:

• Veuve Clicquot Ponsardin
• Moët et Chandon Imperial
• Maison Ruinart Blanc de Blancs & Rosé
• Dom Pérignon Blanc & Rosé
• Terrazas de los Andes Reserve Malbec

In the near future they will also be carrying these brands:

• Krug Champagne
• Maison Ruinart DOM Blanc & Rosé
• Hennessy Rarest Cognacs
• A wider selection of other Moët Hennessy Estate Wines

For more information contact Wine de Vine in San Pedro on Coconut Drive by calling 226-3430, in Belize City on the Northern Highway by calling 223-2444 or by email at info@winedevine.com or flor@winedevine.com

The San Pedro Sun would like to congratulate Wine de Vine on this exciting accomplishment and we look forward to seeing those great products here on the island.

Social Security Board Assumes the Presidency Pro Tempore of the Council of Social Security Institutions in Central America and Dominican Republic (CISSCAD)

Belmopan March 1, 2012. The XXXIII Ordinary Meeting of the Council of Social Security Institutions in Central America and Dominican Republic (CISSCAD) is being held in Belize City during March 1 to 2, 2012. The highlight of this meeting includes the formal handing over of the Presidency of the CISSCAD from Lic. Marlon de Souza, Deputy Director General of the Social Security Institute of Panamá to the Acting Chief Executive Officer of the Social Security Board, Mrs. Leticia Vega. The tenure of the Presidency is for a period of two years from 2012 to 2013.

CISSCAD member countries will be developing a work plan to execute the CISSCAD’s Strategic Plan 2012-2016 under the theme “Advancing social security through integration and collaboration.”

Belize became a part of the CISSCAD since 2004 as an observer and became a full member in 2005. CISSCAD’s main objective is to promote projects and activities aimed at universal coverage of social security benefits in the member countries. CISSCAD member countries attending this meeting consist of Costa Rica, Honduras, El Salvador, Nicaragua, Panama, Dominican Republic and Belize. Supporting this most important event are representatives from the Pan American Health Organization/World Health Organization and the Council of Ministers of Health of Central America (COMISCA).

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PRESS RELEASE

Beltraide Logo

Technical Assistance Workshop on Logistics for Small & Medium Sized Enterprises (SMEs) of Belize

February 28th, 2012 – The Belize Trade and Investment Development Service (BELTRAIDE) in collaboration with the Inter-American Investment Corporation (IIC), and Scotia Bank of Belize, is facilitating a Technical Assistance (TA) workshop, on logistics as part of our commitment to develop and enhance the export capacity and competiveness of SMEs in Belize. It will be held at the Belize Chamber of Commerce & Industry (BCCI) conference room, 4792 Coney Drive, Belize City, on February 29th to March 1st 2012 starting at 8:30am.

IIC has developed the FINPYME Program (Innovative Financing for Small and Medium Enterprises (SMEs)) as a diagnostic tool for SMEs; intended to help them improve their competiveness and facilitate their access to potential sources of financing. Phase 1 of this program was launched in 2009, whereby thirteen (13) companies were examined to assess their competitiveness which was conducted by Belizean consultants. Phase 2 of this program is the Group Technical Assistance workshops with the continued objective of enhancing their competiveness.

The Logistics Technical Assistance workshop will include topics such as:

• Shipping requirements and procedures
• Modes of transportation
• Shipping routes
• Frequencies and costs
• Insurance
• Supporting infrastructures
• Regulatory bodies
• Inventory management
• Role of Government & supporting agencies
• Trends and future development including case studies

For more information, please do not hesitate to contact:
Belize Trade and Investment Development Service (Beltraide)
14 Orchid Garden St., City of Belmopan, Cayo District, Belize
Tel: 501-822-3607; Fax: 501-822-0595
Email: beltraide@belizeinvest.org.bz
nilda@belizeinvest.org.bz ; Web Address: www.belizeinvest.org.bz

—END—

Deputy Prime Minster Gaspar Vega at the 26th Meeting of Bank Governors

Bank Governors from Central America and the Dominican Republic are on Ambergirs Caye for the 26th meeting of Governors ahead of the annual Bank Governors meeting scheduled to take place in Montevideo, Uruguay. The meeting was declared open by acting Prime Minister of Belize Gaspar Vega following an official statement by the President of Inter-American Development Bank (IDB), Luis Alberto Moreno. The two-day meeting started today, Thursday February 9th at the Coco Beach Resort, located north of San Pedro Town.

In his official statement, Moreno explained that the IDB is proud of its 20-year partnership with Belize in the social and economical development of the country. Moreno said that, “Belize faces today, important social and economical challenges, but also has enormous development potential. It’s expansive borders invites Belizeans to explore the endless opportunities for greater commerce with neighboring countries and is reminded of the need of cross-border cooperation in matters crucial to development.” He continued that “despite the vulnerability and uncertainty amidst a complex world they remain focused on the possibility of economic crisis, something that affects everyone. However, they also look forward with optimism, hopeful that with the agreement reached through dialogue they can lessen any financial impact should it happen.”

The 26th Meeting of Bank Governors, Ambergris Caye, Belize

While experts predict the possibility of an economic crisis in Europe, which can have serious implications on smaller regions, Moreno explained that the outlook for Latin America and the Caribbean appears positive. In 2011 the region registered production growth of 4.3 percent while Central American and the Dominican Republic showed growth of 3.8 percent. This is attributed to lessons learned in the past combined with over a decade of persistency by IDB that countries build and maintain a stronger economy. Moreno said that one of the main socio-political problems that need to be discussed and addressed is the area of rural development. “Despite the great agricultural potential in the region, the rural area has the largest number of people living in poverty. We have to work not only to improve the agricultural sector in these areas but improve the standards to have these products reach the international market. Tourism is another avenue that can be used to improve rural development and create employment opportunity,” said Moreno.

Moreno told the press that one of the main topics that will be discussed is the issue of crime in the region. According to Moreno, crime alone is costing the region 8% of GDP (gross domestic product) to combat and it’s something that is of concern. Moreno explained that other areas that will be discussed are regional integration. The delegates will also look at the opportunity to strengthen and grow the tourism sector and create solid structural reform. When questioned about the challenges faced in the region, Moreno explained that the main one is infrastructure which is important to connect the region in an effort to increase trade.

According to Moreno, during the meeting, they hope to listen to the shortcoming and challenges by country and will analyze which projects the IDB would focus on. “We cannot be the sole financier of all the country, we don’t have the capacity and it would not be good for any country,” explained Moreno. In the past 20 year Belize has enjoyed over US $200 million in total lending and Moreno explained that the loan interest rate is 1.5%. Belize has also received over US $20 million in grant funding.

As part of the meeting Belize also joined the Salud Mesoamerica 2015 Initiative of which the initiative’s first project will see Belize receiving US $250,000. The money will be used to help reduce maternal and infant mortality among the poor and will benefit over 30 thousand women.

Mon Feb 6, 2012 12:41pm EST

– There are signs that the Belizean government is becoming less willing to service its external commercial debt.

– In addition, Belize faces external imbalances, limited access to external funding, and rising costs of servicing general government debt.

– As a result, we have lowered our long-term foreign- and local-currency sovereign credit ratings on Belize to ‘CCC+’ from ‘B-’.

– The stable outlook balances the possibility that the government will seek debt relief to reduce a rising external interest burden against the possibility that debt management will improve after the election.

Feb 6 – Standard & Poor’s Ratings Services said today that it lowered its long-term foreign- and local-currency sovereign credit ratings on Belize to ‘CCC+’ from ‘B-’. The ‘C’ short-term credit ratings are unchanged. The outlook is stable.

“The downgrade reflects signs of lower political willingness to service Belize’s external commercial debt obligations,” explained Standard & Poor’s credit analyst Kelli Bissett. “In addition, Belize faces external imbalances, limited access to external funding, and rising costs of servicing general government debt.” On Jan. 31, 2012–during an announcement scheduling early elections for March 7, 2012–Belizean Prime Minister Dean Barrow introduced continued debt service of the government’s US$546.8 million bond (known locally as the super bond) as an election issue. The nature of the statement and prominent public office of the speaker signals, from a credit perspective, lower predictability that the government will continue to service its external commercial debt. Although a future United Democratic Party (UDP) government could ultimately back away from its leader’s campaign rhetoric, the injection of the superbond into the campaign follows increased policy unpredictability (including the nationalizations of Belize’s main electricity and telecom companies in the last two years) and raises questions about the political commitment to timely debt service.

Read the full article here on the Reuters News Network: http://www.reuters.com/article/2012/02/06/idUSL2E8D68PG20120206

Ministry of Natural Resources, and the Environment
Belmopan, Belize, C.A. ph: (501) 802-2711, (501) 802-2249;
Fax: (501) 802-2333, (501) 802-2083
Email: ceo@mnrei.gov.bz

My Ref: CEO/MNR/07/12 (47)

Press Release
Treaty Energy Corporation’s Press Release on Oil Discovery in Southern Belize

THE MINISTRY OF NATURAL RESOURCES AND THE ENVIRONMENT INFORMS THE GENERAL PUBLIC THAT THE INFORMATION BEING CIRCULATED TO THE MEDIA HOUSES BY TREATY ENERGY CORPORATION RELATING TO OIL DISCOVERY IN THE SAN JUAN #2 WELL IN SOUTHERN BELIZE IS FALSE AND MISLEADING.

THE MINISTRY CATEGORICALLY REFUTES THE IRRESPONSIBLE ACTIONS OF TREATY ENERGY CORPORATION IN ITS MISINFORMATION ON DRILLING SUCCESS AND THEREFORE RESPONSIBLY ADVISE THAT AN INSPECTION CONDUCTED ON THE MUDLOG AND ROCK CUTTINGS FROM THE WELL, BY THE GEOLOGY AND PETROLEUM DEPARTMENT, CONFIRMED ONLY MINUTE TRACES OF TAR WHICH IS COMMONLY OBSERVED IN ROCK FORMATIONS IN MANY WELLS PREVIOUSLY DRILLED IN BELIZE THAT WERE NOT COMMERCIAL.

IT MUST BE EMPHASIZED THAT NO LIVE OIL, IN LARGE AMOUNTS, WAS OBSERVED IN THE ROCK CUTTINGS WHICH NORMALLY INDICATES SOME LEVEL OF POTENTIAL AND WOULD REQUIRE FURTHER ANALYSIS AND TESTING TO DETERMINE WHETHER IT IS COMMERCIALLY VIABLE.

THE MINISTRY OF NATURAL RESOURCES AND THE ENVIRONMENT ASSURES THE GENERAL PUBLIC THAT ALL CONFIRMATION ON OIL DISCOVERIES WILL BE DECLARED BY THE GOVERNMENT OF BELIZE AFTER PROPER TESTING AND APPRAISAL. THE GOVERNMENT DID NOT ENDORSE THE DECLARATION BY TREATY ENERGY AND THEREFORE ITS PRESS RELEASE WAS UNAUTHORIZED.

31ST JANUARY 2012

Treaty’s Drilling Team Struck Oil on its First Well on the Princess Concession in Belize on Friday, January 27th, at about 4:30 PM-CT – This 1st Well, SAN JUAN #2, will be Completed and Put into Production Following Review by Belizean Regulatory Officials – The Stann Creek Field is Estimated to Contain up to 6 Million Barrels of Recoverable Oil

NEW ORLEANS, Jan. 30, 2012 /PRNewswire/ — Treaty Energy Corporation (OTCQB: TECO) (www.treatyenergy.com), a growth-oriented international energy company, today reported drilling success on its first oil well, SAN JUAN #2, in Belize, Central America.

The SAN JUAN #2 well is near Independence Village, Belize, located adjacent to the Port of Big Creek in the Stann Creek District.

Final phase of drilling this well commenced on January 24, 2012, after review and compliance with all government regulations, requirements and inspections by Belizean officials and permission granted.

The initial casing (8 5/8 inch) was set and cemented in place using upgraded cement that was requested (H Grade). Upon completion of the cementing process it was allowed to cure for more than 24 hours.

Once the cement was properly cured and inspected by government officials permission was then given to drill to depth on the well.

All information compiled by Treaty engineers, geologists and its own accomplished oil industry veterans (Steve York, Bill Harden) indicated that we would start to encounter shows of hydrocarbons around 1100 ft.

At 1235 ft hydrocarbons were detected in the form of a gas register. This presence of C1-C4 gas readings indicated a geo-pressurized oil bearing zone/gas driven. As drilling continued the indicator steadily increased from the depth of 1235 ft with readings being taken at 1 ft intervals.

On site analysis of the cuttings by Advanced Geological Services, Treaty’s “Mud Logging” equipment supplier and consultant revealed that hydrocarbons (Oil) were present in the cuttings samples. Continued drilling showed a constant increase in hydrocarbon presence in the formation through 1290 ft, after which there was a steady decline. This defined the producing zone to be 1235 ft – 1290ft.

Andrew V. Reid, Chairman and Co-CEO of Treaty Energy Corporation, stated, “We were advised by the drilling team to produce this first well, SAN JUAN #2, at the first pay zone based on their professional expertise. It is our plan to drill SAN JUAN # 1 deeper than SAN JUAN #2 in the belief that there may be additional pay zones present.”

The cursory field examinations of the cuttings samples indicate lime characteristics with good porosity and high saturation. On site personnel evaluated the samples and came to the following conclusions. The characteristics are very similar to some of the great oil producing zones in Texas, specifically the Ellenburger Lime, Hope Lime, Caddo Lime, Edwards Lime, etc. The characteristics of these Lime plays are very well documented with initial production rates up to and sometimes exceeding 1000 BPD. These plays have produced hundreds of millions of barrels of oil over the past century and have been the source of many of the great Texas success stories.

Based on analysis and results the following plans will be implemented as we work in accordance with Belizean officials to properly integrate and produce this well.

1. Total depth of the SAN JUAN #2 well will be 1300 ft.
2. The drill pipe will be removed from the hole and the hole will be conditioned for completion.
3. A “four-quadrant” camera shot will be made to provide the geologists a photo image of the pay zone in four 90-degree views.
4. The 4 1/2 inch tubing will be set and cemented in place in the well bore.
5. Wire Line Logs will be done to supplement the Mud Logging data.
6. The casing will be perforated in the oil bearing zone.
7. Standard completion procedures will be performed to bring the well on line.

Treaty is in the process of acquiring its own wire line logging equipment. This equipment will be delivered to Belize on Treaty’s newly acquired tractor/trailer that Treaty purchased to expedite deliveries of time sensitive items that are required for the Belize drilling projects.

Mr. Reid, commented,

“Treaty’s initial analysis of the 200,000 acre ‘onshore’ Princess Concession includes 80 anomalies showing promise. Through early analysis we believe we have so far identified 3 possible oil bearing fields of various sizes. Treaty chose the current, Stann Creek Field, for our initial exploration wells because of its easy access by our drilling team, proximity to nearby port facilities, and it being well outside of any protected areas. Our internal analysis indicates that the Stann Creek Field covers an area of around 350 acres, and with 4-acre spacing we would expect to drill up to 90 wells in this oil field. Based on our initial findings, we estimate there are about 5,000,000-6,000,000 Barrels of recoverable oil in place in this first finding.”

Mr. Reid added,

“We will commission third party engineers to confirm our estimates in the coming months. Treaty has 200,000 acres to explore within the ‘onshore’ Princess Concession and 1,400,000 acres on the Paradise Concession. We are taking all the necessary steps to move forward with an aggressive yet environmentally conscious drilling program on the Stann Creek Field and will continue analyzing all our additional acreage for additional drilling locations.”

About Treaty Energy Corporation

Treaty, an international energy company, is engaged in the acquisition, development and production of oil and natural gas. Treaty acquires and develops oil and gas leases which have “proven but undeveloped reserves” at the time of acquisition. These properties are not strategic to large exploration-oriented oil and gas companies. This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.

Forward-Looking Statements:

Statements herein express management’s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks. These risks are detailed in the Company’s filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from such forward-looking statements.

Contact:
Osprey Partners
Tel: 732-292-0982

Mayor Paz delivered her speech to a Lions’ Den full of empty chairs and 15 people which included two of her councilors, three senior staff members, audio and video technicians and reporters. A group of concerned residents opted to protest the Mayor’s end of term report by staging a walk-out just as the Mayor began her report.

When questioned by the media about the content of the report, Mayor Paz went on record to say that she would be available, along with her administrator on Friday January 27th to respond to any questions. Despite numerous phone calls to the SPTC on said date, Mayor Paz and her Administrator Patricia Tillett, were unavailable.

We will continue attempting to get some more answers, which we will include in the next issue of The San Pedro Sun Newspaper. For a copy of the report presented, CLICK HERE