Location:

Edmonton is the capital of the Province of Alberta and a major industrial and commercial centre that has experienced substantial growth in recent years.  Edmonton boasts on  of the most diversified economies in Canada and is expected to lead Western Canada in gross domestic product (GDP) growth over the next several years.  A higher anticipated base level of oil and gas prices has ignited Edmonton's energy-driven economy which is well positioned to capitalize on the untapped potential of Alberta's oil sands.

Greenboro Homes Ltd.:

The Company has a strong and stable management team and excellent relationships with trades, clients and land developers.  GHL has been successful in the real estate market of Edmonton, growing from 98 finished homes in 1999 to 324 homes in 2004. Over the past years the Company has consistently produced strong returns for its shareholders, with cash payouts on shareholders equity exceeding 10% per annum. The actual investments in land positions and relationships with land developers support a positive outlook on the ability of Greenboro homes to continue its good performance.