MEISHAN, CHINA

Last month a joint venture company was established and now registered involving Meishan City, 70 klms south of Chengdu in Sichuan province for the purpose of constructing a Ski Trac and other associated projects. The JV company, 27% owned by the City's nominee company and Ski Trac International Pty Ltd, under the name Dongpo Island Tourism Development Company Ltd., is charged with not only the construction of a twin dome ski and space attraction, but the development of the whole island into a major world-class tourist complex. Accordingly, Ski Trac in association with a visit by a delegation of Meishan city officials which included the Vice Mayor signed (18th December) a project management agreement in Melbourne with New Global Management, a group associated with some major companies in the architectural, development and construction industry. The agreement, signed in the presence of a representative from the State Government and Melbourne City signals the commencement not only of what will be the world's first moving snowfield, but the initiation of a unique destination in China. The island adjacent to the city is named after Su Dongpo, a one time renowned Chinese literary figure billed as the Shakespeare of China. A major feature of the development will be attractions surrounding this iconic gentleman. Work on the whole development will commence in January of the new year. After many years of stops, starts, and recurring frustrations, Ski Trac International has its first official project.

Korea

A major announcement will shortly be made concerning projects in Korea.

SKI-TRAC OFFICES

INTERNATIONAL OFFICE: 5/50 Secam Street, Mansfield, Brisbane Qld Australia, Ph. 61-7-3849 7889, Fax: 61-7-3343 2222 Email: skitrac@bigpond.net.au

DONGPO ISLAND TOURISM DEVELOPMENT COMPANY LTD: No. 1 Huandao Road, Meishan City, Sichuan, China, PC 620020. Tel. 86-833 868 8888.