CURRENT STATUS OF PROPOSED SKI TRAC SITES

BEIJING - On the 6th August this year an investment agreement was signed with the Beijing/Badaling and Yanqing County governments to purchase land allocated to us for the building of our proposed one mile diameter Megadome. Using the expertise of ASATI of Rye Brook, New York - the leading authorities in the field - a column-free air-supported canopy will be used that can literally cover a city. The roof will give a feeling of being inside-outside, providing ideal temperatures throughout the bitter winter months and hot summer days. Inside will be a wonder-destination including the world's largest indoor beach, longest surf wave, European-style shopping streets, hotels, resorts, 18-hole golf course, a 300m diameter open-slope Ski Trac and much, much more. The government, for which the project will be "the biggest landmark development since the Olympics," have granted land just 3000 metres from the Great Wall tourist entrance and allocated a railway station inside the dome on the planned Beijing-Badaling rail line.

This city-under-a-roof will also boast a 10,000 student University of Performing Arts providing most modern classrooms, numerous small, medium and large amphitheatres for shows and a 45,000 stadium with folding, movable partitions. Having a university associated with, and funded by the promoters of the dome provides a unique commercial and Educational relationship of mutual benefit to both parties. Amongst the advantages will be a constant supply of blossoming artists for the many concert venues and street performances within the dome. Mr Georges EmmerSon Caza of Canada, now resident in Beijing has been appointed CEO of the Megadome operating company. Mr Caza, a former licensed financial advisor with one of Canada's top three brokerage companies and an international financial advisor on numerous mandates world-wide, has been foremost in raising funds for the Megadome project. More information on this project is available by contacting skitrac@bigpond.net.au.

SOUTH AFRICA - A Ski Trac and Space Dome are being negotiated for construction at Maseru the capital of Lesotho,a state adjoining South Africa. The country is seeking a major attraction to boost its economy as part of a government initiative to increase tourism in that country. A push is under way to make this the world's first Ski Trac, an achievement also being sought by Dalian, in North East China.

DALIAN, CHINA - At the time of writing this (25th August) a request has been made for us to go to Dalian in Laioning Province to commence work on the planned Twin Dome project to be located at the Golden Sands Beach. The cold winter weather of the area leaves the beach area vacant for a good percentage of the year, and going indoors to swim both summer and winter has proved an attractive proposition to the promoters of this project, Dalian Sammyng Golf Management Ltd. A major feature of the Space Dome will be the world's first continuous wave pool, a series of eight surf waves complete with tube, and a height of eight feet. The inventor of the wave maker, Kevin Roberts of Daytona Beach, Florida has succeeded in making waves turn a corner! The 30 metre wide course of the waves will circle the outer 260m diameter of the Space Dome waterpark. The waves will be variable in height, and much of the time will cater for boogie boards, making this waterpark a major family attraction.

NEW SKI TRAC DESIGN

The Ski Trac rotating deck will no longer be confined only to its depicted 240 metre diameter dome (although that will be the standard product). The "Ski Ring," a 300 metre diameter deck comprising a cold room plus a roof cover over the deck area only, can be built on the side of slope at a much cheaper cost than inside a dome. The Ski Ring will accommodate up to 2000 skiers at any one time on a specially profiled rotating snow field. One such ring will be located in a huge Megadome being planned for Beijing.

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:

HONG KONG OFFICE: 5/F Hong Kong Trade Centre, 161 Des Voeux Rd,Central, Hong Kong. Phone (852) 8114 2684: