Newspaper & Mailroom

FIMA Subsidiary Takes on New Project for Oldest Newspaper in Mexico

Thursday 22. May 2008 - FIMA, Inc. , an emerging land development company incorporating resource exploration and mining, oil and gas exploration and extraction, and commercial and luxury residential real estate development in Central and South America, announced today that its subsidiary, Garcia & Garcia, has won the contract for a substantial remodeling project for El Dictamen, the oldest and one of the most prestigious dailies in Mexico.

The project, designed by architect Benedicto Garcia Corona, will involve extensive remodeling of the newspaper’s executive offices in Veracruz, and will take an estimated seven weeks and bring the Company $MXN 2,000,000 (approximately $USD 200,000).

According to a Company spokesperson, “This is of course terrific news both for Garcia & Garcia as well as for FIMA, and clearly demonstrates why were so pleased to add them to our team. The design and construction services of Garcia & Garcia are an important addition to our capabilities, and they add a vital presence in Mexico. This latest project for such a prominent organization as El Dictamen should only further enhance our reputation in Latin America, and we are very optimistic about our prospects for the future in this rapidly developing region.”