Charles Shirley, CEO of Window Rock Capital Holdings, Inc., a real estate asset development company, has released a Shareholder Letter outlining recent activity. The letter follows:
In light of recent developments with the Company, I am pleased to provide you with an update on the Company's activities and improved outlook ahead of us as we move toward 2007.
As you all know, the Company has had reporting issues with the Securities & Exchange Commission ("SEC") since 2003. Current management, who inherited this issue, has a solution, which is currently in the works.
The Company negotiated a compliance agreement. On November 1, 2006, the SEC signed the settlement. The Company has agreed to file a Form 10-SB, which requires a two-year audit, to be filed January 2007.
The Company has hired a securities attorney, Carl Duncan of Bethesda, Maryland and an auditor, Malone & Bailey, P.C. of Houston.
The Company is moving forward with all business development plans. As part of an Austrian joint venture, we plan to develop a small rehabilitation facility in Heidenreichstein, the first hard assets in the Company's 20 years.
The Company has also obtained partial ownership in a piece of property in Jamaica. We are working with our Jamaica partners to develop housing in Spanish Town, St. Catherine Parish. We are exploring financing options with OPIC, World Bank, and Latin American Development Bank. The Company also is pursuing the development of the land in Belize.
The Board appreciates shareholder patience since the new management came on board. The Company has a number of significant, exciting opportunities ahead in Austria, Jamaica, and Belize.
I look forward to further updating shareholders in coming months with news of the Company's progress in the much improving business outlook.
About Window Rock Capital Holdings, Inc.
Window Rock Capital Holdings, Inc. is in the real estate development business. Window Rock brings together developers, architects, and investors to establish a unique real estate platform in the U.S., Europe, and Latin America. More detail can be found at our website http://www.windowrockcapital.com.
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further details please request and review the official Offering Document. For further information about Window Rock Capital Holdings, Inc. please refer to its Website at www.windowrockcapital.com.
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