Announcements

On January 1, 2008 the national money, the Venezuelan Bolivar, will go through a currency change to the new Bolivar Fuerte which will take three zeros from it's current value.

The main effect of this process will be to eliminate three zeroes, 000, from all current coins and bills. As an example a Bs.50,000 bill will now be Bs.F.50.

Isla de Oro's General Assembly held on 5 December 2007 re-elected the existing Board of Directors for a second two-year term.

A total of 54 percent of Isla de Oro's statutory condominium ownership was represented at the Assembly either directly in person or by voting proxies. 82.4 percent of Isla de Oro's voting ownership voted in favor of the existing Board of Directors continuing unchanged for the period 2008-2009.

Due to an apparent misunderstanding on the part of an owner at Isla de Oro who has disseminated false and possibly misleading information about the work of the Isla de Oro condo board and home owners association board, the board, which is legally elected by a majority of owners and is the only official organ representing all owners, has seen it necessary to clarify the official status of one of its main channels of inter-community communication.

The Board of Directors of Isla de Oro has published, for anyone who is interested, a list of our beach club's most recent achievements.

In carrying out these activities, we have acted with fairness and transparency to improve the administration of the resort, obtaining many advances in areas such as labor relations, infrastructure upgrades and maintenance; legal issues, collections and arrears.

Recent achievements and accomplishments by the current management and Condo Board administration.

Dear Guests: The Board of Directors of Isla de Oro warmly welcomes you to our facilities and thanks you for making us your preferred destination for enjoying your vacations. We would like to take this opportunity to list a few common sense reminders...