Cap Lamandou     |      Belle Rive     |     Mining     |     Video     |     Simact News     |     Contact Us
Societe Immobiliere d'Agriculture, de Commerce, et de Tourisme

DEVASTATING EARTHQUAKE HIT HAITI

The SIMACT shareholders are all saddened by the news of the widespread devastation caused by this monstrous earthquake that hit our country with unexpected suddenness and ferocity.

Early reports indicate that the successive aftershocks may have closed the door of life to the entire city of Port-au-Prince making it the worst calamity known to any Caribbean nation to date. 
Sorrow fills our heart at this sad moment and we are asking everyone to help in the immediate recovery period by their prayers, services and monetary support. The very sad tidings of this disaster should pull all of us together as resilient Haitians to truly help rebuild our country......This is the time in our history to finally unite behind our banner "L'Union fait la force".
 
While needed help is beginning to flow into Port-au-Prince, Jacmel remains a city in ruins. Lamandou is still standing despite repeated tremendous aftershocks. Simact is asking for your help to maintain the hotel as a potential station for housing Relief mission personnel on a temporary basis. A full inspection of the hotel is to be done. Generators are about to run dry and the food supplies are running very low.
The Jacmel hospital is severely damaged and several families are homeless. Please, help by going to our Foundation website 
 
 Please visit http://www.simactfoundation.org to make an online donation or please make out a check to Simact Foundation, and mail to Simact, 247-02 Post Avenue, Westbury, NY 11590.

Executive Summary
SImACT, Inc. is a New York-based company with a range of investment interests that are focused upon the Republic of Haiti. SImACT (Societe Immobiliere d'Agriculture, de Commerce, et de Tourisme) was founded in 1996 by a group of Haitian professionals, initially focusing upon real estate development opportunities.
The company, which began with six investors, now has 51 shareholders. It has expanded the original vision of the founders and now encompasses investment and ownership in several key areas of enterprise - tourism, mining, financial services, and agriculture. With a capitalization investment in excess of $5,000,000, the company is now poised to take full advantage of its position as one of the most dynamic and progressive American companies engaged in business undertakings in Haiti.
SImACT is currently engaged in several exciting new initiatives in the areas of tourism, mining, and financial services that are based upon the platform of development and success that the company has experienced to date.

Tourism
Four years ago the company purchased the Cap Lamandou Hotel in Jacmel, on the southeastern coast of Haiti. Cap Lamandou Hotel was the company's first venture in the tourism industry and it has been a successful investment since its acquisition. Following up on this success, the company has purchased 200 acres of land in the northern part on the country in Milot, historically one of the key tourist attractions in Haiti.
Additionally, the company has already commissioned and received the completed design for the Belle Rive complex that will be built at a 28 acre Jacmel property on the southeastern coast of Haiti. Jacmel has been known as a cultural center of Haiti. It seasonally gathers every year thousand of tourists for film festival, carnival, music festival. It is well known a well known source of arts work. Belle Rive will consist of a 120 room luxury hotel as well as 94 condominium townhouses. The complex also will feature a marina, restaurants and array of amenities that will be unique, not only in Haiti, but throughout the region. Construction is planned to begin by the end of 2009 at an estimated total cost of $50,000,000.
Based upon these initiatives SImACT is currently engaged in discussions with one of the world's leading hotel chains regarding an affiliation/franchise agreement. The fact that Haiti represents a new market opportunity and that the management of the company has demonstrated its ability to create and maintain successful enterprises in Haiti has provided the impetus for these discussions which should reach a successful conclusion before the end of the year.

Mining
Mining represents another opportunity for the management of SImACT to pursue a diverse and consistently assertive investment strategy in Haiti. The rational and environmentally-conscious exploitation mineral resources in this country will provide for the growth of employment and internal development that are hallmarks of substantive and institutional positive change.

The company has invested $2,000,000 in this mining project. Earlier in 2009 it entered into a joint venture with Majescor Resources, Ltd. one of the leading global mining companies in Canada. With the technical experience and expertise of its joint venture partner, SImACT is pursuing the continuing exploration of gold and copper mining opportunities pursuant to concessions granted by the Haitian government. During the next two years it is anticipated that this venture will expend $10,000,000 to sustain research and exploration costs prior to bringing advanced properties to full exploitation and production.

Financial Services
The broad range of activities in Haiti has made it useful for the company to have a direct presence in the financial services industry in that company. The company acquired an 11% interest in Banque de l"Union Haitienne, one of the leading institutions in that country. The management of the company has considered several strategies that will permit it to profitably leverage its current position with the bank and within the industry.

Agriculture
Through its subsidiary SImACT Agro, Inc., the company has established a significant presence in the agricultural sector of Haiti. To date, its major initiative has been the importation of wood and wood products as an alternative to the continued utilization of charcoal which has had catastrophic deforestation consequences in Haiti.
During this calendar year Eco-Trade Haiti will be exploring additional opportunities in the agricultural sector. Included for consideration will be the acquisition of agricultural properties for the growth of various crops for internal distribution and export.

Conclusion
The management of SImACT is pursuing an innovative and creative series of investment strategies in Haiti. Its goal of creating a diverse yet consolidated company that will combine the goals of profitability and development are compatible with the strategies that have been adopted. The company is now pursuing opportunities to establish the appropriate capitalization platform that will result in the achievement of these stated goals. In addition, SImACT seeks to support needy communities through its Foundation.

 


 


View of the beach at Cap Lamandou

 


Belle Rive project

 


Cap Lamandou Hotel

 


Cap Lamandou pool

 


Cap Lamandou dining-room

 

Disclaimer: This is not intended to be an offer to sell nor a solicitation of offers to buy real estate in the Belle Rive Residences by residents of Connecticut, Illinois, New York, New Jersey or any other jurisdiction where prohibited by law.

 Cap Lamandou     |      Belle Rive     |     Mining     |     Video     |     Simact News     |    Contact Us