September 16, 2007

Breaking News from the Shalimar Association,

We are pleased to announce that the sale and potential development of Shalimar Golf Course and Country Club by Millennium Properties of Las Vegas has been terminated. The golf course management has been notifying the community of this recent development. A copy of their statement is here for your review.

Shalimar Association Board of Directors will continue to monitor the events regarding any future sale of Shalimar Golf Course. We would support the sale of Shalimar Golf Course so long as it remains a golf course in its entirety.

We sincerely hope that you will continue to play the course, enjoy the new offerings by the chef, and use the facilities for special events. The golf professional at Shalimar is top notch, as well as the many other fine employees at work there. Please use the link here www.shalimarcountryclub.com to check out the activities.

You may also want to read a related statement released by Shalimar Country Club.

Sincerely,

The Shalimar Association Board of Director