SOUTHERN CROSS LAND COMPANY
EXECUTIVE SUMMARY

CHERK S.A., doing business as, SOUTHERN CROSS LAND COMPANY (SCL), is an Argentine Sociedad Anonima (corporation) headquartered in Mendoza City, Mendoza, Argentina. Founded in 2003, SCL buys, sells, and develops real estate with a focus on properties in Mendoza (rural and vineyard properties, investment opportunities, resort developments, private communities, homes, villas, luxury city apartments). SCL also does business in Salta, Corrientes, Cordoba, Buenos Aires, and Patagonia, Argentina, plus we have business dealings in Chile and Uruguay. SCL works with clients interested in properties for investment, lifestyle, and retirement. SCL includes a professional services division that works with clients to plan, build, and manage any development. SCL is a licensed Argentine Inmobiliaria (a licensed real estate broker).

1) SCL specializes in turnkey services for buyers and sellers of properties in Argentina

* Property scouting (we find the ideal property for you).
* Property Development for commercial, tourism, or personal use, and follow-up project management.
* Due diligence research and advice for foreign buyers.
* Legal and title work to buy and sell.
* Business and banking consultation and advice (how to set up an Argentine corporation…we can do this for you).
* Vineyard development and planting.
* Property and vineyard management, including management of rental properties.
* Monthly accounting and progress reporting.
* Tax consulting and tax preparation.
* Related hospitality and travel services.

2) The SCL Land Team is composed of local real estate veterans, lawyers, property scouts, agronomists, agrimensors, enologists, and other professionals within each area where the company operates. This team is constantly looking for new properties to buy and develop on behalf of SCL and its clients. The team also specializes in custom property searches based on specific client requests.

3) SCL is a licensed Argentine Inmobiliaria (a licensed real estate broker). There is no effective MLS system in Argentina; therefore, the SCL Inmobiliaria division is constantly working to increase its in-house listings, while working with other real estate entities to compile the widest possible range of offerings for buyers and investors. SCL Inmobiliaria has properties for sale and for rent. SCL has many listings they are not able to show on their web site. Please inquire with your specific needs.

4) SCL is an experienced developer; working with the best architects (including our in-house architects), agrimensors (surveyor/planners), and construction specialists to plan and execute your chosen project. Our government connections enable you to expedite all planning approvals necessary at the local and national level.

5) The SCL Management, Hospitality, and Travel Team will have your property in perfect shape and well-stocked with food, wine, and other goods when you arrive. Our agronomists, winemakers, and professional staff will be waiting to give you a personalized report on all facets of your property or development. Need a chef, daily maid service, a babysitter, or other services? The hospitality team will take care of all your needs. Want more? How about tango lessons, cooking classes, Spanish lessons, courses in winemaking and in the art of being a sommelier.....golf, tennis, rafting, mountain climbing, or just relax and do nothing at all. The SCL Hospitality Team can arrange your South American travel for you, your family, friends and guests. SCL multilingual hosts can greet you at the Mendoza City Airport (or another airport of your choice) and escort you to your home, property, or hotel, then they can arrange everything from private winery visits to complete customized activity itineraries.

6) SCL focuses operations in the following areas:

            MENDOZA – Mendoza is the wine capital of Argentina. The city, located at the foothills of the Andes, 610 miles west of Buenos Aires, boasts a population of over one million. The dry climate, cool nights and hot days, the mineral-rich water, the sandy soil, and an abundance of sun combine to make this one of the finest wine growing regions in the world—the perfect terroir—capable of producing great wines of the highest order. Originally a desert, Mendoza has been transformed into a beautiful green oasis thanks to modern-day irrigation systems that were originally introduced in the days of the Incas. From the first immigrants to the current inhabitants, the people of Mendoza honor nature. Their hard work has produced a cornucopia of greenery throughout the immaculately manicured streets. Attractive plazas, broad avenues with ceramic-tiled sidewalks, numerous parks and fountains, rose gardens, and pedestrian walkways contribute to Mendoza's unique charm. With Mendoza as your arrival point, and at times your home base, you'll have the chance explore the province’s myriad of real estate opportunities, and to sample our finest wines, including our famous Malbecs. Valle de Uco—the heart of the Mendoza Wine Country, sprawled at the foot of the snow-draped Andes Mountains—is 90 kilometers south of Mendoza City on a paved road. Driving time is about one hour. Over $500 million USD has been invested in the wine infrastructure of Mendoza over the past 7 years. Valle de Uco wineries include Bodega Salentein, Bodega J&F Lurton, Winemaker Michelle Roland, Bodega Clos de Siete/Monteviejo and Flechas de Los Andes, Bodega O. Fournier, Bodega La Celia, Bodega Mil Pierdras, Bodega Andeluna, and others. Current SCL projects in Valle de Uco include: Tierra Mansa – A Private Vineyard Estate; a hotel/spa/vineyard project; a boutique winery project, construction of numerous custom homes, and management of over 200 hectares of prime vineyards. SCL also owns over 200 hectares of property in the valley, plus properties in Mendoza City, Chacras de Coria, Ugarteche, and other developing areas. We see Valle de Uco as having the best overall potential for investors (short, medium, and long term), and for lifestyle enthusiasts who want to immerse themselves in wine culture, and revel in the spectacular natural setting.

Special Opportunity in Mendoza for 2010

We invite you to visit the Tierra Mansa – A Private Vineyard Estate site within our web site. Tierra Mansa is a vineyard community in harmony with nature, located at the foot of the Andes Mountains in Valle de Uco. Complete packages—including lot (about 1.5 acres, planted with Malbec), and a deluxe 2 bedroom/2.5 bath home of about 1,635 square feet—start at $199,500 USD. Plus there is an excellent opportunity to rent your home through SCL management services to generate significant annual cash flow.
www.southerncrossland.com/properties/Tierra_Mansa.html

            SALTA – The northwestern wine country…colonial tradition, Inca relics and art, and stunning natural beauty. High Andean peaks, wind-sculpted red-walled canyons, rushing rivers, and fertile green valleys span across this vast landscape. The three main ecological and geological regions are: First, the quebradas, the high arid foothills with eye-popping painted desert hillsides, deep southern Utah/northern Arizona red rock canyons, desert swatches of cacti and sage, and green irrigated valleys that are among the most fertile in South America. Second, the yungas, in contrast, are subtropical mountainous jungles with thick vegetation and mist-shrouded hills. This Tropical Andes region is the richest and most diverse region on earth, with a sixth of all plant life in existence in less than one percent of the world's land area. Third, the puna, the cold barren high altitude plateaus near the borders of Bolivia and Chile.
Land values in the Salta region, though rising, are among some of the best values in Argentina for investors and for lifestyle. It is possible to buy large estancias, over 20,000 hectares, at reasonable prices by worldwide standards.
There are also smaller parcels suited to retirement or vacation homes, or to development.
Cafayate is the wine capital of the region, and is home to some of Argentina’s finest wineries, including Bodega Michel Torino and Bodega Etchardt. Situated 183 kilometers south of Salta via National Route 68, Cafayate has become the most important town in the Calchaquí Valleys. Located at 1,660 meters above sea level, the region is famous for its Torrontes grapes, the premier white varietal of Argentina.
Cafayate offers a number of investment opportunities for vineyards, wineries, lodges, hotels, and other tourism related developments, and is a gorgeous tranquil place to live. One specific place we recommend is La Estancia de Cafayate, Wine and Golf. Stephen just returned from the first annual Harvest Festival held at the end of March 2010. He comments that the development is one of the best he’s seen anywhere, with superior infrastructure to support a wonderful lifestyle community with every amenity you can imagine, everything from golf, to polo, to custom winemaking, and much more to come. For more information you can contact Sean Achaval  at sachaval@laestanciadecafayate.com or David Norden at dnorden@LaEstanciaDeCafayate.com  Sean or David will be delighted to supply the details you’ll need to learn more about their development, and to answer any questions you may have. And Stephen highly recommends that you visit Cafayate to see their community in person. It’s easy to combine a trip to Mendoza with a trip to Cafayate.

            SCL projects in Salta include an 18,000 hectare estancia purchased near Cabra Coral for a U.S. investment group.

            PATAGONIA/BARILOCHE AREA – SCL owner Stephen Vletas has over 20 years experience in the area related to fly fishing and upscale adventure tourism and lodge development. The most important areas include the resort towns of San Martin and Junin (two hours north of Bariloche), San Carlos de Bariloche, and the national park region from Cholila to Esquel (two to three hours south of Bariloche).
The "queen" of the Andean Lakes District is, unquestionably, the city of San Carlos de Bariloche, a city of 100,000 inhabitants. Located on the south shore of shimmering Lake Nahuel Huapi at 770 meters, the place is often called the Switzerland of Argentina. Loaded with hostels, lodges, upscale hotels and resorts, restaurants, shopping and every imaginable outdoor activity from world-class skiing to fly fishing for wild trout, Bariloche is one of Argentina’s most important centers of tourism.
Bariloche reminds us of Jackson Hole, Wyoming. Twenty years ago, real estate here was cheap and abundant. Today, relatively speaking, prices are like those in Jackson Hole (you just get a break because of the exchange rate). That said, there are stunning estancias, fishing properties, lodges, and development opportunities available for the discriminating investor, or for people who want to retire in style in a renowned resort community.

BUSINESS PLAN & DESCRIPTION

Mission: To provide the most reliable and comprehensive advice and services for individuals or companies searching for that ideal property that will meet their investment, retirement, or vacation needs....and then our team is on-site to develop and manage their chosen project.

The SCL turnkey approach means we can facilitate every aspect of a client’s investment or lifestyle objective.

Our services include:

Property Scouting -- Identification and location of properties, based on your specifications. This includes property inspections, and digital photographs that we send to you via email. Once we have identified properties that suit your needs, you visit us in Mendoza for personal site inspections.
Property Evaluations and Due Diligence -- We make sure you are receiving the highest value for your investment dollar, whether you are buying or selling. We match you up with properties that have the potential to meet your short, medium, and long-term goals. If you have already selected a property you are interested in buying, our due diligence services will ensure that the property meets your needs, and if not, you’ll know in advance of your purchase, thus saving you time and money.
Legal and Title -- All legal, notary, title checks, water rights searches, soil evaluations, and documentation, including notarized title (100% ownership) for the foreign investor.
Argentina Business Consulting -- The facts about doing business in Argentina, including cultural factors and bargaining tactics. Consultation regarding foreign investments, property taxes and exemptions, plus advise on the best way to set up a new Argentine corporation (S.A. or SRL).
Money Management and Movement -- We advise and can oversee the transfer of funds for all purchases and sales, and assist you in setting up the best methods for your ongoing business activities in Argentina, including opening bank accounts and entering money into the country according to Central Banking regulations.
Custom Travel Arrangements -- To and from Argentina, including lodging, private multilingual guides, private wine and adventure tours, plus real estate itineraries with our professional staff members.
Property Management -- After you buy your property, we can take care of it for you in turnkey fashion. This includes everything from accounting and technical services, to translating documents, hiring and managing employees, planting and managing vineyards, harvesting grapes and making your private label wine, or caring for your vacation home…it will be sparkling clean and well-stocked with food, wine, and other necessities when you arrive.
Inmobiliaria/Real Estate Brokerage Services – SCL is a licensed real estate broker with a wide range of property listings that include office buildings, houses, and apartments for purchase or for rent, vineyard and rural properties, and more. SCL Inmobiliaria represents property owners, to market and sell their properties, and SCL Inmobiliaria works with qualified buyers looking for specific properties to buy or rent. As a licensed broker, SCL can handle all legal and title paperwork for any real estate transaction.
Property Development – Architectural, Agricultural, and Construction Services – We can advise, plan, and execute any type of development you have in mind; from luxury resorts with hotels, spas and golf courses, to private communities, private neighborhoods, eco-tourism lodges, fly-fishing lodges, and more. We also can design and build private homes, guest houses, caretaker’s cottages, vineyards, small wineries, barns, fencing, wells, lagoons, and more. Our agronomists and enologists design your vineyards, and then we plant them and maintain them. Our enologists take your grapes from vines to wine, as we make your high quality private label wines. Our architects work with you to design your ideal project or home, then our construction team makes it real.

MARKETING STRATEGY

            SCL markets properties through its web site, Mendoza City office, a worldwide network of upscale real estate agents and through extensive business contacts developed over the past 25 years.
(Please Note: Inquiries from qualified real estate agents to form a working relationship are always welcome. Commissions are paid according to Argentine real estate law, and additional commissions are offered for projects where SCL is the developer.)

            SCL offers an opt-in client email database. We execute e-mail promotions for news updates and a variety of product services.

            SCL uses traditional print advertising and web-based display and banner ads for specific projects and services.

            SCL has an active on-going campaign to invite prominent writers and photographers to view, evaluate and report on our projects.

            Strategic partnerships play an important role in SCL’s overall marketing and sales operations. In that regard we work with other top developers and real estate professionals on various projects, and we are open to new relationships. We also work with local, regional, and international corporations, especially those in the wine and tourism industries.

OPERATIONS and CONTACT

            SCL has a full time professional staff based out of our downtown Mendoza City office. Our team includes the owner, notaries/escribanos, lawyers, architects, agronomists, agrimensors, enologists, real estate broker and agents, contractors, land evaluators, managers, support and field staff. Our office staff speaks English and Spanish, and can translate documents for clients on request.

Owner
Stephen Vletas

President: Laura Villegas
Office Manager: Lujan Castiglione
Director and Chief Legal Council: Luis Cuervo
Agronomist: Roberto San Pietro and Maria Antolin
Winemaking consultant: Valeria Antolin
Agrimensor: Aldo Delu
Accountant: Estudio Menniti
International Travel: Kim Vletas

SOUTHERN CROSS LAND COMPANY
CHERK, S.A.
TIERRA MANSA – A Private Vineyard Community
Sarmiento 250, Piso 2, Oficina B
Ciudad de Mendoza
Mendoza, Argentina
Telephone: +54 (261) 425-9303 or 425-9267
www.southerncrossland.com
Skype: Stephen.Vletas