GO Zone Opportunity for Investors

The GO Zone Act allows for a significant acceleration of the normal depreciation deduction by allowing a bonus depreciation deduction in the first year Qualified GO Zone Property is placed in service equal to 50% of its cost, in addition to the normal depreciation deduction for the balance of such costs. This benefit is available to businesses of all sizes, and there is no dollar cap on the total amount of bonus depreciation that can be claimed. The bonus depreciation can be used for investments in Qualified GO Zone property, which must meet the following four elements: (1) Eligible property (generally, equipment, non-residential real property or residential rental property); (2) "substantially all" of the use of which is in an "active trade or business" in the Go Zone; (3) the original use of which began in the GO Zone on or after August 28, 2005; and (4) which was acquired by "purchase" for which there was no "written binding contract" for its acquisition in effect before August 28, 2005.

The window of opportunity for using the bonus depreciation is narrow. Qualified GO Zone property must be placed in service by December 31, 2007 for personal property and on or before December 31, 2008 for real property.

The Developers make no representations that these benefits will apply to any specific individual, but strongly encourage any potential investors in units in this project to consult their own tax professional.

Further information may be obtained at www.gozoneonleline.com.