Greenwich Village North

We have endeavored to create investment options that provide an opportunity for as many people as possible to participate. Below is a summary of the options available. Full details are available by requesting an Investment Offering Memorandum.

All prices quoted are in Canadian Dollars. For price conversion to other currencies go to the Universal Currency Converter: www.xe.net/ucc

Leasehold Investment

Purchase or build your own cottage with a ninety-nine (99) year renewable lease. You will have access to all of the resort facilities and property. And, you can choose to have GVN rent your cottage when you are not there or simply save it as your private get-away.

Preferred Shareholders

Option A. (1 share @ $100,000) This option offers:

• 20 % government rebate on investment,
• 5 weeks access to a 2-bedroom eco-cottage or 80% of the rental income for five weeks,
• 8% annual return on investment*

Option B. (1/4 share @ $25,000) This options offers:

• 20% government rebate on investment,
• 2 weeks access to a retreat cottage or 80% of the rental income for two weeks, plus
• 8% annual return on investment*

* The effective return is 10%, taking into consideration the government rebate. Due to tax treatment of dividend income, the 10% dividend return on your investment translates to a 12%-13.75 percent equivalent return (depending upon your marginal tax rate).

Common Shareholders

An equity investment is also available. Minimum investment is one million dollars. Please call us or send an e-mail to discuss this option.

For More Information

To receive the Investors Offering Memorandum please send a $200 donation (includes IBS membership, plus shipping, handling and legal costs for preparing and mailing the documents) to:

The Institute for Bioregional Studies
c/o Fortune Bay Ecolodge Designs Ltd.
Fortune RR4
Souris, Prince Edward Island
Canada   C0A 2B0

Attention: Phil Ferraro and Nancy Willis

In addition to the Offering Memorandum documents, members will receive:

• a tax-deductable receipt,
• 50% discount to all educational programs,
• 10% discount to future accommodations at GVN, plus
• 10% discount at our on-site environmental store.

Canadian Province
For the past five years the United Nations has consistently voted Canada the best country in the world to live in. Prince Edward Island, also the "Birthplace of Canadian Confederation", is steeped in a tradition idealized by the stories of L.M. Montgomery's "Anne of Green Gables". It is a favorite destination of over one million tourists each year.

Strategic Location
Located in Atlantic Canada, Prince Edward Island is easily accessible by air to North American and European travelers. (West Cable Head Private Airport is 5 minutes away. Charlottetown Airport is a 40 minute drive.) Visitors traveling by car can now reach the Island either by ferry from Nova Scotia or Quebec's Magdalen Islands or via the Confederation Bridge which links Prince Edward Island to the mainland.

Spectacular Site
Prince Edward Island is known as Canada's "Garden Province". Eastern King's County, the site of Greenwich Village North, is adjacent to the Greenwich National Park and is one of the Island's best kept secrets. The Greenwich Peninsula is known to locals as the "Jewel of the Island." The water is warm. The beach is pristine. The countryside is enchanting.

Unique Environmental Opportunity
By utilizing eco-friendly technologies and building materials, this development will be known for its discriminating concerns for the environment as well as its aesthetic design and exquisite beauty.

Health and Safety
Prince Edward Island has no tropical diseases, poisonous insects or potentially dangerous mammals commonly associated with other eco-tourism destinations. The water is abundant and pure, the air is clean and the people are friendly. Prince Edward Island has the lowest crime rate in Canada, a country widely recognized for its stability and safety.

High Marketability
The time-share opportunity allows access to a natural environment on one of the world's greatest islands at a fraction of the cost of owning. Steadily increasing revenues in PEI's tourism industry and the need for accommodations, matched with the newly designated national park next door, all add up to a location that will remain in high demand.

Top Notch Development and Operating Team
The development of this project is the result of five years of research and planning with some of the best minds in the tourism, hospitality and environmental planning industries. With this kind of experience the Greenwich Village North team will be leaders in professional management

Solid Canadian Investment
On the world markets, the Canadian dollar is currently drastically undervalued. According to the Universal Currency Converter at www.xe.net/ucc, rates as of February 9, 2001, 100,000.00 Canada Dollars = 66,224.096 US Dollars. At this price it makes sense for Canadians to keep their investment in Canada and for foreigners to put money into Canadian companies.

We invite you to take the first step and receive our full investment offer...
see Contact us for details.

These Internet web pages have been designed to acquaint interested parties with plans for Greenwich Village North ("GVN"). Information contained here is accurate as of the date of its publication (Fall, 2000), but all illustrations, projected construction plans, design elements and programs described are subject to change without notice.

This document is not intended as a prospectus; nor should any information contained here be relied upon or considered as a warranty of any kind by investors, donors or patrons of GVN. No securities commission or similar regulatory authority has in any way passed on the merits of the investment opportunity presented herein, nor has any such authority reviewed the investment opportunities and any representation to the contrary is in offence. A copy of the confidential offering memorandum and related documentation is available to any person contemplating an investment in GVN. Inquiries concerning investments, donations and patronage of GVN should be directed to Fortune Bay Ecolodge Designs Ltd. Those considering investment in GVN should seek competent independent financial advice before doing so.

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