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Alekson Development Group Affiliate Fin City Associates Signs Casino Development Agreement with Guatemala

Alekson Development Group Affiliate Fin City Associates has signed a license agreement with the Guatemalan Government Gaming Agency for development of an unprecedented 6 world-class casino/hotel/golf destination resorts.

GUATEMALA CITY, Guatemala, November 12, 2008 -- Fin City Associates, a business development company focused on Guatemalan economic development has signed a licensing agreement with the Guatemalan Gaming Agency for development of an unprecedented 6 world-class casino/hotel/golf destination resorts over the next 10 years.

In partnership with Seattle based Alekson Development Group, gaming destination resorts will be advanced in Guatemala City, Puerto Quetzal, Puerto Barrios and Lake Atitlan starting second quarter 2009.

"Securing 6 casino licenses from the Guatemalan gaming authority clearly demonstrates the strength of Fin City and Alekson's development strategy" says Jim Alekson, Alekson Development Group President. "Our close association with Dr. Genaro Padilla has given us the competitive edge we need to become the premiere casino/resort developer in Guatemala". "With our shared vision and the finest showcase locations in Guatemala, we look forward to creating world-class gaming/resort destinations together with employment opportunities and training for thousands of Guatemalans."

Through affiliate Alekson/GW, Group West Companies is assigned the task of capturing the true Guatemalan spirit in master-planned resorts with lush, natural landscapes, waterscapes and tropical-inspired architecture reflecting Colonial, European and Mayan historical influences.

Employing the principal of "entertainment convergence" through integration of multiple broadly appealing entertainment elements including world-class hotels, luxury spas, retail villages, chef-branded restaurants, live entertainment venues, international marinas, and in some instances, world championship golf courses will provide guests with exceptional experiences.

About Fin City Associates

Fin City Associates, S. A., (fincityassociates.blogspot.com) is a Guatemala-based business and real estate development company headquartered in Guatemala City. With international partners from the United States, Canada, Guatemala and Venezuela, the company strives to build and operate financially and environmentally sustainable developments while preserving the heritage of Guatemala and providing much needed local jobs.

About Alekson Development Group and Alekson/GW

Headquartered in Seattle Washington, Alekson Development Group (AleksonGroup.com) provides development strategies for the programming, development and management of Guatemalan resort and real estate operations as well as being the US representative of Fin City Associates S.A. Alekson has more than 25 years of professional experience in developing and managing ground up mixed-use real estate assets.

Alekson/GW harnesses Alekson's development expertise and Group West Companies' (GroupwestCompanies.com) design expertise under one umbrella to create a world-recognized Guatemalan gaming brand. Alekson and Group West have collaborated in the development and management of international real estate assets in excess of $500,000,000.

About Fundación Pediátrica Guatemalteca (FPG)

Since September 22, 1989, non-profit FPG has focused on the care/education of Guatemalan children and has exclusive Guatemalan gaming authority through Guatemalan Congress Accord 746-89. (http://www.fundacionpediatrica.org).

For more information contact:

Jim Alekson, President of Alekson Development Group;

Phone: (206) 898-5869 or by email at: jalekson@aleksongroup.com

David Sterling, Media Liaison - Fin City Associates, S.A.; Phone: (206) 728-7998

or by email at: davidsterling@cablespeed.com






First Photo - Left to Right: Gilfredo Lopez - Fin City, Davis Clapp - Fin City, Jose Luis Guzman, Dr. Genaro Morales Padilla - Guatemalan Pediatric Foundation (FPG), Jim Alekson - ADG and Fin City, David Sterling FPG Official

Second Photo - Includes Additional FPG Official

Third Photo - Far Left: Monica Molina - FPG Public Relations


Click on any image for a larger view

Information is deemed reliable, but is not guaranteed.

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