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Miami Mega-Yacht Marina Selects SeaSecure

Maritime Activity Reports, Inc.

February 5, 2004

Flagstone Property Group was awarded the rights to develop a mega-yacht marina on Miami’s Watson Island by the City of Miami. Mehmet Bayraktar, Chairman and CEO of Flagstone, has said that the project will be completed by the end of 2006. In addition to the super yacht marina, Island Gardens will also include two high-rise hotel towers including fractional residences, a maritime gallery, restaurants, retail shops, and cultural facilities. Once completed, the Island Gardens project will employ more than 1,500 employees. In Miami, Joseph Herndon, Project Director with Flagstone stated that, “Flagstone selected SeaSecure due to their outstanding reputation and the level of experience and expertise found in their consulting and engineering departments. This is a unique project with many features that are not found in any other mega-yacht marinas, and we are confident that SeaSecure is the right partner for us.” “Island Gardens is a world-class project that will set new standards for luxury, services, and security for visiting mega-yachts from around the world,” said Kim Petersen, SeaSecure’s President. “SeaSecure is proud to have been selected by Flagstone to design and engineer the unique security programs and systems that will be a crucial part of the Island Gardens experience, as well as providing the required security assessments and plans mandated by Federal Law.”

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