Las Terrazas announces the launch of its redesigned website with expanded content.

SAN PEDRO, Belize - December 31, 2006 - Las Terrazas, a real estate development on the island of Ambergris Caye in Belize, is pleased to announce the unveiling of its updated and redesigned community website (www.lasterrazasbelize.com ). The new website will serve a dual function of presenting information on the new real estate development currently underway on the Belize island of Ambergris Caye and provide a means for existing villa and condominium owners to stay informed on the progress. Prospective owners and investors are able to download detailed floor plans of all the villas, condominiums, and beach homes currently under construction, request additional information, and read about the many advantages of owning a condominium in Belize within the new community of Las Terrazas.

“The new website reflects the rapid growth and interest in Las Terrazas since we broke ground in early spring of 2006 and we are excited about the continued visibility it will give us to prospective investors and home owners”, said Luis Lattore, of the Las Terrazas development team. “The additional content and web based features on the new website will allow existing home owners to be better informed about the current progress occurring with the development of the Las Terrazas community.”

Las Terrazas is an Ambergris Caye real estate development that will consist of 74 units and two private beach houses located on the white sand beaches of the Belize island of Ambergris Caye. The community borders the Caribbean ocean on one side and an inland lagoon on the other, creating a beautiful sanctuary for its residents to relax and enjoy the natural environment of Ambergris Caye, Belize. Las Terrazas has been carefully designed to maintain a sense of harmony with nature while at the same time offering an ideal balance between the environment of a pristine island and a comfortable living style.

Pre-construction sales continue to be offered for a limited time with prices remaining at just $265,00 for a fully furnished 2 bedroom unit. Las Terrazas represents an excellent opportunity to get in on the ground floor of owning a fully furnished premier beachfront property on an island in Belize. The advantages of owning a residence within Las Terrazas are many. Many of the units command a prime beachfront location on the island of Ambergris Caye. In addition, the largest barrier reef in the northern hemisphere and some of the best scuba diving in the world is just a short boat ride away from the beaches of Las Terrazas. The units provide spacious floor plans and large terraces on each of the villas face directly towards the beach. All units will have deluxe interior decoration packages, cable and high-speed internet access, a proven developer track record, excellent construction, and a fantastic property value appreciation and rental revenue potential. Acquiring real estate in Belize is a great investment as there are no capital taxes or inheritance taxes and the currency exchange rate remains stable. Property appreciation in Belize has been in an overall 20 year uptrend and it is expected that this trend will continue. The complete site plan and list of amenities for Las Terrazas can be viewed on the new website at www.lasterrazasbelize.com. Phase I of the construction is expected to be completed in April/May 2007.

About Las Terrazas Villas and Condominiums

Las Terrazas (http://www.lasterrazasbelize.com) is a forthcoming island community of 74 fully furnished villas, condominiums, and two private beach houses on 4.8 acres of private beachfront on the island of Ambergris Caye, Belize. The units will be fully furnished with everything needed to enjoy immediate occupancy and will be handsomely appointed with stainless steel appliances and granite countertops. Ambergris Caye is the largest island of Belize and has made popular the phrase, “no shirt, no shoes, no problem.” Las Terrazas is only minutes north of the main island town of San Pedro which offers residents and vacationers an array of restaurants, bars, and shops. At Las Terrazas residents will enjoy the laid back atmosphere of island living along with the convenience of reaching Ambergris Caye from Belize City either by a short flight or by means of the numerous high-speed sea ferries.

Contact:

Tony Rodriquez
Email: info@lasterrazasbelize.com
Tel: 1-800-399-6768

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