Released on: September 22, 2008, 1:17 pm

Press Release Author: Costa Rican Development Corporation

Industry: Real Estate

Press Release Summary: President Oscar Arias’ recent meeting with King Juan Carlos
of Spain was scheduled to promote Costa Rica as a desirable vacation location and
advantageous investment opportunity, and the Costa Rican Development Corporation is
reaping the profits.

Press Release Body: September 20, 2008 (San Jose´, Costa Rica) - With the intention
of further escalating the growing popularity of his country as a favored tourist and
retirement spot as well as a lucrative investment opportunity, Costa Rican President
Oscar Arias has recently met with King Juan Carlos of Spain to discuss possible
tactics to promote Costa Rica to Spanish citizens. The Costa Rican Development
Corporation has reported a surge of inquiries from high-end investors regarding its
most recently constructed luxury community, Cerro Fresco (www.cerrofresco.com)
following the talks.

President Arias is vying for heightened publicity for Costa Rica as a favorable
tourist destination as well as a profitable choice for investors worldwide. In
2007, Costa Rica’s tourism trade flourished, with nearly two million visitors
traveling to this tropical country. However, only about seventeen percent of these
two million tourists traveled from Europe, and less than two thousand tourists were
from China, another country targeted by Arias for increased promotion of Costa Rica.

With the tourist trade comprising the great majority of Costa Rica’s economy,
heightened awareness of Costa Rica as an exciting, affordable vacation location will
likely have tremendous positive effects on the country’s overall economic growth.
President Arias is aware that there is a substantial amount of tourism that can be
generated from countries that currently have a low percentage of tourists traveling
to Costa Rica. High-end foreign investors see Costa Rica as a booming region with
numerous opportunities for profitable investments, especially in the Costa Rica real
estate market, and are hoping to become a part of this extremely promising
investment venture.

The Costa Rican Development Corporation has experience a surge of activity
surrounding its Cerro Fresco community during the past month, presumably from the
publicized discussions of President Arias and King Juan Carlos. Total counts of Web
site visits, leads, and phone inquiries have skyrocketed, with both investors and
buyers showing an increased interest in the development. Cerro Fresco, offering
elegant, open-air Balinese bungalow villas, has been rising in popularity with
retirees, investors and tourists as a result of Costa Rica’s recent overall growth
as a favored location and the focused marketing campaigns for this luxury
development.

About CRDC: The Costa Rican Development Corporation (CRDC), a leader in today’s
Costa Rica real estate market, specializes in the design and development of luxury
residential communities. With an emphasis on total customer satisfaction, CRDC
guarantees quality and excellence in their stylish estate homes. CRDC’s current
developments are Cerro Fresco, Hermosa Highlands, Villas Altas, and Highland
Estates. For more information about Cerro Fresco, please visit www.cerrofresco.com

Costa Rican Development Corporation
Cerro Fresco Sales Center Atrium Corporate Plaza Escazu, Costa Rica
www.cerrofresco.com
Phone: US (800) 729-5212
CR (506) 2201-5250
info@cerrofresco.com
Contact: Bob Garcia
Office: (506) 2201-5250
(800) 729-5212


Web Site: http://www.cerrofresco.com/

Contact Details: Costa Rican Development Corporation
Cerro Fresco Sales Center Atrium Corporate Plaza Escazu, Costa Rica
www.cerrofresco.com
Phone: US (800) 729-5212
CR (506) 2201-5250
info@cerrofresco.com
Contact: Bob Garcia
Office: (506) 2201-5250
(800) 729-5212