Disclosures

SEC Issuance of Certificate of Permit to Offer Homestarter Bond

Joint Venture Agreement with National Housing Authority

Board Approval on Formation of new subsidiary, preferred shares annual cash dividends, promotion of Mr. Alexis Legaspi, appointment of Mr. Dante Abando and establishment of a Sustainability Committee

Clarification on news article regarding Homstarter Bonds

Quarterly Report (SEC FORM 17-Q) June 2009