WEST END, GRAND BAHAMA ISLAND, April 28, 2004 - Old Bahama Bay, the premiere luxury resort, residential and marina community located in West End, Grand Bahama Island, has appointed Robert Kramm, a highly accomplished and experienced hospitality and industry veteran to the position of Chief Operating Officer and General Manager.

Mr. Kramm brings over thirty years of experience in luxury and full-service hotels, resorts, clubs and professional sports and entertainment complexes, to Old Bahama Bay, including fifteen years with Marriott and Sheraton Corporations. He is widely acclaimed for his abilities to lead organizations to new levels of operating excellence, marketing supremacy and fiscal responsibility.

As Chief Operating Officer and General Manager, Mr. Kramm is responsible for overall operations of the resort, which includes sales, marketing, administration, real estate, food and beverage. Additionally, he oversees the company’s development projects, which includes beachfront residences, golf course, and an airstrip to be completed in 2004.

“Bob Kramm has enjoyed a wide variety of successful endeavors and is particularly known for his team leadership skills, high standards, and sales and marketing expertise. I feel he will be a real contributor to Old Bahama Bay”, said Allen G. Ten Broek, President and CEO of West End Resorts, Ltd., the resort’s developer.

Prior to his appointment, Mr. Kramm served as General Manager of the Pier 66 Resort and Marina in Fort Lauderdale, Florida; Vice-President of Sales and Marketing for the Florida Marlins major league baseball team; and President of Pro Player Stadium Corporation, home of the Marlins and the Miami Dolphins professional football team.

His success as a leader can be measured not only by his skills and abilities, but a proven track record of financial success. In 1996, while President of Pro Player Stadium, he achieved a significant increase, more than 100% in revenue, through a restructuring of the sales and marketing organization and a “value-added” upgrading of the total “fan experience” for all 700 annual events.

“I am excited with the opportunity to lead the Old Bahama Bay hospitality team to new and expanded levels of service and provide memorable vacation experiences for our guests”, said Kramm. “ Old Bahama Bay is quickly becoming one of the most exciting new properties in The Bahamas and the Caribbean.”

Situated on the western tip of Grand Bahama Island, Old Bahama Bay features 82 home sites, a 49-room luxury suite hotel, and a 72 dock slips state-of-the-art marina. An ideal Bahamas vacation spot, located just 56 miles from the Florida coast, Old Bahama Bay offers luxurious out-island living where suite owners and guests can enjoyed a host of amenities and services that include an oceanfront swimming pool, complimentary use of the fitness facility, casual and fine dining venues, massage services, complimentary water sports, custom-designed snorkel areas and white-sandy beaches.

Due to the overwhelming success and demand for the suites as both hotel accommodations and as condominium units, Old Bahama Bay has announced construction of 20 additional units - 4 two-bedroom suites and 16 deluxe rooms. The construction, which is scheduled to be completed by early 2005, will bring the total number of guestrooms to 69 units.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Old Bahama Bay was founded by the principals of Holding Capital Group, Main Street Resources (formerly Colt Capital Group), Allen & Company and Cavalier Construction, (the leading Bahamian construction firm). Old Bahama Bay’s management and advisory team has been involved in the development and operation of such world-class resort communities as South Seas Plantation, Parrot Cay, The Guanahani Hotel, The K Club, Little Palm Island, and many others.

Today Old Bahama Bay is one of the most naturally spectacular and elegant oceanfront residential,
Resort and Marina communities in the Caribbean.
For more information on Old Bahama Bay
contact us at 1-800-444-9469