Investments

Martinique Club Med reopens

Bank Of America Investment Club Med has reopened its new US$60 million Club Med Buccaneers Creek resort on the French West Indies island of Martinique.

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Investment Opportunity The reopening of the resort, set on one of the islands most beautiful beaches, represents an important step in Club Meds ongoing global expansion and, the company suggests, 'its commitment to the needs of todays upscale traveller.'

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Banc Of America Investment The day of the opening -- December 17 -- also marked Club Meds inauguration of direct charter services from New Yorks JFK airport to Fort de France, Martinique. The plane transported Buccaneer Creeks first guests and a group of travel industry leaders to celebrate the iinauguration.

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Banking Investment The group included Liberty Travel C.O.O. Cathy Pelaez, who commented, "The opening of the new generation Club Med at Buccaneers Creek was spectacular. Buccaneer's Creek is back more beautiful and upscale than ever before -- our agents are also very excited to have this new and luxurious product to offer clients who are looking for an international, sophisticated vacation."

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Investment Solution Strategic The new weekly non-stop charter flights from New York Citys JFK International Airport to Fort-de-France in Martinique get our guests to Buccaneers Creek in time for lunch, commented Club Med Americas President and C.E.O. John Vanderslice, who accompanied guests on the inaugural flight. Regular weekly non-stop charter flights to Martinique will begin officially on February 1.

In 1996 Med Gen went public, raising $1, 000, 000 that together with investments from the founders, was spent for further research and development marketing and advertising expenses. In 2001 Albertson's, Osco Drug, Savon Drug and Acme Supermarket, all divisions of American Stores (Boise, Idaho) placed their first order for and for the first time Med Gen entered the world of major retail sales.

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