Strategy International Insurance Group, Inc.
OTC Bulletin Board : SGYI

Strategy International Insurance Group, Inc.

November 08, 2005 16:07 ET

Strategy Investments LLC Finances Three Shell Vacations LLC Resorts

TORONTO, ONTARIO--(CCNMatthews - Nov. 8, 2005) - Strategy International Insurance Group, Inc. (OTCBB:SGYI), a provider of specialty lines of insurance, reinsurance and structured risk underwriting focusing on credit risk and credit enhancement, announced today that its wholly owned subsidiary, Strategy Investments LLC, has agreed to finance three developments by Shell Vacations LLC.

Strategy Investments and Shell Vacations have entered into agreements wherein Strategy Investments will provide financing for three separate timeshare developments. These projects include the Vino Bello Resort in Napa Valley, California; the Mountainside Lodge Resort, Whistler, British Columbia; and the conversion of 80 units in the Ilikai Renaissance Hotel, Waikiki, Hawaii. Strategy Investments has provided equity that totals $27.5 million for the three projects. In exchange for its $27.5 million investment, Strategy Investments will own a 45% equity interest in the projects. Strategy Investments believes that the three projects, collectively, will generate revenues in excess of $30 million for Strategy Investments. It is anticipated that the closing of the financing will occur on or before December 15, 2005.

Napa Valley is home to California's premier wine region. The Vino Bello Resort in Napa Valley is set upon one of the most desirable locations for vacation development. The resort will be designed with an old world, Tuscan/Italian theme that ensures the natural feel of the Napa region, including its own private vineyard.

Mountainside Lodge is situated in the center of Whistler Village and about a 2-minute walk to both the Whistler Mountain Gondola and the Blackcomb Gondola. All hotel suites will be equipped with well-appointed kitchens, fireplace, jet tubs and many have private saunas. The city will be a key site for the 2010 Vancouver Winter Olympics.

The Ilikai project is a Hotel conversion in Waikiki, Hawaii which consists of units on the main beach area of Honolulu. The resort has been the backdrop for several major television shows and home to a long list of presidents, celebrities and dignitaries.

Commenting on this announcement, Stephen Stonhill, Chief Executive Officer of Strategy International Insurance Group, Inc. stated, "We are excited to partner with Shell Vacations on these projects. Understanding the booming vacation industry, we believe that financing these three projects will prove to be a lucrative investment for both parties."

About Shell Vacations LLC

Shell Vacations is one of the nation's largest independent vacation ownership operators with over 2,000 employees serving more than 100,000 owners/members at 22 resorts located from Hawaii to Eastern Canada. The company is also franchising its club systems and has announced two franchise resorts in the past several months. Please visit Shell Vacations website at

About Strategy International Insurance Group, Inc.

Strategy International Insurance Group, Inc., a Texas corporation is a publicly traded holding company for a group of financial service companies that are located throughout the world. Strategy Holding Company Limited is a wholly-owned subsidiary that sits at the top of a group of insurance related organizations that include Strategy Insurance Limited of Barbados, Strategy Insurance (Canada) Limited, Strategy Underwriting Agency Limited and an equity interest in ForestRe Holdings Ltd., ForestRe Ltd. and AgroForest Risk Management Ltd (collectively, "ForestRe"). Strategy Holding Company Limited, owns all of the insurance operations of which the key operating insurance company is Strategy Insurance Limited. Strategy Insurance Limited was incorporated in Barbados on December 23, 2003 under the Exempt Insurance Act and is an operating insurance company.

Forward-Looking Statement

Statements in this press release which are not historical in nature are intended to be forward-looking statements made in reliance on the "safe harbor" of the Securities Exchange Act of 1934. The Company cautions that forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such statements. When used in this press release, words including "anticipate", "believe", "estimate", "expect", "intend", "will", "could", "may and similar expressions, as they relate to the Company or the Company's management identify forward- looking statements. Such forward-looking statements are based on the beliefs of, as well as assumptions made by and information currently available to, the Company. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, domestic and international business, economic and political conditions and developments, competitive factors, pricing pressures, capacity and factors affecting the insurance industry. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement.

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