Released on: September 16, 2008, 9:21 am

Press Release Author: Costa Rican Development Corporation

Industry: Real Estate

Press Release Summary: Even though real estate investment markets in the United
States have recently experienced a definite slow down, Costa Rican Development
Corporation is welcoming the heightened interest of foreign investors in the newly
developed Cerro Fresco community.

Press Release Body: During this current period of weak economy and sluggish real
estate markets in the United States, foreign investors are turning to Costa Rica to
find real estate investment deals, such as those offered by the Costa Rican
Development Corporation (CRDC). The Costa Rica real estate market is currently one
of the most popular and fastest-growing markets for retirement and vacation
residences, attracting investors from all over the world.

The Costa Rican Development Corporation’s luxury gated community, Cerro Fresco, is
one of the real estate investment opportunities attracting foreign investors to this
tropical country. The Cerro Fresco development caters to the high-end investor,
offering elegant Balinese bungalow villas filled with first class extras. Bob
Garcia, Cerro Fresco’s Internet Marketing Consultant, said, “In a time when the big
international real estate markets are proving to be a detriment to investors,
CerroFresco.com, backed by the Costa Rican Development Corporation, is offering a
haven for investors seeking serious investing potential and profit.”

With its 802 miles of coastline, abundant wildlife, waterfalls, rainforests, and
plenty of outdoor activities to enjoy, Costa Rica has become a desired tourist
destination, with nearly two million foreign travelers visiting the country in 2007.
The appeal of Costa Rica extends into the area of lucrative investment
opportunities, and the Costa Rica real estate market is experiencing a boom, both in
terms of retirees purchasing retirement residences and eager investors buying
residences with the intent of making a profit.

Located in Jaco´, the fastest growing area of Central Pacific Costa Rica, The Costa
Rican Development Corporation’s Cerro Fresco (www.cerrofresco.com/) is experiencing
an increased interest in its exquisitely designed villas. The stylish residences
are constructed using native Costa Rica woods and the most up-to-date appliances and
amenities. Cerro Fresco is situated 1,500 above sea level, giving residents
beautiful unobstructed views of the Pacific Ocean, waterfalls, rainforests and
tropical gardens.

Placing an emphasis on client satisfaction, Cerro Fresco promises “an alluring
quality of life experience.” Cerro Fresco’s Web site guides the viewer through
photographs of one of their Balinese bungalow villas as well as the restaurant and
spa located on the premises.

About CRDC: The Costa Rican Development Corporation (CRDC) specializes in the
design and development of top rate residential communities in Costa Rica, with an
emphasis on quality and customer satisfaction. In addition to Cerro Fresco, CRDC
also offers these elegant residential communities: Hermosa Highlands, Villas Altas,
and Highland Estates. For more information, please visit www.cerrofresco.com.

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

Contact Details: CERRO FRESCO SALES CENTER
Hermosa Highlands S.A.
Atrium Corporate Plaza
Escazu,Costa Rica
Email: info@cerrofresco.com
Phone:US (800) 729-5212