REFERENCES:

1. Mississippi Valley Title Insurance Company, Thomas E. Marvin, Esq., Chief Counsel (205) 443-9015, 3500 Colonade Parkway, Suite350, Birmingham, Alabama 35243

2. Heritage First Bank of Alabama, Mr. John W. Branam, President and CEO, (251) 981-5600, Post Office Box 3070, Orange Beach, Alabama 36561-3070

3. Regions Bank, Mr. James F. Currie, Jr., President - Baldwin County (251) 438-8082, Post Office Drawer 529, Fairhope, Alabama 36533

4. Gulf Shores Airport Authority, Mr. Russ Kilgore, Manager, (251) 967-3968, Post Office Box 919, Gulf Shores, Alabama 36547-0919

5. Computer Backup, Inc., Mr. Lance Alexander, President/Owner (251) 968-7322, Post Office Box 1544, Orange Beach, Alabama 36561

6. Beach N Bay, Inc., Mr. Larry Alexander, President/Owner (251) 968-8476, Post Office Box 1837, Orange Beach, Alabama 36561

7. Harless Development Company, Inc., Mr. Douglas J. Harless, President/Owner (205) 758-1720, Post Office Box 2537, Tuscaloosa, Alabama 35403

8. Carney Realty, Inc., Ms. Shirley Poulos, Broker/Owner (251) 968-7521, Post Office Box 2306, Gulf Shores, Alabama 36547

9. Doug Jacobs Real Estate, Inc., Mr. Doug Jacobs, Broker/Owner (251) 967-2400, Post Office Box 1277, Gulf Shores, Alabama 36547-1277

OTHER REFERENCES FURNISHED UPON REQUEST