Palazzo I, A Condominium Developer: Acropolis Development Enterprises, LLC Located on Perdido Key Drive Pensacola, Florida Planned Residential Condominium 15 High-end Residential Gulf Front Units Community Swimming Pool and other amenities 100 ft. of deeded beach access Construction Expected to Begin December, 2005 www.palazzo1.com Palazzo II, A Condominium (Cont.) Developer: Acropolis II Development Enterprises, LLC Located on Perdido Key Drive Pensacola, Florida Planned Residential Condominium 15 High-end Residential Gulf Front Units Community Swimming Pool and other amenities 100 ft. of deeded beach access Construction Expected to Begin March, 2006 www.palazzo2.com