MajesteTchatchoua Tchande C. Emmanuelof The Republic of Cameroon Meets by abo20752



Media Contacts:
Chris Childress, Prime Income Asset Management
469.522.4275 /

 MajesteTchatchoua Tchande C. Emmanuel of The Republic of Cameroon Meets with Gene
                     Phillips, Chairman, Balkan Energy Company

Senior Officer of the Cameroon Ministry Trade Meets with Dallas-based Real Estate and Energy Sector Advisor to
                          Discuss Country’s Plans for Aggressive Infrastructure Growth

DALLAS, Tx. (January 29, 2009) – A senior officer of the Cameroon Ministry Trade, Chief Clemente Emmanuel,
met with Gene Phillips, Dallas-based real estate and energy sector advisor, to discuss the country’s plans for
aggressive infrastructure growth. The government of Cameroon was invited to Dallas by Sanmi Akinmulero of the
African Chamber of Commerce DFW. The Republic of Cameroon sent a 10 person team to Dallas to further the
country’s economic and commercial trade mission between the Cameroon and the United States. Those in
attendance included Gene Phillips, Chairman, Balkan Energy Company LLC, and senior advisor to Dallas-based
Prime Income Asset Management, Chief Clement Emmanuel, of the Cameroon Port Authority, and Sanmi
Akinmulero of the African Chamber of Commerce DFW.

With a total population of over 18 million Cameroon, has a growing tourism sector. Mr. Clemente Emmanuel visited
the offices of Balkan Energy to discuss the possibility of Balkan and its real estate affiliates building a five star hotel
in the proposed new airport in Cameroon’s capital and second largest city, Younde.

“In addition to construction and management of a five start hotel in Younde, we are also in discussions with Balkan
to build a power plant, assist with new road construction, and the possible construction of a refinery. These are just
a few examples of the Cameroonian government’s attempt to spur business and infrastructure development within
our country,” said Chief Clemente Emmanuel.

Balkan Energy Company LLC, a privately owned energy company, which handles power projects in developing
countries, was originally formed to explore ways to provide power to Albania and other Balkan countries. It has
more recently been in talks with several African nations in order to advise them as they improve their nation’s power
grids, as well as their existing infrastructure.

According to Phillips, “We’re pleased to have received a letter of invitation from Cameroonian President, Paul Biya.
We immediately arranged a team from Balkan Energy and Prime Income Asset Management to visit Cameroon and
meet with the President to continue discussions on the country’s proposed infrastructure projects.”

Prime Income Asset Management, LLC ( is a Dallas-based real estate management and
energy sector advisor, which develops and manages in excess of $4.5 billion in value of commercial real estate and
energy related assets for various public and private entities. Prime also provides direct or sub-advisory services to
both domestic and international entities engaged in real estate, gas, oil, electricity and communication operations.
Entities advised or assisted by Prime include American Realty Investors, Inc. (NYSE:ARL); Transcontinental Realty
Investors, Inc. (NYSE:TCI); and Income Opportunity Realty Investors, Inc. (AMEX:IOT). From time to time, Prime
consults with Gene Phillips ( who serves in a senior advisory capacity with Prime.
Photo: (l-r) Gene E. Phillips, Prime Income Asset Management Advisor and Chairman, Balkan Energy Company LLC;
MajesteTchatchoua Tchande C. Emmanuel of The Republic of Cameroon

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