ANGOLA’S NUCLEAR INFRASTRUCTURE PROJECT by trp21237

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									       T HE ANGOLA CITIZENS’
      PERMANENT T RUST FUND
                 &
INDUSTRIAL INFRASTRUCTURE PROJECT

                                             Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




        THE ANGOLA CITIZENS’
       PERMANENT TRUST FUND
                 &
 INDUSTRIAL INFRASTRUCTURE PROJECT
                                                A PROPOSAL BY

      THE ANGOLA INDUSTRIAL INFRASTRUCTURE GROUP, LLC,
   MESTRES & SERVIÇOS LDA, AMER-CON CORP. & SELECT MIT FACULTY
      A   CONSORTIUM BEING FORMED TO PRUDENTLY USE ANGOLA’S OIL WEALTH
                              ST
               TO DEVELOP A 21 CENTURY INDUSTRIALIZED SOCIETY

   THE DEVELOPED INFRASTRUCTURE AND ASSETS TO BE OWNED AND CONTROLLED
    BY A PERMANENT TRUST FUND 100% OWNED BY ALL THE CITIZENS OF ANGOLA,
                 BASED UP THE CONCEPT OF SOCIAL CAPITALISM

        REINALDO TRINDADE                               ADELINO DE M ORAIS (ANGOLA) & M ICHAEL STRAUSZ (USA)
    M ESTRES & SERVIÇOS LDA                                ANGOLA INDUSTRIAL INFRASTRUCTURE GROUP , LLC
    RUA CDTE GIKA, 191 R/C                                              2860 LAGUNA STREET
         LUANDA , A NGOLA                                          SAN FRANCISCO, CA 94123 USA
      TEL: + 244 22 2320071                                              TEL: (415) 921-7900
 EMAIL: MESTRES@NETANGOLA.COM                              EMAIL: ADELINODEM ORAIS @A NGOLAIIGROUP.COM

  CARLOS & GUILLERMO RAPAPORT                                                    ANDREW KADAK
          AMER-CON                                                                   MIT



                                                    APRIL 2008




                                                TABLE OF CONTENTS




     T HE ANGOLA INDUST RIAL INFRASTRUCTURE GROUP - MESTRES & SERVIÇOS LDA – Amer-Con         Page 1 of 38    April 2008
       T HE ANGOLA CITIZENS’
      PERMANENT T RUST FUND
                 &
INDUSTRIAL INFRASTRUCTURE PROJECT

                                             Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                          Project Summary                                                       3

                          New Energy Source Required – Nuclear Power                            5

                          Industrial Development with 100% Angolan
                          Citizen Ownership of the Infrastructure                               6

                          Beneficiaries and Trustees                                            7

                          Trust Operations                                                      7

                          Industrial Node , MIT & Citizens‘ Trust Models                        8

                          Trust Profit Opportunities                                            9

                          Node Administration and Community Councils                            11

                          Node Trust Responsibilities to Node Residents                         12

                          Project & Master Node                                                 13

                          Oil More Valuable as a Petrochemical Feed Stock                       14

                          Angolan Government Node Land Grants                                   14

                          Project Planning and Trust Creation                                   15

                          Proposed Role of the Angolan                                          15
                          Infrastructure Planning Group

                          Angolan Infrastructure Planning Group                                 16
                          Proposed Consortium Members

                          Population Control Discussion                                         16

                          Nuclear Power Types and Costs                                         17

                          IAEA Nuclear Safeguards and Verification                              20

                          Angola Citizens‘ Permanent Trust and
                          ESOP-RSOC Trust program models                                        21

                          Discussion of Nuclear Power & Hydrogen                                24

                          Saudi Arabia‘s Jubail Industrial City                                 27

                          Abu Dhabi M.I.T. Association & Citizens‘ Trust                        29

                          Consortium Member Bios                                                31




            THE ANGOLA CITIZENS’ PERMANENT TRUST FUND
               & INDUSTRIAL INFRASTRUCTURE PROJECT

     T HE ANGOLA INDUST RIAL INFRASTRUCTURE GROUP - MESTRES & SERVIÇOS LDA – Amer-Con         Page 2 of 38    April 2008
           T HE ANGOLA CITIZENS’
          PERMANENT T RUST FUND
                     &
    INDUSTRIAL INFRASTRUCTURE PROJECT

                                                 Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




Program:                A 25 year program to dedicate a minimum of 10% of Angola‘s gross oil and gas revenue to
                        fund the development of a modern industrial infrastructure (starting with the building of new
                        gas fired electrical plants), producing power and water, which will encourage the private
                        investment in the creation throughout Angola of a modern, pollution free, industrial society.

Transition to Nuclear Power:         By the year 2018, the consortium proposes a transition from natural gas
                      and hydroelectric power generation to nuclear power, through the use of technology now
                      being developed.

Angola Parliament Plans Law to Promote Nuclear Energy for Industrial Use

                        APRIL 25, 2007 – The Angolan Parliament is planning to approve The Law of Nuclear
                        Energy to launch Angola into the production of nuclear energy. João Baptista Ngandajina,
                        Angola‘s Minister of Science and Technology said today on the Voice of America that
                        Angola limitations in energy production means that Angola must begin now to plan projects
                        to develop energy from nuclear sources.

                        The minister said the law would promote graduate level, specialized university courses
                        given through the College of Sciences of the Universidade Agostinho Neto.

                        The minister stated that the law will alert the International Agency of Atomic Energy
                        and the western nations that Angola‘s intentions are to use nuclear power for peaceful
                        purposes, with a program to use its natural resources wisely. The law will allow the country
                        to develop scientific projects in the area of medicine, agriculture, the protection of maritime
                        waters, particularly to prevent the pollution caused by oil production in the seas.

                        This law will give official sanction and approval to the Angolan Industrial Infrastructure
                        Project planned transition to nuclear power, which is essential to the future of Angola‘s
                        industrial development and wise use of Angola‘s carbon based resources.

Scope:                  This program, at this funding level, should create US$ 50-75 billion in debt free industrial
                        infrastructure for Angola. The multiplier effect of this infrastructure investment (by trust
                        partnering with international investors and by attracting international and private Angolan
                        industrial investments), could conceivably, over the next generation, generate in excess of
                        US$ 1 trillion (US$ 1,000 billion) in economic gross domestic product for Angola.

                        This compares favorably to the World Bank‘s October 2006 analysis of the total value of all
                        of Angola‘s proven and probable oil reserves (at US$50 per barrel), which was estimated at
                        a present value of US$ 266 billion. This study also suggests that absent new
discoveries, Angola will be out of oil in just over two decades, which is nothing less than scary.

                        Angola‘s oil reserves could be extended if it was used for a more valuable purpose as
                        petro-chemical feed stocks, instead of the wasteful use by burning it in engines and power
                        plants.
                        By creating a nuclear infrastructure, Angola will be insured to have lasting oil and gas
                        supplies for future generations.




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           T HE ANGOLA CITIZENS’
          PERMANENT T RUST FUND
                     &
    INDUSTRIAL INFRASTRUCTURE PROJECT

                                                 Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




Social Opportunity:     Angola, with its vast resources, plentiful arable land and extremely low population density,
                        has a birthright potential to become the economic engine and model for all Africa, and
                        producing, through this modern infrastructure induced industrialization, full, high income
                        employment and a shared substantial wealth for all its citizens.

The Angola Citizens’ Permanent Trust & ESOP-RSOC Trust Program:

                        The Angola Citizens’ Permanent Trust, whose beneficiaries are all the citizens of Angola,
                        and the ESOP-RSOC (Employee Stock Ownership Plan – Residents’ Share
                        Ownership Corporation) Trust program, whose beneficiaries are the workers and
                        residents in the industrial node created by this program, is a method of expanded
                        capitalism (social capitalism), which allows the citizens of all Angola, and the workers and
                        residents directly involved in production, a share of the profits from ownership of capital.

                        In addition, the trustees will have an absolute mandate to act ONLY in the BEST social,
                        environmental and economic INTERESTS of the TRUST BENEFICIARIES, which will
                        insure that the citizens of Angola are not exploited, are treated fairly, and will all enjoy the
                        fruits of an industrialized economy.

Angola Citizens’ Permanent Trust – A shining beacon example for the developing world:

                        The Angolan Industrial Infrastructure Project, once successfully realized, will become a
                        model for prudent nuclear based industrial development throughout the developing world.

An Economic Imperative:

                        Should Angola spend its oil & gas inheritance without creating this nuclear power based
                        infrastructure, when the oil is gone, the following generations of Angolans will surely find
                        themselves trapped to endure a new wave of corporate colonialism, with outsiders calling
                        the shots and grabbing Angola‘s remaining resources for themselves.

Industry – A Wealth Builder:

                        Presently about 85% of Angola‘s workforce is trapped in mostly subsistence agriculture,
                        and which produces only about 7% of the country‘s gross national product. Very little of this
                        agricultural product can be sold for hard cash, so most of this
                        work provides little economic benefit for Angola.

                        The entire manufacturing base of the country produces only
                        about 1% of its gross national product, so the room for expansion
                        is immense.

                        By having 85% of the workforce producing such a tiny share of the economy is a terrible
                        waste of human resources, which could be better utilized as a workforce for higher paying
                        jobs in manufacturing and industry.
                        In addition, farming could and should become mechanized and conducted on a basis so
                        that it produces its products for sale to the high wage workers in a nuclear based industrial
                        workforce, thereby raising wages in agriculture.




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           T HE ANGOLA CITIZENS’
          PERMANENT T RUST FUND
                     &
    INDUSTRIAL INFRASTRUCTURE PROJECT

                                                 Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




The Trusts Are Money Making Machines:

                        The trusts are in business to make money, in addition to their social responsibilities. They
                        will be run to maximize profits for its beneficiaries.

                        The concept of social capitalism, or expanded capitalism, IS NOT SOCIALISM, since it
                        uses all the tools of capitalism to spread the wealth to a wide class of people, who
                        ordinarily would not have any ownership of assets producing unearned income.

                        With its dedicated oil allocation, and its land grants, it will be in a position to do joint
                        ventures with international companies at these industrial nodes, by providing discounted
                        power, land, buildings and petrochemical feed stocks, thereby increasing its equity and
                        earning power in excess of its infrastructure investments.

New Energy Sources Required:

                        In September of 2006, William C. Ramsay, Deputy Executive Director of the International
                        Energy Agency (IEA), in a speech in Angola‘s capital, Luanda, noted that electricity is
                        available to less then 20% of Angolans and most Angolans rely on wood or charcoal, said
                        “Electricity is the leading indicator of growing prosperity and the principal driver of a
                        modern society. Improving access to electricity services throughout the country is
                        critical to Angola’s economic and human development.”

                        By allowing an expanding population to rely on wood for fuel, Angola faces increasing
                        ecological damage, which can only get worse in time.

                        At the present, the entire power plant nuclear output is less than 700 MW for a country of
                        15 million people, which is
                        only 47 watts per person,
                        compared to a modern
                        country like France, which
                        generates a capacity of
                        1600 watts per person –
                        so there is a long way to
                        go.

                        This chart also highlights
                        the inexpensiveness of nuclear fuel when compared traditional sources of energy. Nuclear
                        fuel has the lowest cost per Million Btu (British thermal unit) of any of the fuels listed.


Warning – Nuclear Power will have critics:

                        Be forewarned that critics will come out of the woodwork and from under rocks, and these
                        critics will attack the creation of an Angola nuclear based industrial economy. They will use
                        the confusion of sophistry, in the form of seemingly reasonable arguments as to why
                        Angola should not pursue this path to self sufficiency – they will talk of safety, waste
                        disposal issues and warn of the bugaboo of the proliferation of nuclear weapons – but




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          T HE ANGOLA CITIZENS’
         PERMANENT T RUST FUND
                    &
   INDUSTRIAL INFRASTRUCTURE PROJECT

                                                Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                       these will be smokescreens, designed to confuse decision makers and keep Angola from
                       becoming an industrial power – so these arguments should be ignored.

Industrial Development with 100% Angolan Ownership of the Infrastructure:

                       Unlike most developing countries development model, international companies usually
                       demand ownership of projects and a large share of the equity and profits.

                       Presently, we are watching world wide the acceleration of the privatization of public wealth
                       – even in America public water systems and highways (just to name two glaringly
                       outrageous examples), which are public property and are being sold off and looted. Even
                       the immensely powerful and rich state of California couldn‘t protect its citizens from being
                       robbed of US$ 50 billion in price gouging by pirate out-of-state energy companies, which
                       price manipulation and gouging was promoted and facilitated by the Bush administration in
                       behalf of major campaign contributors in the energy business.

                       So if even America and its citizens can‘t stop the takings of public assets by predatory
                       global profiteers, facilitated by corrupt American government officials, how can the citizens
                       of developing countries defend themselves?

                       There is one sure way, and that is for the citizens themselves to own the infrastructure and
                       the wealth in a permanent trust, as propose by the Angolan Citizens’ Permanent Trust &
                       ESOP-RSOC Trust program. By building this infrastructure debt free, funded by Angola‘s
                       oil/gas dedicated allocation, the trust will be impervious to loan-to-own schemes so
                       prevalent in the developing world.

                       In that way, these assets can never be stolen, and will remain a permanent financial legacy
                       for future generations of Angolans.

                       In this case, the Angolan Citizens’ Permanent Trust and the node trusts will be the 100%
                       owners of the infrastructure and the power plants developed.

                       The projects will be implemented by fee compensated professionals (based upon a
                       negotiated percentage of project cost).

                       This is what the members of the consortium who is promoting this program, the ANGOLA
                       NUCLEAR INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS LDA (comprised of
                       experts and companies in the fields of public planning, nuclear energy and power and
                       infrastructure development) propose. This group and its members will have no ownership
                       interests in the project.


                       Unlike projects where investors-partners are involved, requiring an ownership interest, all
                       project monies will be invested by the Angolan Citizens’ Permanent Trust, through the
                       node trusts, and these trusts will not be required to give up ownership to attract qualified
                       developers and professionals. Because they have no money at risk, except for future fees
                       based upon performance, these consultants and development professionals will be more
                       than satisfied to accept no ownership.




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           T HE ANGOLA CITIZENS’
          PERMANENT T RUST FUND
                     &
    INDUSTRIAL INFRASTRUCTURE PROJECT

                                                 Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                        Initially, Angola will need to attract western corporations, engineers and consultants to
                        create this nuclear future, but Angola does not need to deed away any of its wealth to do
                        so.

                        The past and present global business model has wrongfully forced most third world
                        countries to squander their resources by selling extraction rights to predatory profiteers,
                        who have transferred most of the extracted wealth to the 1st world coffers.

Beneficiaries:          Ownership of the master project would be held by an Angolan Citizens’ Permanent
                        Trust, whose beneficiaries would be all the citizens of Angola, based upon the model of
                        Alaska (US) Permanent Fund, discussed see page 21.

                        Each industrial node will have a separate node trust, which will be half owned by the
                        Angolan Citizens’ Permanent Trust and half owned by a separate trust directly benefiting
                        the residents and workers who work for all businesses and industries in the node.

                        This separate trust will be called an ESOP-RSOC trust (Employee Stock Ownership
                        Corporation – Residents‘ Share Ownership Corporation), which is based upon the United
                        States ESOP model and the RSOC model (see page 22).

Trustees:               Initially, Angolan Citizens’ Permanent Trust and the individual node trust trustees will be
                        comprise of members of The ANGOLA NUCLEAR INFRASTRUCTURE GROUP-
                        MESTRES & SERVIÇOS LDA and Angolan government officials appointed as salaried
                        trust administrators.

                        Gradually, within 10 years or so, the members of the ANGOLA NUCLEAR
                        INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS LDA will be replaced by citizens
                        elected by the people.

                        To protect the beneficiaries from the trustees using operational and authoritative discretion
                        to act against the beneficiaries‘ interests (a common problem and the cause of most
                        political and business corruption), the trustees will have an absolute mandate to act ONLY
                        in the BEST social, environmental and economic INTERESTS of the TRUST
                        BENEFICIARIES.

Trust Operations (Angolan Citizens’ Permanent Trust and the node trusts):

                        The dedicated oil/gas grants will be paid directly to the Angolan Citizens’ Permanent
                        Trust and paid in hard currency and held in a hard currency bank account. The node trust


                        grants will come directly from Angolan Citizens’ Permanent Trust based upon their
                        needs.

                            The trusts will receive their allocation of dedicated oil/gas revenue tax free as a non-
                             repayable grant

                            The trusts will not borrow for their investments, but may attract private investors to
                             participate in their projects




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          T HE ANGOLA CITIZENS’
         PERMANENT T RUST FUND
                    &
   INDUSTRIAL INFRASTRUCTURE PROJECT

                                                Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                           It may be suitable for the trusts to receive a tax holiday on their earnings or profits
                            during the infrastructure building phase.

                           The trusts will pay 25% of their annual profits (of which the oil/gas allocation is not
                            counted) to its beneficiaries.

                           The trusts will reinvest the balance of their annual profits in either infrastructure or
                            business development

Industrial Node – Citizen’s Trust Models
New City Models, MIT (Massachusetts Institute of Technology) Associations, Abu Dhabi’s Citizens’ Trust

                       The concept of building new industrial cities from the ground up, is actively being pursued
                       in the fastest growing major economies, such as China and India. One of the first such
                       projects was begun in Saudi Arabia in 1975 on the Persian Gulf, called Jubail. It is a huge
                       undertaking, occupying land in excess of 500 square kilometers (the industrial section is 80
                       square kilometers) and is producing a local gross domestic product in the range of US$20
                       Billion. The energy servicing the city is in excess of 6500 MW, which is about 10 times the
                       power being generate by all of Angola‘s power systems. Jubail II is now commencing
                       construction to greatly expand the project.




                       In February 2005, it was named by Foreign Direct Investment magazine as having the:

                       Best economic potential: Jubail Industrial City, Saudi Arabia

                       Rapid GDP growth from strong oil exports and massive foreign investment in Saudi
                       Arabia‘s main industrial city mark Jubail out for strong economic performance in the next
                       few years. Three decades after US engineering firm Bechtel Corporation put in place the
                       massive industrial infrastructure, Jubail has become one of the Middle East‘s most
                       important industrial centers.

                       For example, the world’s largest petrochemical complex has attracted more than $46bn of
                       investment to date and Jubail is now responsible for 6%-7% of the world petrochemical
                       market.

                       Jubail is home to a long and growing list of foreign joint ventures, capturing almost 50% of
                       the country’s total foreign investment. Last year, the Saudi Arabian General Investment
                       Authority gave the go-ahead for five projects involving foreign investment of $2.8bn. Recent
                       significant investments include those by Sina Petrochemical Co, and joint ventures
                       between Bassel International Petroleum Corp and Sahara Petroleum Corp, and Acetex and
                       Tasnee.



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           T HE ANGOLA CITIZENS’
          PERMANENT T RUST FUND
                     &
    INDUSTRIAL INFRASTRUCTURE PROJECT

                                                 Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                        From this start, Saudi Arabia has developed a number of other industrial cities, which is
                        similar in concept to our multi-node proposal for Angola.

                        More information can be seen at the end of this presentation in the Discussions section.

                        Abu Dhabi recently announced a venture to transition away from fossil fuels, by building
                        alternate energy power. The NY Times article of March 2007, states that they will be
                        focusing on solar, wind and hydrogen.

                        The most important part of the article noted that this project was being done in an
                        association with MIT:

                               ―Shortly after it announced those plans, Masdar announced an even more ambitious
                               project to develop a graduate-level research center in combination with M.I.T. that will
                               be focused on renewable-energy technologies. Scientists who join the program will
                               be able to attend M.I.T. courses in Boston and will be assisted in developing research
                               and courses at Abu Dhabi. M.I.T. administrators liken the effort to one that the
                               university spearheaded in Bangalore during the 1960s that helped create the high-
                               tech corridor there.

                               ‗This is the first oil-producing state that has accepted and agreed with the concept
                               that oil may not be the only source of energy in the future,‘ said Fred Moavenzadeh,
                               director of the Technology Development Program at M.I.T. ‗That is a significant
                               realization.‘ ‖

                        The model of MIT helping develop research and courses at Abu Dhabi and allowing
                        exchange students to study at MIT, will be part of the plan for the Angola Industrial
                        Infrastructure Project.

                        Besides the university schooling, MIT will be instrumental in planning the development of
                        the entire project, through contracts with MIT experts in all the fields necessary to create
                        and formalize the project‘s concept and implementation.

                        Abu Dhabi has long prided itself on being an example of what oil money, put to good
                        use, can do.


                        Oil helped turn Abu Dhabi from desert fishing village into an influential Arab capital. It
                        helped build a citizens’ trust fund that is estimated to be worth up to $300 billion,
                        whose investments are estimated to bring the emirate almost twice income as its oil
                        sales do.

Trust Profit Opportunities

                            Sale of water and electricity to node industries, businesses and residents (at reduced
                             rates)
                            Land lease rent from industrial operators. Although the node trust will hold title to
                             the land, it is recommended that industry and businesses locating there be only granted




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       T HE ANGOLA CITIZENS’
      PERMANENT T RUST FUND
                 &
INDUSTRIAL INFRASTRUCTURE PROJECT

                                            Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                        leases and not be permitted to buy land, so that the trust can obtain the benefit of
                        increased land value caused by the industrial activity sponsored by the trust.

                        Note that over time there will be some defaults on leases of land and buildings by failed
                        industrial operations and businesses, and these improved lands and buildings will
                        become the property of the trust, through these defaults (under due process, of
                        course), and so the improved properties can be released at higher values.

                       Housing or land rent from node residents. It may be socially beneficial to allow
                        residents or groups of residents to buy land outright to build homes or condominiums,
                        which will allow them to directly benefit from the node land and property appreciation,
                        and thereby bring more direct wealth to node communities.

                       Investments by the node trust in joint ventures with industrial operators, either
                        through cash investment, or more prudently, through providing land and buildings to the
                        venture at no cost, will likely become an important profit center.

                       At some point in the future, based upon the success and experience of this project and
                        the Angola Permanent Trust Fund, it is likely that a separate consulting arm of the
                        trust, as a for profit entity, can operate under the same program as the ANGOLA
                        NUCLEAR INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS LDA, and obtain
                        fee based consulting contracts to set up these programs throughout Africa and the
                        developing world.

                        This consulting arm will be a very valuable tool of the trust, and will be likely to generate
                        substantial fees, because their experience, expertise and financial contacts will pave
                        the way for accelerating implementation of the industrialization of the developing world.

                       When technology makes the use of hydrogen fuel cells financially competitive with gas
                        combustion engines, the nuclear plants can generate hydrogen for sale.

                       The node trusts can get involved in mining, by obtaining mining rights from the
                        Angolan government and either finance the mining itself, or partner with private
                        companies to fund the mining and share in the profits.

                        We recommend that all mining rights that Angola makes available to the marketplace
                        be granted to the Angola Permanent Trust Fund, which will be a capital asset usable
                        to attract private investment.

                       Micro-loan interest – Micro-loans granted node trust residents to start businesses
                        would produce interest for the node trusts. We recommend the model of lending to
                        groups of 5 women, all responsible for repayment of these micro-loans, as practiced by
                        Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded, and
                        the practices of other international micro-financing companies.




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          T HE ANGOLA CITIZENS’
         PERMANENT T RUST FUND
                    &
   INDUSTRIAL INFRASTRUCTURE PROJECT

                                                Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                            Yunus won the Nobel Peace Prize
                            last year for their pioneering use of
                            tiny, seemingly insignificant loans –
                            ―micro-credit‖ – to lift millions out of
                            poverty.

Node Administration

                        We suggest that the nodes be run
                        paternalistically, somewhat like
                        company towns – except with an
                        important difference:

                        In company towns of old (in the logging
                        towns of the old west in America and the
                        gold fields of South Africa), wherein the towns were run for the sole benefit of absentee
                        company owners, at the suffering and exploitation of the town residents and company
                        workers, in the node trust case, the owners are the town residents and workers, along with
                        all the citizens of Angola, and the trustees are required by mandate to act in their best
                        interests.

                        The administrators of the node will be the trustees and their staff. Besides the government
                        and the ANGOLA NUCLEAR INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS
                        LDA representatives, some of the trustees will be elected from community councils,
                        described below. At some point in the future (say 10-15 years hence, as described above),
                        when community leaders have obtained the training and experience to fully operate the
                        node administration and investments, the trust will likely be comprised only of members
                        elected by the community councils.

Community Councils:

                        Each community in the node will be granted a stipend to create and operate community
                        councils, whose representatives will be elected from and by the residents and business
                        owners of the community. The elected members of these community councils will, of
                        course, like all elected members of any of the authority boards or trusts, will be required to
                        follow the beneficiaries‘ ―best interests‖ mandate.



                        Each community council will elected a member to serve as trustee on the board of the node
                        trust.

                        These community councils represent a true state of representative democracy, and will be
                        modeled on the Communal Councils of Venezuela, which came into being in April 2006
                        with the passing of the Communal Council Law by the Venezuelan National Assembly.
                        They are intended to provide a participatory democratic body for communities to manage
                        and develop themselves. Prior to the law being introduced there were separate projects
                        such as the Social Missions and the Urban Land Committees.




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                                                   Industrial Development & Transition to Nuclear Power = People Power + Clean Environment




                           The new institution is designed to pull these distinct programs together so a strategic view
                           can be taken of what the community needs as a whole.

                           It has just been announced the Venezuela will create a US$6 Billion fund to provide grants
                           to these 13,000 separate councils, which will then be able to decide by themselves how to
                           invest these monies locally for education, construction, transport, health, agriculture and
                           housing related projects. Note that the subsequent funding is based upon performance by
                           the members of these councils, and the more successfully the money is used, the more
                           these successful councils will be funded. Councils that squander their money will do so at
                           their own and their communities risk.

                           Some say that the Venezuela Communal Council funding program is risky, because there
                           is no central plan. Lots of money will be put into the hands of people without training and
                           experience. Therefore, the way the community councils would be set up under the Angola
                           trust plans is different, as master planning would be done at the Angolan Citizens’
                           Permanent Trust and the node trust level, so that the councils would not have control of
                           money until which time as their leaders have achieved an adequate level of competence to
                           run things.

Node Trust Responsibilities to the Node Residents

                                   Building and staffing of modern equipped schools, grades kindergarten through 12 th
                                    grade high school graduation. It will be a requirement of all node residents that their
                                    children must complete all 13 years of schooling, through graduation.

                                    It is highly recommended that English be taught in these schools beginning in the
                                    1st grade, through graduation.

                                   Sponsoring, with grants of land (leased), business and engineering institutes of
                                    higher education to teach local Angolans the knowledge and skills to become
                                    managers, engineers and operators of the node based industrial operation.

                                   The node trust administrators are responsible for building the node infrastructure
                                    (roads, water, sewer and power lines and facilities) and community operations and
                                    safety (police and fire) services. The infrastructure of these projects will be
                                    developed as needed and be paid for from a combination of node trust income and
                                    grants and permit and operating fees paid by node industries and businesses.

                                   It is assumed that the function of the civil and criminal courts would be paid for and
                                    provided by the Angolan Government.

Project:                   Development of safe, 4th generation, nuclear reactor powered industrial infrastructure
                           nodes.

                           The initial phases of the project would be sited near the ocean, to permit ready access to
                           sea water, which will permit the desalination production of fresh water sufficient to serve all
                           the industrial and residential water needs of the node.




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                        Each node would be initially powered by one 110-165 MW modular reactor, which can be
                        expanded on to build more reactors when need requires it.

                        Each node would be comprised of 10-25 thousand hectares of land, which should permit
                        sufficient room to provide for employee housing and industrial building expansion over the
                        next 50 years.

Master Node is Pilot Node – Near Luanda:

                        The master node will also be the pilot node, which will be built close to Luanda and will
                        have a much higher energy capacity, say 1100 to 1650 MW, which can be expanded, when
                        needed. Companies want to be near each other and close to a ready source of employees.

Master Node Suggested Industry Categories:

                        Primary Industries: Refining, basic petrochemicals, fertilizers, and steel plants.

                        Secondary Industries: Mainly specialty petrochemicals and plastics. Feedstock is mainly
                        from the primary industries.

                        Support & Light Industries: Fabrication and light manufacturing to support primary and
                        secondary industries and the community.

Privately Owned Industrial Businesses – Enterprise Zone enhancements:

                        To attract international and Angolan private investment capital to the nodes, the following
                        benefits will be offered:

                                  Quick business license process – handled directly by node administrators without
                                   the need for government agency approval

                                  Discounted feedstock supplies

                                  Infrastructure

                                  Service Industries

                                  15 year tax holidays & import, export and customs exemptions

                                  Favorable land & utility rates



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                                  Freedom to repatriate profits and funds

                                  Streamlined processing of loan guarantees from 1st world countries‘
                                   governmental agencies

Oil More Valuable as a Petrochemical Feed Stock:

                        Burning oil in vehicles, generators and power plants is a waste of a commodity better used
                        as a feed stock in the petrochemical industry. The plastic which is used in most products
                        used in the modern world comes from oil. Fertilizers are largely made from oil.

                        We believe that the Angolan government can provide long term contracts for substantially
                        discounted oil allocations for petrochemical industries at the industrial nodes, as an
                        inducement to set up business there. The savings in shipping and middleman costs, in
                        addition to the creation of Angola‘s industrial capacity, will more than offset any discounts
                        which might be offered.

Angolan Government Node Land Grants

                        The Angolan government must provide debt free land comprising about 20,000 hectares for
                        each planned industrial node. This is about 200 square kilometers, or a site 14 kilometers
                        square. This should provide sufficient industrial and high density residential expansion
                        room for the next 50-100 years at each site.

                        Relocation Issues:

                                 Angola can take a lesson from China, whose rapid industrial growth, combined
                                  with central government control working hand in hand with private development
                                  and industrial companies, have mishandled the relocation of the existing
                              

                                   residents and farmers, by simply evicting them and bulldozing their homes and
                                   farms, often forcing them to flee to the cities.

                                   This practice has been socially and economically disruptive and has caused
                                   anger by the people against the government. We believe that there is a better
                                   way, which has been made possible by the beneficial nature of the structure of
                                   the trust.

                                 In the case of the Angola Permanent Trust Fund, and the individual node trust,
                                  both of which are required to act as fiduciary trustees towards the residents and
                                  farmers who will be affected by the land grant of the land they occupy. This is
                                  because these disrupted people are beneficiaries of both the Angola Permanent
                                  Trust Fund and the local node trust.

                                 This means that, since the trustees will have an absolute mandate to act ONLY in
                                  the BEST social, environmental and economic INTERESTS of the trust




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                                  beneficiaries, then the trustees are forced to act in a beneficial way towards the
                                  affected community.
                                 In addition, the trustees are accountable to the beneficiaries, so should the
                                  trustees attempt to act against the beneficiaries‘ interests then the trustees can be
                                  removed, by vote of the beneficiaries and replaced by trustees who will observe
                                  the beneficiaries‘ ―best interests‖ mandate.

Project Planning and Creation of the Trusts:

                        Once the creation of the Angola Citizens’ Permanent Trust Fund & Nuclear
                        Infrastructure Project is approved for creation and implementation by the Angolan
                        government, its full scale funding should start within two to three years. This will give the
                        Angolan government time to rev up oil production sufficiently to assign 10% of its gross
                        revenue (about US$ 3 billion per year) to the trust.

                        The trust structure and guarantees should not be created by law (which has the possibility
                        of being revoked by a future Angolan legislature and administration), but by an amendment
                        to the Angolan constitution, which could only be changed by a supermajority vote of
                        Angolan citizens. Note that the Alaska Permanent Fund was created as an amendment to
                        the Alaska constitution by wise citizens who were justifiably wary of their elected officials.

                        Meanwhile, we believe that there are available discounted gas allocations which can begin
                        funding the trust accounts immediately. This should provide sufficient implementation
                        monies in the range of US$ 50-100 million per year, to begin implementation of the full
                        program.

The Proposed Role of the ANGOLA NUCLEAR INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS LDA:

                        The promoters of this project, the ANGOLA NUCLEAR INFRASTRUCTURE GROUP-
                        MESTRES & SERVIÇOS LDA will obtain a negotiated percentage fee implementation

                        contract (based upon the gross cost of the implemented project, payable as the
                        development money is paid out) with the Angola Citizens’ Permanent Trust to implement
                        the project during its 25 year funding cycle.

                        The ANGOLA NUCLEAR INFRASTRUCTURE GROUP- MESTRES & SERVIÇOS LDA,
                        under direction of the Angola Citizens’ Permanent Trust’s trustees, will use this money to
                        assemble and pay an international consortium of professionals and companies to proceed
                        to develop the project plan, locate, receive and survey and plan node on the grant land,
                        identify, chose and order the nuclear power plants, identify and bring aboard international
                        manufacturing and industrial companies interested in participating in the project, etc., to be
                        ready to begin major construction when the 10% oil/gas allocation begins to fund in two to
                        three years.

                        Until we begin assembling the consortium and start contacting international manufacturing
                        and industrial companies, no one can know at what scale and scope the initial phase of the
                        project will be. At this point, we can assume that this project will begin at one node, most
                        likely near to Luanda, so that minimum road or rail infrastructure development would be
                        required, and the experience and justification for expansion elsewhere will be obtained.




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Angolan Industrial Infrastructure Project’s Present Consortium Members:

                        Adelino De Morais (Angolan citizen) & Michael Strausz (United States of America citizen)
                        Founding members and Proposal Authors, Angola Industrial Infrastructure Group, LLC

                        Reinaldo Trindade, Mestres & Serviços, Lda

                        Carlos and Guillermo Rapaport, AMER-CON

                        Andrew Kadak, PhD, Dept. of Nuclear Science and Engineering
                        MIT – Massachusetts Institute of Technology

Population Control – Infant and Child Mortality, Schooling and Social Security:

                        If Angola does not plan properly, because the majority of its citizens are young, its
                        population could grow beyond Angola‘s ability to expand its economy, even with this
                        nuclear infrastructure program.

                        Studies have shown that populations in Sub Sahara Africa are expanding beyond the
                        countries‘ ability to feed, house and cloth their citizens. These studies have suggested that
                        there are three main factors causing this population increase:

                                     1. Lack of knowledge of the methods of modern birth control, and
                                        understanding of the dangers of over population, which can be learned in
                                        full program schooling, as suggested by this program.

                                     2. Lack of a government funded social security system, which requires that a
                                        couple must have children available to take care of them when they get old
                                        and infirm.

                                     3. High infant and child mortality, which requires that a couple must have more
                                        children to insure that some of these children are around for their old age.

                        The income generated for all Angola citizens from the Angola Citizens’ Permanent Trust
                        and for those fortunate enough to live and work in the ESOP-RSOC node trust zones, can
                        take the place of a social security system – and additionally provides money for savings
                        and investment for each citizen‘s future.


                                                                                Also population control is often
                                                                                linked         to        women‘s
                                                                                empowerment        and     gender
                                                                                equality. By insuring that women
                                                                                obtain the same level of
                                                                                schooling as men, and by being
                        empowered through the trust by its micro-lending program for women, the state of affairs
                        can only get better.




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Nuclear Power Types and Costs:

                        Three groups, ESKOM, MIT (Massachusetts Institute of
                        Technology) and China‘s Tsinghua University‘s Institute of
                        Nuclear Energy Technology are developing a modular 110-
                        165 MW high temperature pebble bed reactor using helium
                        gas as coolant and the gas for electric producing gas
                        turbines.

                        The modular design allows construction time in about 2
                        years, at fraction of the time and cost of old style water
                        cooled reactors, and completely safe.

                        Old style power plants are much more expensive, cannot
                        be readily expanded, and have serious waste disposal
                        issues.

                                                                                      The new generation reactors are greatly
                                                                                      simplified:

                                                                                      The capital costs are estimated to be in
                                                                                      the range of US$1000-2000 per KW, or
                                                                                      US$ 165-330 million for a single 165
                                                                                      MW plant.

                                                                                      At that price, for Angola to achieve parity
                                                                                      with a modern, 1st world country, such as
                                                                                      France, which gets approximately 80%
                                                                                      of its energy from nuclear power, it
                                                                                      would have to build about 30 times its
                        present capacity of electricity generation of about
                        700 MW. At the above costs, total outlay would be
                        about US$ 30 billion to achieve energy parity with
                        France. This means that over a generation, Angola
                        could easily accomplish this and build much other
                        infrastructure besides.




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                                                                                   SOUTH AFRICA’S PBMR: A
                                                                                  MELTDOWN-PROOF REACTOR

                                                                               The Pebble Bed Modular Reactor (PBMR),
                                                                               now under development by the South
                                                                               African company Eskom, is shown here
                                                                               with its main power system and support
                                                                               systems.

                                                                               As described in the Nuclear Report, the
                                                                               PBMR and its cousin, the General Atomics
                                                                               GT-MHR, are both helium-cooled high-
                                                                               temperature reactors with direct-cycle gas
                                                                               turbines, which eliminate the conventional
                                                                               steam cycle. These reactors encase the
                                                                               nuclear fuel in tiny ceramic spheres
                                                                               (instead of the familiar domed containment
                                                                               buildings of conventional nuclear plants).

                                                                   The two designs have inherent and
                                                                   passive safety features, which make them
                                                                   meltdown proof: In brief, the reactor‘s
                                                                   design prevents it from getting hot enough
                                                                   to split open the fuel particles. If there is a
                                                                   coolant failure, the reactor shuts down on
                    its own, without any human intervention necessary.

                    The major differences in the PBMR and GT-MHR designs are in the type of fuel assembly,
                    and the amount of power produced. The fuel for the GT-MHR is shaped into rods, while the
                    PBMR fuel is fashioned into tennis-ball-sized ―pebbles.‖ The PBMR is 112 megawatts
                    electric, while the GT-MHR is 285 MWe.

                    PBMR fuel consists of tiny particles of uranium oxide, coated with layers of ceramics and
                    silicon carbide, forming an impenetrable barrier, which contains the fuel. The particles are
                    then mixed with graphite and molded into pebbles, about 310,000 of which fill the reactor
                    vessel. An additional 120,000 graphite balls serve as moderator.




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                    Thorium, which is much more abundant that uranium, can also be used for nuclear fuel and
                    has a much reduced disposal problem. It has another advantage in that thorium is very
                    difficult to weaponize.




                    4th generation nuclear reactors are the wave of the future, and any country who does not
                    create a nuclear infrastructure program will be playing catch-up when oil and gas become
                    scarce and expensive.




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IAEA (International Atomic Energy Agency) Safeguards and Verification

                        Nuclear power has gotten a bad rap because of its potential to create atom bombs.
                        Secrecy and bad intent by some governments has gotten them in trouble. The simple way
                        to avoid these problems is for Angola to offer full transparency, with an absolute
                        commitment to use nuclear energy for peaceful and economic purposes.

                        The government of Angola and the trustees of the Angolan Citizen’s Permanent Trust
                        will sign all necessary IAEA safeguard and inspection agreements to promote full access
                        by UN and IAEA inspectors to all aspects of the project.




                        Pillars of Nuclear Cooperation            Promoting Safeguards & Verification

                        The IAEA works for the safe, secure and peaceful uses of nuclear science and technology.
                        Its key roles contribute to international peace and security, and to the World's Millennium
                        Goals for social, economic and environmental development.

                        These agreements will guarantee that all nuclear enrichment and production will be used
                        for peaceful purposes, which should insure that the international community embraces and
                        encourages Angola‘s nuclear future.

Full Transparency       This planning, development and operation of the Angola Nuclear Infrastructure Project will
                        be conducted with complete transparency, freely exchanging technology, ideas,
                        experience, operations, etc. with everyone, every country and every international
                        company, and international entities (such as the UN), and other government and non-
                        governmental agencies (NGOs), who might be interested in this project.

                        We expect that this transparency, with this planning, development and operation
                        documentation fully available on a dedicated project website, will foster free interchange of
                        ideas.




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The Angola Citizens’ Permanent Trust and ESOP-RSOC Trust program models:

      ESOP - Employee Stock Ownership Plan

                       The ESOP model was created by Louis Kelso and Norman Kurland and ESOP legalized in
                       the 1970s by the US Congress to promote the partial or complete ownership of business
                       and companies by their employees. The
                       employees were often granted stock as part of
                       their compensation. Sometimes the employees
                       raised money from banks, secured by company
                       assets and stock, to buy out outsider
                       shareholders.

                       The theory is that ESOPs provide labor a share of
                       the profits, instead of just wages, which spreads
                       the wealth around, instead of just keeping all the
                       ownership in the hands of capitalists (investors
                       and outside stockholders). In addition, it is meant
                       to make workers more loyal to the company, since
                       they are also owners and sharing in the rewards
                       of capital.

                       More about ESOPs and also Community Investment Corporations can be viewed online at
                       Norman Kurland‘s website for the Center for Economic and Social Justice www.cesj.org.

                       His book Capital Homesteading for Every Citizen recommends the same models of shared
                       ownership of capital, or social capitalism, which is the basis for the Angolan Citizens‘
                       Permanent Trust program.

      Alaska Permanent Fund

                       Created by Alaska voters in 1976 to establish by Alaska constitutional amendment a
                       dedicated fund to invest the proceeds of at least 25% of all mineral lease royalties earned
                       by the state (particularly from Alaska oil extraction by private companies) in the capital
                       markets, the income of which is mostly distributed to all residents of Alaska, and the
                                                        principal must be reinvested and not spent. This means
                                                        that the fund is permanent and cannot be taken away from
                                                        the people by the government, without changing
                                                        constitution by vote of the people. The average annual
                                                        dividend ranges from $1,000 to $2,000 per Alaska
                                                        resident.

                                                              This is how the Alaska Permanent fund diversifies its $37
                                                              billion in principal.




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   MSDC’s RSOC – Residents’ Share Ownership Corporation Program

                    The RSOC program was created by Michael Strausz and Ulysses J. Montgomery (Mr.
                    Montgomery has no involvement whatsoever in the Angola Citizens’ Permanent
                    Trust Fund and Angola Industrial Infrastructure Project) as a vehicle to redevelop
                    underused property (often owned by government, or African American church or
                    community non profit groups).

                    The RSOC program called for the properties (or business created there) to be owned by an
                    RSOC trust, whose sole beneficiaries would be the residents of the redeveloped projects
                    and the residents in the communities affected by the redevelopment.

                                                                               The RSOC program developers,
                                                                               financiers, consultants and
                                                                               professionals who implement these
                                                                               projects would be hired as ―fee‖ agents or
                                                                               consultants and would have no ownership
                                                                               in the projects, so that all the profits
                                                                               generated in the projects would go to the
                                                                               RSOC trust beneficiaries.

                                                                               The RSOC trusts would initially run by
                                                                               outside professionals, until which time as
                                                                               the residents themselves could be trained
                                                                               to take over management. In both cases,
                                                                               the demon of management and
                                                                               governance discretion would be
                                                                               eliminated, by requiring all directors,
                                                                               trustees and managers to act ONLY in the
                                                                               BEST environmental, social and economic
                                                                               INTERESTS of the trust beneficiaries.




                    Proper Use of Public or Community Group owned land

                    The RSOC uses surplus public land and cooperatively owned land in redevelopment
                    areas for the full benefit of the low and moderate income residents and small business
                    owners who are affected by redevelopment.

                    The RSOC model will change everything

                    The RSOC done once, successfully, will change the way public land is used - in the best
                    social, economic and environmental interests of its owners, the people, instead of
                    squandered by sweetheart, closed door, manipulated transfers to profiteers.




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                    RSOC Purpose

                    The RSOC program‘s purpose is to plan, finance, build, own and manage mixed income
                    housing and economic development projects, primarily for the benefit of its shareholders
                    and members. This program was designed for the redevelopment of properties in
                    America‘s inner cities, but the benefits listed below would apply to Angolan development
                    too.
                            Use surplus public lands or privately held cooperative housing projects as capital
                             stakes to attract productive credit to develop substantial capital ownership for low
                             and moderate income residents of redevelopment areas.
                            Revitalize distressed communities for the benefit of its existing low and moderate
                             income residents.
                            Eliminate the root causes of crime: poverty, joblessness, failed schooling, lack of
                             hope, etc., by putting the money and tools to eradicate these social ills under the
                             direct control of the people who need assistance.
                            Change the model of redevelopment, so that all benefits generated in
                             redevelopment areas go directly to low and moderate residents of the affected
                             community, instead of into the hands of a small group of outsider-profiteers.
                            The RSOC‘s successfully realized example will prove an easily replicated model to
                             supplement government‘s unraveling social safety net, by reducing its most
                             distressed citizens‘ need for its help.
                            Convert the usual victims of redevelopment and gentrification, the residents of the
                             affected communities, into OWNERS and FULL BENEFICIARES of the process, as
                             intended by law.
                            Boost low and moderate income RSOC shareholders into the middle class, by
                             providing them: real estate investment equity, job training, educational & business
                             opportunities, and hope – resulting in a great reduction in inner city crime.




WE CAN FORGIVE A CHILD FOR BEING AFRAID OF THE DARK, BUT THE REAL
       TRADEGY IN LIFE IS WHEN ADULTS ARE AFRAID OF THE LIGHT



     GOD BLESS THE PEOPLE OF ANGOLA


               The following discussions show that as soon as practical, the


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            Angola Industrial Infrastructure project should transition to nuclear power.


Africa Needs Power!

Africa—very literally the dark continent as seen from space at night—accounts for 12% of the world's population, but
only 2% of the world's energy consumption.

Power is the key to kick-starting the African economies.

The World Cannot Survive Without Nuclear Energy

Developments around the globe—from Europe to Asia and even the United States—indicate that leading policymakers
are finally beginning to realize that the world will not survive without a revival of nuclear power.

In Asia, where the preponderance of the world's population lives, energy-starved, in abject poverty, leading political
economists has insisted that third world countries, and particularly India and China, will never overcome their destitution
unless they move with an integrated 50-year development plan, which places great emphasis on nuclear power. They
are not generating enough real income for their people, to bring the 70-80 percent of the population out of poverty.

India, leading political economists have indicated, has tremendous capability for launching a massive program to build
high-temperature gas-cooled reactors, using its vast supply of thorium. By building small plants, in the range of 120-200
megawatts, India is capable of producing the pressure vessels on a mass scale. Such a production program can provide
the power to transform the rural areas of India by providing a lot of cheap power.

A leading political economists' conception for the international nuclear revival emphasizes the importance of using
thorium fuel (which cannot make bombs), and proliferating small reactors, which would minimize the loss of energy
through transportation of power. Oil reserves should be used be petro-chemicals, and gas should be primarily used
locally. In the future, the use of nuclear power will facilitate the shift to hydrogen-based chemical fuels.

The big picture is this: we are going to have to change the global economic reality over the next two generations.
We are going to have to build new cities, deal with rural poverty, and create high-speed transportation and
development corridors throughout the Eurasian region, the Americas, and Africa.

Six African Nations to Build Nuclear Power Plants

The first African Regional Conference on Nuclear Energy, in Algiers Jan. 9-10, drew representatives from 45
African nations and the head of the International Atomic Energy Agency, Dr. Mohamed ElBaradei. Press reports
say that Algeria, Libya, Egypt, and Morocco described their plans to go electrical, and that Namibia also plans a
small nuclear plant. South Africa has nuclear power now, and plans to build additional plants.

The Secretary General of the Algerian Foreign Ministry noted that "Africa is entitled to reap the benefits of
atomic energy, without any constraints or obstacles being put in its way, within the bounds of




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international agreements.‖ Algeria currently operates two research reactors, and has submitted an application
with the IAEA to build commercial nuclear power plants.

It was stressed that nuclear technology is key to the UN's Millennium Development goals, in water management,
pest control, human health, and energy production.

"Capacity building in science and technology is a prerequisite for addressing national and global
challenges associated with basic human needs."

South Africa's PBMR: World's Most Versatile Nuclear System
The fantastic worldwide economic potential of South Africa's Pebble Bed Nuclear Reactor

Next year the Republic of South Africa will begin construction of the first Pebble Bed Modular Reactor (PBMR))— a
revolutionary nuclear power source which South Africa's Minister of Public Enterprises calls "the perfect nuclear
technology for Africa and the developing countries."

With the PBMR, South Africa has taken the leading edge in fourth-generation nuclear technology, combining
extraordinary simplicity, robustness, and "inherent safety" with the capability to produce high-temperature heat for the
production of hydrogen-based fuels and other industrial processes, as well as cheap electricity.

The International PBMR Conference

On Jan. 30 of this year, Britain's Nuclear Industry Association sponsored an international conference devoted entirely to
the PBMR, and attended by some 200 industrialists, nuclear experts, and political representatives from South Africa, the
United Kingdom, the United States, Japan, France, Germany, Spain, and Switzerland.

This should be a wake-up call to all that the era of suppression and stagnation of nuclear energy development
has drawn to an end.

It was emphasized that the major technological advances embodied in the PBMR is its simplicity, speed of
design, and rapid construction. The 165-megawatt-electric modules are very appropriate for developing countries,
which lack extensive electricity grids. It was also noted the massive support given to the project by the South African
government and the state-owned electricity company, Eskom, as well as the wise decision by both to draw in world-
renowned industries, such as Mitsubishi Heavy Machinery, in supplying certain key components of the reactor,
alongside the major role of South Africa's own domestic industry.

Now the project is engaging suppliers spanning the globe, guaranteeing the commercial viability of a new path for
nuclear energy.

At the same time, the PBMR will constitute a major contribution by South Africa to improving the lives of people in Africa.

South Africa has decided to make itself into a "global center for nuclear excellence," placing export of standardized
nuclear reactor modules at the forefront of a strategy to cement the country's role as a major exporter of capital
equipment. At least 12 countries are currently interested in purchasing PBMRs.




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The PBMR is "South Africa's unique contribution to the global challenge" of meeting mankind's power needs, not only
for electricity, but also for transport and industry. It was pointed out that this was of decisive importance for this
technology to be developed for Africa in particular.

PBMR is classified as a "National Strategic Project," but also involves a remarkable international cooperation.

Hydrogen from nuclear power

Beneficial by-products of excess nuclear power include large-scale hydrogen production; synthetic natural gas and other
liquid and gaseous fuels from coal, oil, or other carbon sources; process heat for refineries and other chemical plants;
heat and steam for recovery of heavy oil and other resources; large-scale desalination, and so on.

In this context, he who hesitates will be last – as the following five conditions defining a unique "window of opportunity"
for the introduction of nuclear process heat into the world's energy market.

To succeed, any proposed nuclear technology:

1) Must be developed as soon as possible

2) Must be very safe, in order to be located close to heat-consuming industrial facilities

3) Must be cost competitive with alternate energy sources

4) Must have the right size, ideally in the range 400-500 megawatts-thermal

5) Must produce the right temperatures, in the range of 800-1,000 degrees.

The PBMR modules fit exactly these requirements, with no serious competition on the scene.

The chemical energy of hydrogen can be converted to power most efficiently by a device known as a fuel cell. Combustion of
hydrogen, as in an engine, could also be used for obtaining power.

Hydrogen is easier to store than electricity, but hydro-carbons, especially liquid fuels, are much easier to store than hydrogen.

Hydrogen is the most abundant element in the universe. However it does not normally exist on Earth as a gas (H2), but is rather
found in the form of chemical compounds. It is most often found combined with oxygen in water (1-120). It is also found
combined with carbon in the various hydrocarbons. Examples include the gas methane (CH.), which is the principal component
of natural gas; the heavier liquid hydro-carbons which make up petroleum; and coal.

To produce H2 from compounds, it is necessary to use energy to break the chemical bonds which hold the hydrogen.

The merits of using nuclear energy for hydrogen production are that there is no CO2 emission, a sustainable bulk
supply capability, and a high energy density, facilitating energy security. As it is essential to reduce the global use of
fossil fuels, it is important to explore the feasibility of nuclear energy replac ing fossil fuels as the power source for
non-electric applications. The most promising and realistic way to fulfill this need is to use nuclear energy to
produce hydrogen, an excel-lent energy carrier.




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                          Saudi Arabia’s Jubail Industrial City
Thirty years ago, Saudi Arabia launched a project to build a city from the sand up. Today, Jubail is an
industrial capital with a population of more than 100,000 that accounts for more than 7 percent of the
kingdom‘s gross domestic product. Wooden dhows have made way for container ships. A single pier has
evolved into a bustling industrial port that serves 38 primary and secondary industries including oil refining,
                              petrochemicals, and steel.

                                  Jubail Industrial City, in fact, is the largest civil engineering project in the world
                                  today. It also is one of Bechtel‘s most remarkable achievements—a mega project
                                  that has required vast resources and logistical planning on an unprecedented scale.
                                  Bechtel has managed the project since it began, and last year, the Royal
                                  Commission for Jubail and Yanbu asked the company to manage Jubail II, a $3.8
                                  billion expansion of the city‘s industrial and residential areas.

                                 In a 1973 meeting in Geneva, the Saudi royal family said that it was looking for
                                 ways to diversify the kingdom‘s economy. Steve Bechtel Sr. had noticed the
massive amounts of natural gas going to waste during oil extraction in the Eastern Province. He suggested
harnessing it for power generation, petrochemical feedstock, and other
industries instead of flaring it off, and the royal family agreed. The Royal
Commission for Jubail and Yanbu was created in 1975 with Crown Prince
Fahd as chairman. The Jubail Master Plan was adopted two years later,
and the city has grown in size and economic importance ever since.

From the beginning, the Royal Commission thought big. Jubail Industrial
City would be 102,000 hectares—10 times the area of the Panama Canal.
The city now serves 17 primary industries, 21 secondary industries, and
132 support and light manufacturing industries. The industrial development
required the world‘s largest seawater cooling system, pumping more than 1 million cubic meters per hour.

The industrial plants, power sources, utilities, commercial ports, and national airport were only part of the job.
Bechtel planned and managed the construction of everything that makes Jubail a community, including
neighborhoods with greenbelts, a hospital, schools, and mosques.

The first primary industry, a steel mill, came online in 1982. Today, refineries, petrochemical plants, and more than
a dozen industrial plants produce everything from petroleum to plastics. As a result, Jubail has reduced the
kingdom‘s dependence on outside industries—one of the basic goals set out by the royal family in the early 1970s.

Jubail has also evolved into a major player in the global petrochemicals market, attracting top technical and
business minds from 40 countries. Its residents attend two dozen schools, shop at 14 shopping centers, and play
golf at the Whispering Sands course.




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Jubail II will add a second industrial area to house up to 22 new primary industries. The project calls for the
expansion of King Fahd Industrial Port, pipeline refurbishment, increasing capacity of the cooling system, and new
desalination plants. The team will tailor plans to meet demand over the next 25 to 30 years.

        Expanding in Phases

Jubail II will proceed in four phases, with the initial phase accommodating nine industries and covering 1,900
hectares of the total 5,500-hectare development. Designs for infrastructure facilities, including tunnels,
superstructures, pipelines, and transport routes to the port were completed in 2004. The first phase will be
complete by 2007 and the first industry may start production as early as 2008.

Most of the Jubail II plant buildings lie three kilometers west of the existing industrial park. The team is adhering to
the original master plan, building in open space that was set aside 30 years ago. Residential areas will be added
within the existing community to accommodate up to 50,000 additional residents by 2024.

One improvement over the early years is that today‘s team will be able to hire more local contractors. ―We have a
much larger pool of experienced local contractors to rely on now,‖ says Candler. ―We expect to build the project
using almost entirely local help.‖

        A High-tech City

Another dramatic change is in the city‘s use of technology. The Royal Commission recently completed an
information technology expansion, which brought broadband Internet access to most of the buildings in Jubail and
added a new set of servers and other hardware. Jubail II will be high speed from the beginning. As Jubail‘s
reputation as a modern industrial megaplex has grown, so has its academic prominence. Jubail Industrial College
is considered one of the best universities in the kingdom, with a focus on engineering technology, business, and
English. Jubail Technical Institute, which opened in September 2004, trains students as technicians in trades most
needed by local industries. Within a few years, it will graduate welders and electricians who can choose to stay in
Jubail after diploma day.

This massive industrial complex on the Arabian Gulf, along with Yanbu, its twin on the Red Sea, stands as a
symbol of the government's vision of Saudi Arabia's future development. The Royal Commission for Jubail and
Yanbu was established to plan and administer all installations in these two "cities." An ancient center of the
Eastern Province and a caravan junction, the city of Jubail was famed for pearling. Located near the oil producing
area, it was found suitable as the site of the world's largest petrochemical complex. Jubail industrial city has been
divided into multiple zones:

1. The Industrial Zone has nineteen main factories with 136 ancillary installations, and produces steel, aluminum,
plastic and fertilizers under the supervision of the Saudi Basic Industries Corporation (SABIC). This zone covers
an area of 8,000 hectares, or approximately eighty kilometers. In catering to diverse needs, SABIC leases fully
developed and fully equipped industrial sites at nominal rents.

2. The Residential Area is composed of eight localities built on an adjacent island linked to the mainland. There
are 40,000 inhabitants. The area has the capacity to accommodate 375,000 people in modern up-to-date houses.




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3. The Airport Area, covering an area of 250 kilometers, has the capacity to receive all types of aircraft and
handles the transportation of passengers and freight.

4. The Picnic Zone, situated to the West of the industrial zone, covers an area of 204 kilometers. To the residents
of the city, it is an invaluable recreation area. It encompasses verdant sites, playgrounds and facilities for water
sports. The zone is set among abundant trees and rare plants.


                             Abu Dhabi’s MIT association and
                               $300 Billion citizens’ trust fund




March 18, 2007

Abu Dhabi Explores Energy Alternatives

By HASSAN M. FATTAH

[Abstract of article] ABU DHABI, United Arab Emirates, March 14 — On the outskirts of this Persian Gulf
boomtown, past an oil refinery and a water desalination plant, the foundations are being poured for an ambitious
project that will house a research facility and perhaps even a power plant, all intended to take this oil-producing
giant into the next energy wave.

Oil, however, will have nothing to do with it. The sun, the wind and hydrogen will.

Abu Dhabi, the capital of the United Arab Emirates, the fourth largest OPEC oil producer with about 10 percent of
the known reserves, is seeking to become a center for the development and implementation of clean-energy
technology.

Last year, the emirate launched the Masdar Initiative (Masdar is Arabic for source), which has signed up major oil
and technology companies, universities around the world and U.A.E. ministries to help develop and commercialize
renewable-energy technologies backed by hundreds of millions of dollars of Abu Dhabi‘s money.

The U.A.E. is only the most serious among Persian Gulf oil-producing countries whose thirst for electrical power
has spawned efforts to find other sources of energy to save high value fossil fuels for export. Most Persian Gulf
states get their water from desalinating gulf waters, an energy-intensive process. With their populations growing
rapidly, domestic consumption of oil is commanding a greater share of production.




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Late last year Saudi Arabia and other gulf states began a research program looking into nuclear power.

―They‘ve seen the writing on the wall: where will all these places be, post-oil?‖ said Virginia Sonntag-O‘Brien,
managing director of BASE, a center in Basel, Switzerland, that promotes investment in energy efficiency and
renewable energy. ―It‘s their message that they are an oil-producing nation taking the energy and climate issue
seriously and developing their own economy, which is important.‖

Abu Dhabi has long prided itself on being an example of what oil money, put to good use, can do.

Oil helped turn Abu Dhabi from desert fishing village into an influential Arab capital. It helped build a citizens’
trust fund that is estimated to be worth up to $300 billion, whose investments are estimated to bring the
emirate almost twice income as its oil sales do.

Shortly after it announced those plans, Masdar announced an even more ambitious project to develop a
graduate-level research center in combination with M.I.T. that will be focused on renewable-energy
technologies. Scientists who join the program will be able to attend M.I.T. courses in Boston and will be
assisted in developing research and courses at Abu Dhabi.

M.I.T. administrators liken the effort to one that the university spearheaded in Bangalore during the 1960s
that helped create the high-tech corridor there.

In a decade, Masdar‘s executives and M.I.T.‘s administrators predict, Abu Dhabi is likely to have expertise in solar
energy, photovoltaics, energy storage, carbon sequestration and hydrogen fuel.

Most important, they say, it hopes to prepare itself for a world that is not as reliant on fossil fuels as it is
today.

―We realize that the world energy markets are diversifying, so we need to diversify too,‖ said Sultan A. al-Jaber,
chief executive of the Abu Dhabi Future Energy Company, the government arm that manages the Masdar
Initiative. ―We see the growth of renewable energy as an opportunity, not as a problem.‖

―For a player in that world to recognize that there‘s this other component to the energy business is itself a
recognition that the world is changing,‖ said Marc Stuart, director of new business development at EcoSecurities.




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         THE ANGOLA INDUSTRIAL INFRASTRUCTURE GROUP, LLC




Adelino A. De Morais

                240 Lombard Street #428,



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                San Francisco, CA 94117
                Phone: (415) 756-9415
                Email: Adelinodemorais@angolaiigroup.com

Education       Institute of Electronics – High School
                Eduardo Garcia Delgado, Havana, Cuba 1977-1981

                Universidade Agostinho Neto, Luanda, Angola
                Department of Economics 1981-1983

                Cite Universtaire d'Orleans, Orleans, France
                University of Sorbonne, Paris France
                Bachelor of Science: Economics 1983-1987

                City College of San Francisco San Francisco, California
                International Business 2001-2003

Employment Experience

1989-1994       Job Title: Assistant Project Manager
                Employer: World Bank- $360 Million Budget, Luanda-Angola
                Duties: Economic Management Capacity Building: function as a coordinator between The Angola Authorities
                and the World Bank. Conducting seminar regarding investments strategies and policies on revising Angola‘s
                new economic policies.

1994-1997       Job Title: Executive
                Employer: Angola Liaison Office, San Francisco
                Duties: Act as an Angolan Investment liaison on the contract with Angolan authorities, duties including
                discuss investment opportunities with potential foreign investors.

1997-2002       Job Title: Consultant
                Employer: Amer-Con Corporation, Miami
                Duties: Responsible for the research, evaluation and implementation of major i nfrastructure economic
                development projects in Angola, Ethiopia and Mozambique. Projects completed had a value of approximately
                $700 Million.

2002-2006       Job title: consultant
                Employer: Arko Engineers, Development CO., LLC, San Francisco

                Duties: Adviser on specifics Business interests in Angola, introduction to new Business.

2007            Job Title: Principal
                Angola Industrial Infrastructure Group – A group formed to create an Angola Citizen‘s Trust and a plan to
                create industrial infrastructure nodes throughout Angola to help develop Angola‘s human and natural
                resources in the best economic, social and environmental interests of the citizens of Angola. In the proposal
                stage.

Language Skills          Fluent in English, Spanish, Portuguese, French and Swedish




Michael Gannon Strausz

                2860 Laguna Street




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                 San Francisco, California 94123
                 Michael@Strausz.com
Professional License:     California Real Estate Broker License #00453187 Since 1975
Membership:
Bay Area Real Estate Services -- San Francisco Board of Realtors – No. California Multiple Listing Service
Education:
Prep-School - The Lakeside School, Seattle, Washington, Class of 1969
University - Occidental College, Los Angeles, BA Physics, Class of 1973
Employment Experience:
1973 to 1975     Parker, Towle & Thompson, Real Estate Brokerage, Pasadena, California as a real estate broker and sales
                 agent
1975 to 1978     Grubb & Ellis Residential Brokerage, San Francisco, California, as a real estate investment property broker
                 and outside apartment manager
1978 to 1981     Sterbentz – Strausz & Company, Inc., San Francisco, California, as co-owner and managing broker,
                 specializing in investment property sales and residential income property renovations (approximately 150
                 units renovated)
1981 to 2005     Michael Strausz & Company, Inc. San Francisco, California, as owner and managing broker, involved in
                 residential, commercial, income property and office and residential land sales. Mr. Strausz had as many as
                 30 agents licensed at his office and over a period of about a 15 years, successfully closed over 2000 Bay
                 Area property transactions. During this period Mr. Strausz acted as a consulting expert witness in a number
                 of court cases and arbitrations, with a specialty in real estate practice, c ontracts and values.
1986 to 2005     Consumer Funding, Inc., San Francisco, California, as corporate and managing broker, specializing in
                 residential, income property and commercial real estate lending. He oversaw the closing of over $1 billion in
                 loan fundings.
2003 to 2004     Land Use Expert for the Communities For A Better Environment (CBE) pertaining to their intervener status
                 with California Energy Commission in opposition to the expansion of the Potrero Power Plant, and in
                 opposition to the San Francisco Redevelopment Agency‘s plans for the Hunters Point Shipyard.
2005 to 2007     Mr. Strausz is participating in a plan to identify and create mixed use and mixed income, capital ownership
                 development opportunities for low and moderate income community residents of redevelopment affected
                 communities and owners of affordable housing cooperatives and publicly owned low income housing
                 projects. Present proposals include the redevelopment of San Francisco‘s 267 unit Hunters View low income
                 apartments into approximately 600 units of race and income integrated rental/sale condos, the profits of
                 which will pay for the cost of the affordable units and all remaining unsold market rate condos will be owned
                 as a dividend producing capital asset by an investment vehicle devel oped by MSCD, called an RSOC
                 (Residents‘ Stock Ownership Corporation) Trust, whose only beneficiaries will be the qualified existing low
                 income residents of Hunters View. Mr. Strausz, his associates and their clients, the Hunters View Tenants
                 Association, have been invited by the San Francisco Redevelopment Agency sponsored Bay Hunters Point
                 Project Area Committee to present this plan for review and consideration by their committees and other city
                 agencies during the month of October, 2007.

Mr. Strausz most recent development project was the $6 million mixed-use high end condominium project completed this year
and located at 807 Columbus in San Francisco, California.




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                                         MESTRES & SERVIÇOS LDA




Reinaldo Luis da Silva Trindade

                 Mestres & Serviços, Lda, R UA CDTE GIKA, 191 R/C, LUANDA, ANGOLA
                 TEL: + 244 22 2320071 EMAIL: MESTRES@NETANGOLA.COM

Education        1982-1988 Degree in Automatic Engineering, Technical University of Ilmenau, Republic of Germany

Present          Mestres & Serviços, Lda since 1992




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Responsibility Chairman of the Business Board for:
                      Mestres & Serviços, Lda, Mestres, Serviços & Commerce and BERSON (PTY) Group

Professional       1988-1989                  ENE – National Electricity Corp.
Experience                                    Technician for Method and Organization Office

                   1989-1991                  EPAL – Luanda Water Treatment Corp.
                                              EPAL Computer & Billion Dept. Manager

                   1991-1993                  TAB – Consultant (PYT) Ltd. – Lesotho
                                              TAB Consulting Representative in Luanda

Other Experience
                           Chairman of the Inspection Board for Angolan Young Businessmen Association
                           Member of the Task Force Board that specifically organizes African Economy Summits for the World
                            Economic Forum
                           Member of the Task Force Board for the Global Leader to Know
                           Free Commerce & Digital Difference
                           Attended more than 10 World Forums and Summits in New York and Geneva held by the World
                            Economic Forum
                           Attended many other African Summits (Afro-American) and the World Youth Summit

Associations
                           Designated member of Global Leader for Tomorrow
                           Member of the Luanda Rotary Club
                           Member of the Angola Engineers Syndicate

Representative U.S. General Motors Corp. Representative (Electromotive Division) in Angola


Interests          1991 (45) days in Sweden for central hydroelectric, civil engineering projects and basic
                   Infrastructure training

                           Participated on Activity Control Works
                       
                                       st
                            Attended 1 National Meeting for Water Sector Management
                           Participated on Technical Network Project for Benefica Neighborhoods community with links to
                            Angolan President‘s Office (Belo Horizonte Urbanization Project)
                       
                                       st
                            Attended 1 National Summit for environment and sustainable development
                           Participated on assessment project for property budgets (Predio sujo do Marcal) and restoration
                            assessment for public housing and buildings

Languages          Fluent in Portuguese, German, English and a working knowledge of French

Computer           Advanced computer programming and Microsoft Office


                                                                                      Mestres & Serviços, Lda
MESTRES & SERVIÇOS, LDA                                                               RUA CDTE GIKA, 191 R/C, L UANDA , A NGOLA
                                                                                      TEL: + 244 22 2320071
Turning contacts into contracts                                                       EMAIL: MESTRES@NETANGOLA.COM

Mestres & Serviços is a company whose activities span                     in 1993 as an enterprise headed by Reinaldo Trindade.
crucial areas of the Angolan economy. It was established                  Nominated in 2001 as a Global Leader for Tomorrow by




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the World Economic Forum, Trindade is a leading young                    scope for future evolution into a conglomerate, which
Angolan entrepreneur, and active in several of the                       could include the following divisions:
country’s business organizations in addition to running his                   Mestres & Serviços – Commerce
own company. His experience of working in the                                 Mestres & Serviços – Consultancy
government-run utility sector, which included working at a                    Mestres & Serviços – Building Materials
water supply company and at the Department for Energy,                        Mestres & Serviços – Property Services
gave him an invaluable insight into the workings of the                       Mestres & Serviços – Agri-Industry
whole sector, and he established personal contacts that are                   Mestres & Serviços – Tourism
an essential prerequisite for conducting business in
                                                                              Mestres & Serviços – Construction
Angola. Obtaining a degree in Germany, and gaining
                                                                              Mestres & Serviços – Public Works
experience of working in a western-style economy, gave
him a firm understanding of the prospects for foreign
                                                                         The challenges the company faces also represent
investors when they choose to invest in Angola.
                                                                         opportunities to show that it can adequately respond to
         Firmly convinced that the future for his country’s
                                                                         such dilemmas as late deliveries or capacity bottlenecks
service provisions lie in the private sector, Trindade struck
                                                                         without affecting the quality of its work.
out on his own, forming a partnership that is now Mestres
                                                                                   It should be expected that Mestres & Serviços will
& Serviços. This solid middle-sized enterprise provides
                                                                         be closely involved in the transformation and the
high-quality, essential services in the area of:
                                                                         development of the Angolan market economy. The further
     Civil Construction and Public Works                                expansion of the oil economy is expected to create more
     General Consultancy                                                opportunities in ancillary areas, such as the provision of
     General Commerce, Imports and Exports                              professional services, equipment maintenance, training
     Representation                                                     and catering. The government is expected to re-invest the
                                                                         oil revenues in other sectors to allow for the growth of the
DIVERSIFICATION                                                          whole economy. Angola is one of the fortunate countries
During the first years of operation, Mestres & Serviços                  in Africa that combine the existence of non-renewable
gained vast and widely recognized experience in                          resources with renewable ones such as water, hydro-
engineering, urban infrastructure, equipment installation                energy and land. The ending of the civil war will enable
and water extraction. The realization of such projects                   the country to utilize the energy of its young population
meant working together with international leading partners               productively, while the reconstruction process will provide
in the spheres of engineering and hydraulics. This                       a growth stimulus to private enterprise. Mestres &
involved working with Gauff-Inginieur and entering into                  Serviços would like to offer foreign companies the chance
an exclusive contract with General Motors (electromotive                 to participate in exciting business possibilities in the areas
division).                                                               of:
          The rich and varied experience of Mestres &                          Development Corridors
Serviços is characterized by its capacity to operate                           Transport and Telecommunications
successfully in a free market economy. One of the secrets
                                                                               Equipment for Mining and Petroleum Industries
of its success can be found in the sphere of activities that
                                                                               Property Services and Tourism
include the process of diversification as well as the
                                                                               The Agro-Industrial Sector
restructuring of the Angola economy. While retaining an
                                                                               Financial Services including Banking, Insurance
organic structure, the company has been able to diversify                          and Leasing
into specialist areas of operation. This provides it with




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                                                     AMER-CON




                                  Brief Background of Amer-Con Corporation Directors

Amer-Con Corporation was formed in 1988 by Carlos, Guillermo, Richard and Robert Rapaport, all of whom have been
directors of the company since its inception. Henry Rapaport joined the company as a director in 1990. The five constitute the
Amer-Con Board of Directors to present date of September 6, 2007.




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The following is a brief background of the five directors:

Carlos Rapaport, 51, President, has over twenty-five years of experience in International Trade and has traveled extensively
in his career to promote and generate business in developing countries. His efforts have been very instrumental in the
lobbying for good relations between the U.S. and Angola. He has been responsible for developing and securi ng financing for a
broad range of exports to developing countries through his extensive work with first class world banks including Investec,
Citibank, Bankers Trust, Standard Chartered and Morgan Guaranty. As a result of his solid export experience he has been able
to develop strong relationships with many key figures especially within the Angolan region. Carlos is a founding member of th e
U.S. - Angola Chamber of Commerce and also serves on the Board of Directors and Advisory Council to the Chamber. Aside
from being President, he is an integral part of the Business Development team at Amer-Con. Prior to Amer-Con between 1979
and 1988, Carlos was Vice-President of DICOA CORPORATION, an international trading entity with extensive experience in
Latin America.

Guillermo Rapaport, 52, Senior Vice-President, has over twenty-five years of experience in the international business arena,
primarily in the areas of Construction and General Trade & Commerce. His international experience began as part of a team
responsible for developing innovative pre-engineered building systems by PANELFAB INTERNATIONAL CORPORATION, which
were marketed and installed in over 60 countries around the world. The projects were very often turn -key including the
systems, and the supply and installation of all materials. Since 1979, when entering Angola to supply and build the compound
for CHEVRON OVERSEAS PETROLEUM, his activities have ranged from directing of construction projects to the marketing and
installation of communications and automation systems. He is also very involved in the U.S. - Angola Chamber of Commerce,
where AMER-CON is on the Advisory Council. He has been responsible for establishing of regional offices and operations for
AMER-CON in the SADC countries of Africa and is now primarily devoted to Business Development at AMER-CON.

Richard Rapaport, 50, Vice-President, has over twenty-five years of experience in international trade, primarily in the areas
of general trade and commerce. He is involved in many aspects of negotiations from proposals and financing of products /
services to the sourcing, shipping and processing of documentary letters of credit or other finance vehicles. He has managed
the financial operations behind large transactions inclusive of sales of large volumes of agricultural, medical and construction-
related goods and services to Angola and other neighboring countries. Prior to AMER -CON, Richard was also Vice-President of
DICOA CORPORATION, with primary focus being Latin America.

Robert Rapaport, 50, Vice-President, has over 25 years of international experience and has worked in many areas for the
company including client relations, sales and marketing, logistics, purchasing and construction management. He is presently
responsible for the implementation of AMER-CON’s logistics systems which are applied in all AMER-CON transactions using his
Construction Management background. This entails domestic and international logistics from the beginning to the end of all
transactions. Prior to Amer-Con, Robert was an integral part of the Construction Management team at PANELFAB
INTERNATIONAL CORPORATION.

Henry Rapaport, 47, Vice-President, is a Certified Public Accountant who has been with the company since 1990. Prior to
then, he worked for over 7 years with COOPERS & LYBRAND. During this period, he managed all phases of client
engagements in industries including banking, retail, communication, service, manufacturing, real estate and others. He now
handles all the accounting and financial responsibilities as Chief Financial Officer of AMER-CON.




          T HE ANGOLA INDUST RIAL INFRASTRUCTURE GROUP - MESTRES & SERVIÇOS LDA – Amer-Con         Page 38 of 38    April 2008

								
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